SSGC turns to be top OGDCL’s defaulter

    By NewzTodays Editorial Team | November 8, 2020

    Aftab Ahmed Amid the corona economic crisis, Sui Southern Gas Company (SSGC) turns to be a top defaulter of Oil and Gas Development Company Limited (OGDCL) with Rs 192.4 billion dues pending for a long. Gas companies, Uch Power plants, and refineries have trapped OGDCL in Rs 400 billion circular debt. The management of the…

    Cabinet okays unbundling of SNGPL, SSGCL

    By NewzTodays Editorial Team | November 6, 2020

    Aftab Ahmed Unaccounted for Gas (UFG) means losses on account of gas theft and leakages. Cabinet finally approves the splitting of two public sector gas utilities to control UFG. Pakistan has a monopoly of two public sector gas utilities-Sui the Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL). UFG The UFG…

    Looming Gas Crisis and Solutions

    By NewzTodays Editorial Team | September 27, 2020

    Aftab Ahmed As the country is said to face a worsening gas crisis in the winter season, imported gas may be a solution to minimize gas consumers’ miseries. During the last two winter seasons, the government had overcome the gas crisis. Still, it led to a rise in circular debt by Rs 73 billion due…

    Cabinet approves new board PPL

    By NewzTodays Editorial Team | September 17, 2020

    Aftab Ahmed Islamabad: Cabinet has approved the nomination of directors and Shahab Rizvi as possible chair of the board of Pakistan Petroleum Limited (PPL). Earlier, the cabinet had refused to approve the petroleum division’s nominations for the board of directors and chairman of PPL. In a new development, the cabinet has approved a new board…

    PPL: A rich legacy rejuvenated

    By NewzTodays Editorial Team | September 17, 2020

    News Desk Karachi: Pakistan Petroleum Limited (PPL), a frontline Exploration and Production (E&P) company for seven decades, has played a key role in providing energy for the country with a current contribution of more than 20 percent to national gas supplies. “The company’s over 100-year rich history is linked with its predecessor and major stakeholder,…

    Country moving towards massive gas crisis

    By NewzTodays Editorial Team | September 9, 2020

    Our Correspondent Islamabad:  Warning massive gas load shedding in the coming years, the federal government has decided to convince the provinces to surrender the first right to using gas. This will put the burden of expensive imported gas on the consumers using domestic gas in the weighted average. Prime Minister Imran Khan will chair a…

    PD proposes nomination of questionable PPL board

    By NewzTodays Editorial Team | September 7, 2020

    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…

    Cabinet to approve reconstituting PPL board

    By NewzTodays Editorial Team | August 31, 2020

    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….

    Policy guideline approved to resume JJVL operation

    By NewzTodays Editorial Team | August 21, 2020

    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…

    Faheem Haider to head Mari Petroleum

    By NewzTodays Editorial Team | August 10, 2020

    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…