Aftab Ahmed Islamabad: The Petroleum Division has proposed a nomination for the board of directors Pakistan Petroleum Limited (PPL) in violation of the Companies Act. Therefore, the cabinet has refused to accord its approval. The Petroleum Division had proposed a 10-member new board of directors and chairman for Pakistan Petroleum Limited (PPL). However, during the…
Aftab Ahmed Islamabad: The Federal Cabinet is likely to approve a 10-member new board of directors and Pakistan Petroleum Limited. The Ministry of Energy (MoE), Petroleum Division, has proposed this panel. The Petroleum Division has proposed Shahab Rizvi, newly appointed board of director and possible chair of the Board of PPL and hailed from Sindh….
Aftab Ahmed The Economic Coordination Committee (ECC) on Friday approved a policy guideline to resume the operation of JJVL. The Petroleum Division proposed that Jamshoro Joint Venture Limited (JJVL) should resume production of liquefied petroleum gas (LPG) to increase domestic supply and reduce reliance on imports. LPG imports have increased following an LPG agreement between…
Aftab Ahmed Islamabad: Amid opposition of Petroleum Division and Oil and Gas Development Company Limited (OGDCL), the board of directors of Mari Petroleum approved Faheem Haider as managing director of the company. The Petroleum Division and OGDCL have objected direct hiring of the managing director of Mari Petroleum without following the interview process. Sources told…
Aftab Ahmed Islamabad: The Petroleum Division and Oil and Gas Development Company Limited (OGDCL) have objected direct hiring of managing director of Mari Petroleum without following interview process. Sources told Newztodays.com that the management of Mari Petroleum has set aside the concerns of Oil and Gas Development Company Limited (Ogdcl) and Petroleum division to follow…
Muhammad Afzaal Islamabad: While rejecting current members’ regulators, the selection committee has shortlisted five candidates who have questionable credentials for the post of chairman of Oil and Gas Regulatory Authority (OGRA). The Committee re-constituted by Prime Minister Imran Khan aimed at hiring Chairman OGRA has completed the exercise of interview and finalized 5 names for…
Aftab Ahmed Islamabad: The Cabinet members have opposed a plan of putting a burden of Rs 73 billion on account of diverting expensive RLNG by Sui Northern Gas Pipeline Limited (SNGPL) to domestic consumers in a bid to overcome the gas crisis in the winter seasons. SNGPL faced a revenue shortfall of Rs73.8 billion due…
Aftab Ahmed Islamabad: Director General (DG) audit on petroleum has started a probe against managing director Oil and Gas Development Company Limited–OGDCL–for acquiring idle land in Balochistan at hefty rates. According to media reports, Oil and Gas Development Company Ltd (OGDCL) Managing Director Shahid Saleem had approved to pay a hefty amount to Nawabzada Shazain…
Aftab Ahmed Islamabad: Baboos finally managed on Monday to get their favorite candidate elected as chairman board of directors of Sui Northern Gas Pipeline Limited (SNGPL). Advisor to Prime Minister on Petroleum Nadeem Babar had recommended the cabinet to approve the nomination of Rizwan-Ullah Khan as a possible candidate for chair of SNPGL. Cabinet approved…
Aftab Ahmed Islamabad: The Cabinet has turned down a nomination of Rohi R.Khan and approved the nomination of Rizwan-Ullah Khan for possible chair of the board of Sui Northern Gas Pipeline Limited (SNGPL). Sources told Newztodays.com that advisor to Prime Minister on Petroleum Nadeem Babar did not back Roohi Khan and rather recommended Rizwan-Ullah Khan…