Oil
Hascol close to ink Restructuring Agreement with Bankers
News Report Alan Duncan, Chairman of Hascol Petroleum has said that it is nearing the conclusion of negotiations with bankers to strike a restructuring agreement.…
Oil
Oil
The economic shambles & amateur advisories – Oil sector on the verge of collapse
By our Research Team It is easier said than done, a statement the world has heard in many a context, but for Pakistan, it is something…
Oil
ECC to transfer DG Oil’s functions to Ogra
Ibn-e-Ameer Following the oil crisis, the Petroleum Division has proposed to transfer functions of import, demand, and supply of petroleum products to Oil and Gas Regulatory…
Oil
Checking Stocks: Ogra to issue Unique ID to oil retail stations
Ibn-e-Ameer Oil and Gas Regulatory Authority (Ogra) is going to issue a unique ID to each oil retail station to maintain a check on stocks.…
Oil
Vitol’s $89m investment wiped out in Hascol Petroleum
Alan Duncan Chairman Hascol Petroleum Limited congratulates Prime Minister to reverse course on PDC Ibn-e-Ameer The crash in the stock price of Hascol Petroleum Limited (HPL)…
Oil
Maintaining Oil Prices to hit oil industry’s cash flow
Ibn-e-Ameer The government has burdened the oil industry in Pakistan with multibillion rupees by maintaining oil prices. This will put a negative financial impact on…
Oil
Deadlock ends: Pakistan assures IMF to hike oil prices by Rs 4 per liter
Ibn-e-Ameer Pakistan has committed International Monetary Fund (IMF) to increase the oil prices by Rs 4 per liter to end the deadlock. The consumers will…
Oil
Pakistan to build oil strategic reserves
The government has decided to build oil strategic reserves. The Cabinet Committee on energy has tasked Ogra to conduct a study to build strategic reserves of…
Oil
Govt increases diesel price by Rs 12.44 per liter
The government on Saturday increased the price of diesel by Rs 12.44 per liter effective from October 16. It also increased the price of petrol by…
Oil
Byco Petroleum selects Axens to upgrade Projects
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.…