Oil
Lobbies at work to handicap Pakistan’s Refining Strategic Assets
Ibn-E-Ameer ‘However beautiful the strategy, you should occasionally look at the results’ said once by the great Winston Churchill, but sadly the results and outcome are…
Oil
Oil
High Inventory: APL to gain from raise in oil prices
News Report Attock Petroleum Limited (APL) may be a major beneficiary of the rise in oil prices which is currently maintaining oil inventor levels for 30…
Oil
Refineries’ furnace oil sale to rise due to higher LNG prices
Aftab Ahmed The sale of furnace oil is likely to gain momentum following a record increase in prices of LNG across the world. Pakistan has two…
Oil
PSO edging closer to financial collapse
Ibn-e-Ameer It is poor management, inefficiency, or government intervention; whatever you call it, Pakistan State Oil (PSO) is edging towards financial collapse due to circular debt.…
Oil
Govt on path of conducting refineries’ deemed duty audit
Ibn-e-Ameer Islamabad: Amid conflicting figures of deemed duty, the government is moving towards conducting an audit of the deemed duty oil refineries have collected in Pakistan…
Oil
Refineries Policy: No import duties, sales tax on crude import
Ibn-e-Ameer The government has exempted oil refineries from import duties and Sales Tax on import of Petroleum Crude oil with effect from July 1, 2022. Refineries…
Oil
Govt to finance 26% in refineries upgradation projects
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…
Oil
FIA to fix main OMCs involved in Oil Crisis 2020
Ibn-e-Ameer Federal Investigation Agency (FIA) is going to fix the main culprits of oil marketing companies (OMCs) in Pakistan involved in the oil crisis. Oil companies…
Oil
Shell oil company Posts a profit of Rs 2.1 billion
Shell Pakistan, an oil marketing company has posted a profit of Rs 2.1 billion after-tax, turning it into profit-making. It had recorded a loss of Rs…
Oil
Senate body asks to put Hascol’s officials’ names on ECL
News Desk Members of the Parliamentary Panel want the government to put names of Hascol Petroleum officials on ECL for an alleged fraud of over Rs…