Hascol close to ink Restructuring Agreement with Bankers
Chairman Hascol said that 2021 has been a dramatic year as Board had worked tirelessly to turn the company around.
Chairman Hascol said that 2021 has been a dramatic year as Board had worked tirelessly to turn the company around.
Aftab Ahmed The price of furnace oil has jumped up by Rs 17000 per ton today following demand in the local market and a hike in prices globally. Last month, the price of furnace oil stood at Rs 75,000 per ton before tax that had jumped up to Rs 92000 per ton today in the…
Ibn-e-Ameer Pakistan State Oil (PSO)’ sale of diesel has seen an increase of up to 8% in March 2022. However, some other oil companies have witnessed a decline. But PSO saw a major increase in the sale of diesel during March. PSO is a state-run oil marketing company that is facing a liquidity crunch due…
Aftab Ahmed The personal file of Tariq Rizavi managing director, Pak Arab Refinery Limited (Parco) relating to his appointment goes missing mysteriously from Petroleum Division, causing a delay in appointing a new head of the refinery. Despite a file of the head of Parco goes missing, he has been receiving an extension in his job….
Islamabad: The refinery sector remains in the limelight on the back of incentives provided in the budget for oil refineries in Pakistan. The government has proposed several incentives in the budget for oil refineries in Pakistan to execute up-gradation projects. We expect the refinery sector to remain in the limelight on the back of incentives…
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,…
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…