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.
Ibn-e-Ameer Byco Petroleum has selected Axens to upgrade Project Phases I, II, III. The up-gradation is likely to complete I, II & III in Q2 2024. Axens will make advanced technical solutions available for Refinery to achieve Euro V gasoline and diesel specifications. The refinery is working to integrate three existing units into a Cracked…
FIA corporate circle Karachi asks PSO to provide all records of agreements Aftab Ahmed Islamabad: Federal Investigation Agency (FIA) has initiated an enquiry against the jet fuel supplier of the North Atlantic Treaty Organization (NATO) in Pakistan. Pakistan and the US had made arrangements for jet fuel supply to NATO forces when the latter attacked…
Aftab Ahmed Islamabad: The Power Division has placed a huge demand of 2.7 million tons of furnace oil due to higher usage in power plants for the period till October 2021 and wants oil marketing companies (OMCs) in Pakistan and refineries to fill this demand. The demand for furnace oil has been higher due to…
Ibn-e-Ameer The government will contribute 26 percent of funds to finance the up-gradation projects of existing refineries in Pakistan in the new proposed Policy 2021. Sources told Newztodays.com that Petroleum Division had moved a revised summary to the cabinet committee on energy (CCoE) for approval. Earlier, the petroleum division had tabled a summary before CCoE…
Aftab Ahmed Shell Oil Company has again exceeded its sale target of high-speed diesel (HSD) and beats the country’s largest state-run marketing company Pakistan State Oil (PSO) during the first two weeks of the ongoing month of June 2021. However, the sale of PSO is also up by 22 percent during the period under review….
Aftab Ahmed Islamabad: The oil import of Pakistan relies on Middle East Countries which needs diversification. PSO board of directors has approved the petrol import from Azerbaijan on deferred payment worth $300 million annually. Sources told Newztodays.com that Pakistan and Azerbaijan had already signed a Memorandum of Understanding (MoU) for crude oil import, refined petroleum…