Tag: Pso
PSO buys 700,000 tonnes of HSFO at higher premium
The Pakistan State Oil (PSO) has purchased 700,000 tonnes of fuel oil for delivery from April to July at more than $7 a tonne...
Alarm bells ring in PSO as international bank questions creditworthiness
Prime Minister Mir Hazar Khan Khoso has been informed that Pakistan State Oil (PSO)’s creditworthiness has been questioned in the global financial market, and...
PSO takes solid steps to make supply chain self-reliant
The Pakistan State Oil (PSO) is taking solid steps to efficiently meet the country’s growing energy needs by making its energy supply chain self-reliant.
Besides...
Financial problems mount pressure on PSO
The public sector oil marketing company – Pakistan State Oil (PSO) – is grappling with financial problems with whopping receivables of over Rs 126...
PSO, Engro join synergies to develop self-reliant energy supply chain
In a bid to diversify its business line, the Pakistan State Oil (PSO) Tuesday signed a Memorandum of Understanding (MoU) with Engro Powergen Limited...
PSO declared defaulter by world market
Pakistan State Oil has been declared defaulter by the world market due to delay in payments under the LC head. World market imposes heavy...
PSO revenue swells by 37pc to Rs 630 billion in 1HFY13
The Board of Management of PSO convened Thursday at PSO House to review the company’s performance over the first half of FY13 ranging from...
PSO receives Rs 10.5b for furnace oil
Ministry of Finance has released Rs 10.5 billion to Pakistan State Oil (PSO), a private TV channel reported. Reports said that the PSO...
PSO receives Rs10.5 billion for furnace oil
Ministry of Finance has released Rs 10.5 billion to Pakistan State Oil (PSO), a private TV channel reported.
Reports said that the PSO has now...
PSO receives Rs10.5 billion for furnace oil
Ministry of Finance released Rs10.5 billion to Pakistan State Oil (PSO), a private TV channel reported.
Reports said that the PSO has now increased...
PSO to stop furnace oil supply to power sector over non...
Pakistan State Oil (PSO) has decided to stop furnace oil supply to the power sector due to non payment of Rs 37 billion debt,...
PM directs cash-strapped PSO to increase oil supply to powerhouses
Prime Minister Raja Pervez Ashraf on Saturday directed the Pakistan State Oil (PSO) to provide additional 7,000 tonnes of oil to the power houses...
Oil theft: NA body issues arrest warrants for MDs of PSO,...
National Assembly’s Legislative Committee on Petroleum and Natural Resources issued arrest warrants of Pakistan State Oil (PSO) and PARCO Managing Directors (MDs) for their...
PSO-PNSC partnership to help save $ 25m annually
Pakistan State Oil (PSO) has recently signed a Contract of Affreightment (CoA) with the Pakistan National Corporation (PNSC) to transport furnace oil from foreign...
PSO goes global
Committee on Petroleum and Natural Resources headed by Senator Mohammad Yousaf visited PSO House Tuesday to review the performance and receive a briefing on...
NA committee summons MD PSO, takes notice of Muzaffargarh oil theft
The National Assembly’s Standing Committee for Petroleum on Monday issued summons for the managing director (MD) of Pakistan State Oil (PSO) to defend himself.
The...
NA body recommends removal of MD PSO
A parliamentary panel on Thursday recommended removal of Pakistan State Oil (PSO) Management Director (MD) Naeem Yahya Mir for his dual nationality and ineligibility...
