Tag: Petroleum

Petroleum Div decides to float spot tenders for LNG

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Mari-Petroleum

ISLAMABAD: The Petroleum Division has reportedly decided to float spot tenders for Liquefied Natural Gas (LNG) following a decision taken by the National Coordination and Management Council (NCMC), aimed at restoring operations of RLNG-fired power plants with a cumulative capacity of over 5,500 MW. These plants are currently shut down due to suspension of LNG supplies from Qatar owing to declaration of force majeure, well-informed sources told Business Recorder. Prime Minister Shehbaz Sharif had constituted the NCMC as a central platform, comprising representatives from federal and provincial stakeholders, to facilitate informed…

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Petrol prices likely to rise again, efforts will be made to minimize burden on public, says PM Shehbaz

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petrol hike

Shehbaz Sharif addressed the nation on Monday regarding the worsening situation in the Middle East and its economic impact on Pakistan, announcing a series of austerity measures to manage the country’s energy crisis and stabilize the economy. During his televised address, the prime minister expressed deep sorrow over the reported assassination of Iran’s Supreme Leader Ali Khamenei and members of his family. Visit Energy Update website for the latest news-related content He strongly condemned the Israeli attacks on Iran and also criticized strikes on Gulf countries including Saudi Arabia, Kuwait,…

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Attock Petroleum Partners with Huawei and AE Power to Boost EV-Charging Infrastructure in Pakistan

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Petroleum prices

LAHORE: Attock Petroleum Limited (APL) has signed a Memorandum of Understanding (MoU) with Huawei Technologies Pakistan and AE Power to collaborate on developing a nationwide electric vehicle (EV) charging infrastructure, marking a significant step toward advancing clean transportation in Pakistan. Under the partnership, the three organisations will work jointly to establish EV charging stations across key urban and intercity locations, promoting the adoption of electric mobility and contributing to Pakistan’s broader sustainability and decarbonisation goals. The initiative aims to accelerate the creation of a modern, energy-efficient transportation ecosystem while supporting…

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Pakistan welcomes Japan Bank’s interest in Reqo Diq project, says Federal Minister for Petroleum Ali Pervaiz Malik in a meeting with JBIC Delegation

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Japan Bank's interest

ISLAMABAD,August 28,2025 Federal Minister for Petroleum Ali Pervaiz Malik, held a meeting today with a delegation from the Japan Bank for International Cooperation (JBIC), led by Mr. Taro Kato, Director General of Mining and Metals Finance at JBIC. The meeting focused on strengthening bilateral cooperation in Pakistan’s mining and energy sectors, with particular emphasis on the landmark Reqo Diq project. Minister Malik expressed profound gratitude for Japan’s interest in Pakistan. “We are deeply grateful for the Japanese interest and confidence in investing in Pakistan’s economic potential,” the Minister stated. “The…

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H.E. Minister Saad Sherida Al-Kaabi meets Pakistan’s Petroleum Minister

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Petroleum Minister

His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, met in Doha today with H.E. Mr. Ali Pervaiz Malik, the Federal Minister of Petroleum of the Islamic Republic of Pakistan. Discussions during the meeting dealt with bilateral relations and cooperation in the field of energy between Qatar and Pakistan and means to enhance them.

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