Author: Admin

Petroleum Secretary Removed Amid Differences with Minister

Admin
New-Project6

ISLAMABAD: The federal government on Friday removed Petroleum Secretary Momin Agha from his post and directed him to report to the Establishment Division without assigning any further posting. Following his removal, Mirza Nasir-ud-Din Ahmad, Additional Secretary Petroleum, has been given the additional charge of petroleum secretary on a look-after basis until a regular appointment is made. According to informed sources, differences had emerged over the past couple of months between Mr Agha and Federal Minister for Petroleum Ali Pervez Malik on several key policy and administrative matters. These reportedly included…

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Ali Pervaiz Malik Engages Pakistan’s Envoys Abroad to Mobilise Global Participation for PMIF 2026

Admin
New-Project4

Islamabad: January 09,2025 Federal Minister for Petroleum Ali Pervaiz Malik held a briefing session with Pakistan’s Ambassadors and High Commissioners posted in key foreign capitals to advance preparations and mobilise international participation for the Pakistan Minerals Investment Forum 2026 (PMIF26). The meeting was conducted virtually with Pakistan’s Missions abroad, while senior officials from the Petroleum Division and representatives of key public sector entities attended in person. The session focused on aligning diplomatic outreach with national economic priorities and positioning PMIF26 as a premier global platform for investment in Pakistan’s mineral…

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Ogra Launches Review of Gas Returns, Questions Asset-Based Profit Model

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OGRA

ISLAMABAD: Pakistan’s gas regulator has formally initiated a nationwide public consultation to review the long-standing asset-based return formula for gas utilities, a move that could significantly reshape how Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) earn profits amid market liberalisation and mounting sectoral stress. In a public notice, the Oil and Gas Regulatory Authority (Ogra) said it is reassessing the rate of return (ROR) allowed to gas transmission and distribution companies under the existing tariff framework. The review follows a federal government directive to restructure…

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Qatar Set to Divert Pakistan’s 24 LNG Cargoes to Egypt in 2026

Admin
New-LNG

ISLAMABAD: Qatar is expected to divert 24 liquefied natural gas (LNG) cargoes originally contracted for Pakistan to Egypt in 2026, underscoring a sharp decline in Pakistan’s gas demand and a broader reshaping of global LNG trade flows. According to The Peninsula, QatarEnergy on January 4, 2026, signed an agreement with the Egyptian Natural Gas Holding Company (EGAS) to supply up to 24 LNG cargoes during the summer of 2026. Petroleum sector officials in Pakistan confirmed that these volumes will effectively come from Pakistan’s long-term LNG commitments, diverted under the Net…

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Trump Backs Bill to Sanction Buyers of Russian Oil, Including China and India

Admin
New-Project3

WASHINGTON: US President Donald Trump has backed a bipartisan bill aimed at imposing sanctions on countries purchasing Russian oil, including China and India, according to a senior Republican senator, Al Jazeera reported. Senator Lindsey Graham of South Carolina said on Wednesday that President Trump had “greenlit” the proposed legislation following what he described as a “very productive” meeting. The bill, titled the Sanctioning Russia Act, has been drafted jointly by Graham and Democratic Senator Richard Blumenthal. Under the proposed law, President Trump would be granted authority to impose tariffs of…

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