KARACHI: The ministry of Energy has provisionally awarded four new oil and gas exploration blocks to three local companies, according to a stock exchange filing by one of the winners on Thursday. Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and Pakistan Oilfields Limited (POL) won the blocks in a competitive bidding round held by the government…
Read More
KARACHI: Pakistan exported a record amount of fuel oil in the first half of the current financial year, surpassing the total exports of the previous year, as domestic demand plunged due to a shift to cleaner energy sources, data from the oil sector showed on Monday. The country exported around 600,000 tonnes of fuel oil from July to December 2023,…
Read More
Deals of oil based goods were accounted for at 1.22 million tons for February 2023, a fall by 16%MoM and 21%YoY. This denotes the greatest month to month decline after July 2022, when it went down 26%MoM. The fall can be ascribed to huge cost climbs in MS and HSD during the most recent 45 days.
Read More
Pakistan has sent a reminder to the UAE asking for a response to the IGA (Inter-governmental Agreement) draft for the import of POL products, officials of the Energy Ministry told The News. We have sent the reminder through MOFA (Ministry of Foreign Affairs) to the UAE government, seeking its response to the IGA draft Petroleum Division had sent to the…
Read More
