Oil
Oil companies: PD places 2.7m tons furnace oil demand
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…
Oil
Oil
PSO board okays deal with Azerbaijan
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…
Oil
PSO, Parco to build oil pipelines, terminal
Aftab Ahmed Islamabad: Oil pipelines are sustainable options to transport oil across the country. Pakistan State Oil (PSO) and Pak Arab Refinery Limited (Parco) have signed…
Oil
Oil Stocks: PSO to make inventory gains
Abn-e-Ameer Pakistan State Oil (PSO) is likely to make dividends with higher oil stocks following a possible hike in prices effective from May 1, 2021. Oil…
Oil
PSO posts Rs 18.2b profit in 9MFY21
PSO outpaces energy market despite facing challenges of circular debt and Pandemic Aftab Ahmed Islamabad: Pakistan State Oil (PSO) outpaces the energy market. It makes a…
Oil
Byco profit swells to Rs. 2.17b
Byco Petroleum Pakistan Limited’s gross profit more than quadruples, displaying strong growth by jumping up 4.5 times (YoY) to PKR 5.47 billion for 9 months of…
Oil
Pakistan presses Saudi Arabia to renew Refinery plan
Aftab Ahmed Islamabad: Pakistan has pressed Saudi Arabia to renew its plan of setting up a $10 billion refinery in Balochistan. Earlier, Saudi Arabia had shelved…
Oil
Businessmen consortium to buy Abraaj stake in Byco
Aftab Ahmed Islamabad: Local leading businessmen’s consortium is set to buy 22 per cent stakes of Abraaj Group in Byco refinery in Pakistan. Sources told Newztodays.com that…
Oil
Tax Evasion: FBR starts audit of OMCs
Aftab Ahmed The Federal Board of Revenue (FBR) has started an audit of Oil Marketing Companies (OMCs) to find out tax evasion. The FBR will complete…
Oil
PSO to set up SPM to transport imported oil
PSO may emerge as a competitor to Byco after setting up SPM Aftab Ahmed The federal government has directed Pakistan State Oil (PSO) to explore the…