Author: Admin

KARACHI: The Oil and Gas Regulatory Authority (Ogra) has authorised four local refineries to export a combined 195,000 tonnes of furnace oil (FO), including high-sulphur furnace oil (HSFO), during October 2026. According to separate permissions issued by Ogra, Pak Arab Refinery Limited (Parco) has been allowed to export 60,000 tonnes of furnace oil during the month, with a tolerance of plus or minus 10 per cent. National Refinery Limited (NRL) has received permission to export 40,000 tonnes, also with a plus or minus 10pc tolerance. The approval specifically covers high-sulphur…

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ISLAMABAD: Pakistan has decided to seek three LNG cargoes from Qatar during October as uncertainty over supplies through the Strait of Hormuz persists, while the government prepares to engage Iranian authorities to facilitate the safe passage of LNG vessels. The move comes after Qatar Energy extended its force majeure on LNG supplies to Pakistan until November 4, raising concerns that disruptions could continue into the winter and affect deliveries under Pakistan’s long-term LNG supply agreements. The government is racing to secure sufficient LNG supplies ahead of peak winter demand, particularly…

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LONDON: Global oil stockpiles have become “scarily thin” amid the ongoing US-Iran war, Saudi Aramco Chief Executive Amin Nasser warned on Monday, as concerns over global supply resilience continue to mount. Speaking at the Energy Intelligence Forum in London, Nasser said the global oil supply system was already under considerable strain, with limited additional capacity available to absorb further disruptions. “The system is already straining,” Nasser said, warning that the world had very few alternatives to rely on and that the remaining supply resilience cushion was “scarily thin.” His comments…

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ISLAMABAD: The Power Division has acknowledged that the marginal cost of electricity has risen significantly due to the regional conflict, while subsidised electricity rates offered to a select category of industrial consumers have increased the burden on other consumer groups. The admission came during a public hearing conducted by the National Electric Power Regulatory Authority (Nepra), where case officers said the average cost of electricity supply had risen to around Rs32 per unit, compared with the Rs22.98 per unit rate offered to eligible industrial consumers under the Incremental Consumption Package…

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ISLAMABAD: The aggregate profitability of Pakistan’s state-owned enterprises (SOEs) declined by 30 per cent during the first half of FY2026 as their overall financial performance deteriorated across key indicators, increasing fiscal and macroeconomic risks for the government. According to the July-December 2025 SOEs Monitoring Report released by the Ministry of Finance, the power sector remained the weakest-performing segment, while the aggregate losses of loss-making SOEs amounted to around Rs2.8 billion per day. Meanwhile, government support through subsidies, grants, loans and equity injections reached nearly Rs6.6bn per day. The report noted…

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