Category: Shortcode

The Senate was informed on Friday that K-Electric was operating without any formal agreement since 2015 and the accumulated payables against the country had climbed to Rs490 billion till December 31, 2022. Minister for Power Khurram Dastgir Khan told the house during the question hour that efforts were under way to resolve payment issues with K-Electric and a new agreement was expected to be signed in the next few weeks. He said with a view to resolving various issues between the government and K-Electric, including the recovery of pending amount,…

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EU members have agreed to support a price cap level of $100 per barrel on Russian diesel sales to third-party countries, people familiar with the matter told Bloomberg on Friday afternoon. The EU’s ban on Russian seaborne crude oil products imports, including diesel and naphtha, is scheduled to go into effect on February 5. The EU’s proposal, submitted last week, called for capping the price of Russian diesel sold to third countries at $100 per barrel for products that trade at a premium and $45 for those that sell at…

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ISLAMABAD: As a responsible corporate entity, the Oil and Gas Development Company Limited (OGDCL) – the leading Exploration & Production Company of Pakistan – has donated PKR 100 million to the Prime Minister’s Flood Relief Fund for the relief and rehabilitation of the flood-affected people of the country.Mr. Khalid Siraj Subhani, Managing Director/CEO OGDCL, presented the cheque of PKR 100 million to the Honorable Prime Minister of Pakistan, Mohammad Shehbaz Sharif, during a ceremony held at the PM Office. The donated amount will be spent on the relief and rehabilitation…

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A parliamentary panel, on Thursday, took serious notice of 385 cases registered against gas theft, especially in Sindh. The Senate Standing Committee on Petroleum, presided over by Senator Mohammad Abdul Qadir, deliberated over the issues of gas theft from the main pipeline and was informed that a total of 385 cases had been registered against all types of theft from the pipeline. Of the 385 cases, 26 convictions had been secured while 56 accused had been fined millions of rupees. To-date, however, there have been no convictions against any PARCO…

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Sui Southern Gas (pvt) Limited (SNGPL) announced three-day closure of compressed natural gas (CNG) stations in Sindh effective from Feb 3. The company said Re-liquefied natural gas (RLNG) stations would also not be able to provide gas to the consumers. The decision has been taken in order to ensure the availability of gas supply to domestic consumers. On the other hand, all general industries and Kepto power would also not be supplied with gas on Feb 5.

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