Author: Admin

Pakistan cuts gas for some industry buyers as Middle East war upends supply: report

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us natgas

Pakistan’s largest gas distributor was set to cut supplies to some of its industrial customers, suggesting growing strain in one of the economies most dependent on energy exports from Qatar, Bloomberg reported on Wednesday. According to the report, the conflict in the Middle East has caused the most extensive disruption to the global energy trade since Russia’s invasion of Ukraine in 2022, blocking the Strait of Hormuz and shuttering giant energy facilities including Qatar’s Ras Laffan liquefied natural gas export plant. This happened after Israel and the US carried out attacks on Iran, followed…

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Fuel shortage fear grips Pakistan amid Gulf tension and supply limits

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Petrol-Diesel

APPDA urges federal oversight, while OGRA insists fuel stocks remain within regulatory limits and supply curbs are routine stabilisation measures. ISLAMABAD: Concerns over possible petroleum product availability are rising in Pakistan as dealers warn that supply restrictions and quota management by marketing companies may lead to market pressure, particularly amid the volatile security situation in the Gulf region and uncertainty surrounding maritime energy shipments through the Strait of Hormuz. The All Pakistan Petroleum Dealers Association (APPDA) has written to Prime Minister Shehbaz Sharif, urging the federal government to closely monitor fuel…

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Pakistan to take emergency measures on petroleum pricing ‘to keep markets liquid’

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petrol prices

ISLAMABAD: Pakistan is set to take a series of major measures —including weekly petroleum price revision, compensating oil companies for elevated costs of insurance and import premiums, and fuel conservation measures like mandatory work from home — to keep the markets liquid amid the drying out of trade movement following the closure of the Strait of Hormuz. A summary is being submitted to the federal cabinet’s Economic Coordination Committee (ECC) in this regard for action without delay as petroleum prices appeared to surge, informed sources told Dawn. However, even before the ECC takes…

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PARCO Secures Alternative Crude Shipments Amid Strait of Hormuz Disruption

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Parco-board

Karachi: In a strategic move to sustain refinery operations amid ongoing disruptions in the Strait of Hormuz, Pak-Arab Refinery Company (PARCO) has successfully arranged two crude oil cargoes via alternative routes, officials in the Petroleum Division told The News. The new shipments have extended PARCO’s crude stock cover from March 15 to March 25, with each cargo carrying approximately 70,000 barrels. One shipment was sourced from Abu Dhabi National Oil Company (ADNOC) and transported via Fujairah port on the Gulf of Oman, a key oil storage and bunkering hub located…

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Pakistan Requests Alternative Supply Route via Yanbu, Saudi Arabia Assures Full Support

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New-Project91

Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting with H.E. Nawaf bin Said Al-Malki, Ambassador of the Kingdom of Saudi Arabia to Pakistan. During the meeting, both sides discussed matters of mutual interest and bilateral cooperation. The Federal Minister apprised the Ambassador about the current situation and the implications of the closure of the Strait of Hormuz on global energy markets. He stated that Pakistan is closely monitoring the evolving situation on a daily basis, as the majority of Pakistan’s energy supplies transit through the Strait of Hormuz.…

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