Oil
FIA raids OGRA office to confiscate OMCs record
Aftab Ahmed Islamabad: The Federal Investigation Agency—FIA—has confiscated records at OGRA about the countrywide oil crisis this June. The FIA team also remained at the headquarter…
Oil
Oil
Shahid Khan to head Parco
Aftab Ahmed Islamabad: The Cabinet on Tuesday approved Shahid Mehmood Khan as the new head of Parco, Shahid Mehmood Khan – is already working in PARCO…
Gas
Faheem Haider to head Mari Petroleum
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…
Gas
Petroleum and OGDCL object MD Mari hiring
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…
Oil
CEO Shell Pakistan admits OMCs manipulation
Aftab Ahmed Islamabad: Chief Executive Officer (CEO) Shell Pakistan Haroon Rashid has admitted the manipulation of Oil Marketing Companies (OMCs) through small traders and dumping products…
Oil
ECC approves fortnightly oil pricing mechanism
Aftab Ahmed Islamabad: The Economic Coordination Committee (ECC) on Tuesday approved a fortnightly oil pricing mechanism based on Platts average. The sub-body of ECC recommended fortnightly…
Gas
Sitting Members rejected for chairman OGRA
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…
Oil
PM office okays three candidates for MD Parco
Aftab Ahmad Islamabad: Prime Minister Imran Khan has given the go-ahead to submit a summary with two names in a race for new head Pak Arab…
Oil
OGRA officials among candidates in race for Chairman
Aftab Ahmed Islamabad: A high-powered selection committee under the chair of newly re-designated Advisor to Prime Minister on Interior, Shehzad Akbar along with his five-member team…
Oil
Is HASCOL’s loss of Rs25 billion in 2019 engineered?
Aftab Ahmed Islamabad: Hascol Petroleum Limited (HASCOL) has reported loss due to a massive decline of volumes as a result of regulatory tightening by PSO. HASCOL…