A Wake-Up Call: Ensuring LPG Safety Amid Rising Usage

New-Project

Islamabad, July 11, 2024– In response to Pakistan’s increasing reliance on LPG due to natural gas shortages, bans on new connections, and soaring gas tariffs, the Oil and Gas Regulatory Authority (OGRA) has organised a national seminar on “Safe Use of LPG – ‘Zero’ Fatal Accident.” The event was held at OGRA’s head office in Islamabad to address the need…

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Ogra Permits Parco to Export 50,000 Tonnes of Furnace Oil

OGRA

KARACHI: The Oil & Gas Regulatory Authority (Ogra) has granted Pak Arab Refinery Limited (Parco) permission to export 50,000 metric tonnes (MT) of furnace oil for July in the current fiscal year, according to an Ogra statement. Parco, which currently holds 93,000 MT of fuel oil—approximately half of the total 170,000 MT reserves across refineries—sought Ogra’s approval to facilitate the…

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Awais Laghari Admits Delays and Challenges in Fulfillment of Free Electricity Promises

Awais-Leghari

Karachi (TV Report) – Federal Minister for Energy, Awais Laghari, acknowledged the delays and difficulties in delivering on the promises of free electricity made by Maryam Nawaz and Bilawal Bhutto. While claiming efforts to reduce electricity prices for the public, Laghari stated that significant rate reductions would be made before the end of the government’s term. He admitted that fulfilling…

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OGDCL Successfully Optimizes Production at Kunnar-11 Well in Hyderabad, Sindh

ogdcl

ISLAMABAD, July 08, 2024: Oil and Gas Development Company Limited (OGDCL) on Monday announced the successful revitalization of the Kunnar-11 well, located in Hyderabad, Sindh. Utilizing advanced production optimization techniques, the well is now producing 960 barrels of oil per day.The production optimization drive underscores OGDCL’s commitment to enhancing oil production through modern recovery methods. The Kunnar-11 well, part of…

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$5 Billion Investment Announced for Pakistan’s Oil and Gas SectorLocal and International Firms Brief PM Shehbaz on 3-Year Exploration Plan240 Potential Sites to be ExcavatedCommittee Led by Ishaq Dar to Formulate New Policy

Ishaq-Dar

ISLAMABAD: Local and international firms have pledged a $5 billion investment in Pakistan’s oil and gas exploration and production (E&P) sector over the next three years. This announcement was made during a meeting chaired by Prime Minister Shehbaz Sharif at PM House on Saturday. A delegation from the oil and gas sector informed the Prime Minister that the investment will…

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Government Grants Six-Month Extension for Refineries to Sign Upgrade Agreements

PRL-eyes

ISLAMABAD: The Cabinet Committee on Energy (CCoE), chaired by Prime Minister Shehbaz Sharif, has extended the deadline for local refineries to sign implementation agreements (IAs) with the Oil & Gas Regulatory Authority (OGRA) for their $5-6 billion upgrade projects by an additional six months. This extension, granted under the amended brownfield refineries’ policy of 2023, aims to accommodate the country’s…

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Fuel Crisis Hits Karachi and KP as Pumps Run Dry Amid Partial Strike

Partial-Strike

KARACHI/PESHAWAR: Despite the postponement of a planned strike by petroleum dealers on Friday evening, many consumers in Karachi faced difficulties obtaining petrol and diesel earlier in the day as several fuel pumps were either closed or out of stock. The strike was a protest against the government’s imposition of a 0.5% advance turnover tax, which the dealers argue would add…

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Ogra Expresses Strong Displeasure Over Media Reporting of Correspondences with Refineries

OGRA

KARACHI – The Oil & Gas Regulatory Authority (Ogra) has formally protested against the publication of its communications with the refining sector in print media. In a letter addressed to the country’s five refineries on Thursday, Ogra criticized what it termed as “highly unprofessional” reporting that undermines collaborative efforts. Expressing dismay over the dissemination of news reports related to regulatory…

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Petroleum Dealers Split Over Strike Amid Government Maneuvers

Over-Strike

ISLAMABAD – The ongoing dispute among petroleum dealers has intensified, with factions within the Pakistan Petroleum Dealers Association (PPDA) divided over a nationwide strike. The government has hinted at raising dealer commissions to mitigate the impact of turnover tax, while oil marketing companies (OMCs) are seeking a 60% increase in their profit margins. Strike Call and Division Abdul Sami Khan,…

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Petrol Dealers to Proceed with Nationwide Strike Tomorrow Talks with Government Deadlocked; Over 13,000 Petrol Stations to Shut Down

PPDA-Strike

Monitoring Cell Established to Manage Fuel Supply During Strike ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) announced on Wednesday that negotiations with provincial and federal governments and other stakeholders had reached an impasse, prompting a nationwide shutdown of petrol stations starting July 5. PPDA Chairman Abdul Sami Khan stated, “They asked us to call off the strike and promised to…

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