NEPRA has modified the tariff for cold storages engaged in processing, value addition, and long-term preservation will be placed under the industrial tariff. However, those used only for short-term retail storage will remain under the commercial tariff. The Authority has modified its earlier decision after reviewing petitions, submissions from stakeholders, and input from finance and…
The speculation of signing a circular debt deal on Tuesday pushed the stock prices of energy companies upwards. Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and Pakistan State Oil Limited (PSO) have performed well and led to rising prices of shares on the stock market. The Energy sector garnered investors’ interest,…
The board of directors of Sui Southern Gas Company Limited (SSGC) has been operating without a permanent, elected body since October 2022, reflecting one of the most prolonged governance crises in Pakistan’s energy sector. This is despite the fact that the Petroleum Division had asked the company to appoint a new board of directors. The…
Aftab Ahmed PSO’s 2020 equity swap plan for Guddu, Nandipur plants never took off; circular debt still haunts Pakistan’s energy sector despite privatization moves Pakistan State Oil (PSO) had once planned to get stakes in Guddu and Nandipur Plants to receive its dues from the power sector in 2020. However, that plan had not been…
Islamabad: The Oil & Gas Development Company Limited (OGDCL) — Pakistan’s largest state-run oil and gas explorer, has shifted its focus on optimizing oil and gas production to address the issue of the energy crisis in Pakistan. Though the past management has been facing controversies over high perks and luxury car imports, the current management…