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…
Aftab Ahmed Islamabad: LNG is a sweet business for LNG terminals operators, operators, power plants and even shipping companies when it comes to making money on account of capacity payments and demurrages. The consumers are on losing end. It was PSO at fault that it failed to offload the ship of RLNG that resulted in…
Islamabad: The Economic Coordination Committee (ECC) also took up a proposal by the Ministry of Industries and Production. Submitted that as per the data furnished by National Fertilizer Development Centre (NFDC), the national inventory for Urea fertilizer would be below the buffer stock level of 200,000 metric tonnes in the months of December 2020…
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…
Aftab Ahmed The Federal Cabinet has approved the appointment of Masood Nabi as Managing Director (MD) Government Holdings (Private) Ltd–GHPL Pakistan. Masood Nabi has vast experience in the E&P industry and government has appointed him now as MD GHPL Pakistan. Earlier, he has worked as Executive Director (ED) Oil and Gas Development Company Limited (Ogdcl)…
Aftab Ahmed The National Accountability Bureau (NAB) has started an inquiry against the top officials in the Petroleum Division of Ministry of Energy for misusing the authority and loss to the national exchequer in different cases relating to the oil and gas exploration sector along with importing and production of gas. The NAB, an apex…
Aftab Ahmed As the company is facing chaos for a long due to the absence of a regular head, four potential candidates are in a race of heading state-run oil and gas explorer Pakistan Petroleum Limited (PPL). Since 2018, there has been no permanent head of PPL. The previous government of PML-N had appointed Syed…
Aftab Ahmed The Privatization Division on Thursday decided to move a summary to Economic Coordination Committee (ECC) to de-cap dividends of Mari Petroleum Company before offering shares to investors. In a meeting held in the Privatization Division chaired by Federal Minister for Privatization Mohammed Mian Soomro took up the matter of de-capping of dividends of…