ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 19th Apr, 2021 ) :Oil and Gas Regulatory Authority (OGRA) on Monday held a virtual public hearing on petitions seeking licences for construction and establishment of Liquefied Natural Gas (LNG) re-gasification terminals including all allied facilities at Port Qasim, Karachi. The hearing was conducted by OGRA chairman Masroor Khan via video-link…
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Mari Petroleum’s profit fell 17.95% to Rs6.96 billion in the quarter ended March 31, 2021 owing to exchange rate losses as Pakistani rupee appreciated by Rs7 against the US dollar in the third quarter of fiscal year 2020-21. According to a notice sent to the Pakistan Stock Exchange (PSX) on Monday, the oil exploration firm had reported a profit of…
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The government has decided to establish an appellate tribunal by amending the Oil and Gas Regulatory Authority (Ogra) Ordinance 2002 in order to give provinces representation in dealing with disputes in the oil and gas sector. The tribunal will comprise members from provinces, will work as a court and will have powers as vested in such a court under the…
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Report of the Inquiry Commission on Shortage of Petroleum Product in Pakistan
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After initially excluding it from the list of attendees, the US has invited Pakistan to President Joe Biden’s Climate Change Conference, Geo.tv reported on Monday. Following Pakistan’s initial exclusion from the summit, Prime Minister Imran Khan had responded by saying he was “puzzled at the cacophony”. “[Pakistani] government’s environmental policies are driven solely by our commitment to our future generations of a…
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According to the notification to the PSX, the company booked a profit of Rs. 5.74 billion, increasing by a massive 907 percent or 9.07x compared with Rs. 570.76 million profit earned in Q1 2020. The earnings were above the market expectations due to better DAP trading margins and lower finance costs. According to a report by Foundation Securities, the increase…
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Prime Minister Imran Khan Monday said the whole Muslim world’s collective voice and threat for trade boycott could put a stop to blasphemy as protest demonstrations would damage nothing but Pakistan’s booming economy. Will expulsion of the French ambassador and cutting ties with them will stop this (blasphemy)? Is there any guarantee that no one will do it again? I…
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Federal Minister for Information and Broadcasting, Chaudhry Fawad Hussain on Sunday categorically stated that no talks would be made with lawbreakers and defunct organizations challenging the writ of the state. The workers of TLP had been involved in attacking Nawan Kot police station and abducting police personnel, he said talking to a private television channel. The defunct organization could not…
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LAHORE: The dispute between the state-owned gas companies and sponsors of the two proposed private LNG terminals — Tabeer and Energas — over pipeline capacity allocations for the projects will likely linger for a much longer period than anticipated by the investors. While the investors are looking for firm commitments from Sui Sothern Gas Company (SSGC) and Sui Northern Gas…
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NTDC Headquarter, WAPDA House Lahore (18 April 2021) In pursuits of early completion of its projects, the National Transmission & Despatch Company Limited (NTDC) has completed 04 more 500 kV transmission line circuits for evacuation of electricity from power plants located in southern parts of the country. The transmission line circuits have been connected with HVDC Converter Station at Matiari.…
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