Tag: Oil

OPEC talks broke down in acrimony on Wednesday without an agreement to raise oil output after Saudi Arabia failed to convince the cartel to...

Reports of a major discovery of oil and gas at Domail-01 by Pakistan Oilfields Limited (POL) caused the KSE-100 index to rise by 103...

Pakistan’s fuel oil imports for May more than doubled from April’s three-year low volumes to around 700,000 tonnes, while tender requirements indicated the country...

At least five NATO oil tankers caught fire on Tuesday after an explosion near Afghan border, but there were no casualties, officials said. According to...

Wahab Jaffer is one of Pakistan’s most respected artists and art collectors. His work has been shown in several solo and group shows, notably...

A secret diplomatic cable released by WikiLeaks revealed on Tuesday that not only had the US “forced Pakistan to reject Iran’s concessional oil offer”,...

Flames and thick smoke caused by an accidental blast killed one person and wounded 25 Tuesday as President Mahmoud Ahmadinejad inaugurated a unit in...

Pakistan’s dollar reserves have sustained a declining trend as the oil and food imports bill has climbed to $32 billion in the first 10...

The Privatisation Commission has announced the appointment of a consortium consisting of Citibank, Credit Suisse, J.P Morgan and BMA Capital as Financial Advisory Consortium...

Oil sales in the country have dwindled by four percent in the first 10 months of the FY11 primarily because of, what the analysts...

Bulls in the oil market still have room to run around a price of $110 per barrel but growth of global oil demand is...

National Refinery has once again increased the prices of lube base oil by Rs 3.0 per litre which would result in sharp increase in...

Soon after the surge in oil prices, the price of liquefied petroleum gas (LPG) has also jumped by at least Rs 10 per kilogram...

Tribal clashes over a land dispute in Sudan’s oil-producing state of South Kordofan left at least 15 people dead, a local chief and an...

Prime Minister Syed Yusuf Raza Gilani on Tuesday said the government had decided to reinvigorate the oil and gas sector to enhance production for meeting...

KARACHI - The lingering circular debt issue, coupled with heightened security concerns, has forced local oil and gas exploration companies to curtail exploration and development (E & D) activities. Industry analysts observed that E & D activities depicted a significant decline of 40 percent in the nine months of FY11, as a meager 30 wells were spudded in contrast with 50 wells in the same period last year. They further underlined that bifurcation of the number reflects the gravity of

ISLAMABAD - The Ministry of Petroleum on Tuesday forwarded separate summaries seeking removal of incumbent head of all state owned oil and gas entities to the prime minister, an official source said. The summaries were sent to the PM, as he is the appointing authority. A separate summary for each MD was sent along with his details and criteria for the appointment to the post.
For the interim period, the ministry had recommended giving the acting charge to the second-in-command,