Category: Oil and Gas
Secretary Petroleum briefs Prime Minister on gas situation
Islamabad: Prime Minister Syed Yusuf Raza Gilani has directed the Ministry of Petroleum and Natural Resources to take immediate steps to resolve the issues of gas supply to both domestic and industrial sectors. The Prime Minister gave these directions while chairing a meeting on LNG and gas import in the Prime Minister’s House today. Speaking [...]
24-hour CNG shutdown announced in Sindh and Balochistan
Karachi: In view of the continuing gas shortage and as per the recent ECC decision, it has been decided to shut down gas to the CNG stations in Karachi, interior Sindh and Balochistan for 24 hours from 9 am on Wednesday, December 21 till 9 am on Thursday, December 22, 2011. The decision to discontinue [...]
Pakistan Petroleum Limited declared largest corporate giver for 7th consecutive year
Karachi: Pakistan Petroleum Limited (PPL) was declared the largest corporate giver by total volume of donations for 2010 at the Corporate Philanthropy Awards hosted by Pakistan Centre for Philanthropy in Karachi on December 15. The company bagged the award for the seventh consecutive year in the same category. Governor, State Bank of Pakistan Yaseen Anwar [...]
European Union Trade Concessions Package: Technical Problems
Karachi: Much has been written about the proposed EU trade concessions package of 75 items to Pakistan. The package was announced in September 2010 by the EU after devastating floods and is pending at the WTO level for over than a year due to objections raised India, Bangladesh, Brazil Peru and Indonesia. Although India has [...]
Ministry of petroleum to conduct raids on CNG pumps providing gas to vehicles with sub-standard CNG kits / cylinders
Islamabad: While taking serious notice of the recent incidents of blazed vehicles wherein huge loss of life occurred, Secretary Petroleum and Natural Resources, Muhammad Ejaz Chaudhry has directed to conduct raids on CNG pumps that provide gas to vehicles that are installed with sub-standard CNG kits / cylinders. He stated this while chairing an urgent [...]
CNG stations to remain close for 20 hours
Karachi: In accordance with the Federal Government’s Gas Load Management Plan, SSGC has decided to shut down gas supplies to the CNG stations in Karachi and Interior Sindh from 11 pm on Thursday December 8 till 5 pm on Friday December 9, 2011. The decision to close down CNG stations for 20 hours was taken [...]
Petroleum Products Prices Effective from June 01, 2011
Islamabad: Federal Government, in pursuance of ECC decision of October 06, 2010, has deregulated the ex-refinery/ex-depot prices of Motor Spirit, HOBC, LDO and Jet fuels (JP-1, JP-4 and JP-8) w.e.f. June 01, 2011. The Oil and Gas Regulatory Authority (OGRA) will, however, continue to compute/notify ex-refinery prices of HSD and Kerosene including ex-depot prices of [...]
Karachi Electric Supply Company condemns cut in gas supply, demands Government to resolve circular debt issue
Karachi: Karachi Electric Supply Company has strongly condemned the unilateral reduction in gas supply to the power generation plants by SSGC resulting in production going down and forcing it resort to load shed in the usually-exempt Industrial Zones apart from the enhanced load shedding hours in residential and commercial areas. KESC demanded of the government [...]
Privatisation Commission Board Briefed On Secondary Public Offering of Pakistan Petroleum Limited
Islamabad: The Board of Privatisation Commission (BPC), which met here under the chairmanship of Federal Minister of Privatisation Mr. Ghous Bux Khan Mahar, was briefed regarding the upcoming Secondary Public Offering (SPO) of Pakistan Petroleum Limited (PPL) here today. The Board directed PC to obtain approval of the transaction structure and other related issues for [...]
Pakistan State Oil registers after tax profits of Rs 2.5bn
Karachi: The Board of Management of Pakistan State Oil (PSO) convened on Monday at PSO House to review the company’s performance over the first quarter period from July 2011 to September 2011. In the period under review PSO sales revenues grew to Rs. 279 billion representing a growth of 38% over the same period last [...]
New prices of Petroleum products
Islamabad: Federal Government, in pursuance of ECC decision of October 06, 2010, has deregulated the ex-refinery/ex-depot prices of Motor Spirit, HOBC, LDO and Jet fuels (JP-1, JP-4 and JP-8) w.e.f. June 01, 2011. The Oil and Gas Regulatory Authority (OGRA) will, however, continue to compute/notify ex-refinery prices of HSD and Kerosene including ex-depot prices of [...]
Oil and Gas Regulatory Authority inspected Complaint Centres of Gas Companies
Islamabad: Oil and Gas Regulatory Authority (OGRA) is always striving to ensure the provision of efficient services by gas companies to their consumers. In this regard OGRA has issued instructions to both Sui Southern Gas Company Limited (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL) to attend consumer complaints regarding bills, defective meters and new [...]
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