Business & Finance - Fuel and Energy

Asia’s naphtha cracks fall to one week low

Asia’s naphtha cracks fall to one week low

Asia's naphtha crack dropped for a second day on Thursday to one week low of $88.25 a tonne, while the intermonth time spread eased to...

Kuwait, Saudi Arabia agree on restarting Neutral Zone oil production

Kuwait, Saudi Arabia agree on restarting Neutral Zone oil production

OPEC members Kuwait and Saudi Arabia have agreed to resume oil production in jointly-operated fields in the Saudi-Kuwaiti Neutral Zone, Kuwaiti newspapers Al-Qabas and al-Rai...

220kV Nawabshah Substation: Rs 4.489 billion financing may be arranged from ADB

220kV Nawabshah Substation: Rs 4.489 billion financing may be arranged from ADB

Federal government is likely to arrange Rs 4.489 billion foreign financing from Asian Development Bank (ADB) for 220kV Nawabshah Substation. The total cost of the project...

Shale & tight gas: OGDCL, foreign companies to start exploration by end of year

Shale & tight gas: OGDCL, foreign companies to start exploration by end of year

The Oil and Gas Development Company Limited (OGDCL) will start exploration of shale and tight gas in joint ventures with foreign companies by the end...

RLNG-related UfG: PD to move ECC against Ogra’s ‘injustice’ to SSGC

RLNG-related UfG: PD to move ECC against Ogra’s ‘injustice’ to SSGC

The Petroleum Division has decided to approach the Economic Coordination Committee (ECC) against "injustice" of the Oil Gas Regulatory Authority (Ogra) against Sui Southern Gas...

Oil falls as China economic concerns outweigh rising refinery runs

Oil falls as China economic concerns outweigh rising refinery runs

Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for...

Lesco to offer discounted hours to industry soon

Lesco to offer discounted hours to industry soon

Lahore Electric Supply Company (LESCO) is going to offer discounted hours for the industry very soon instead of peak hours. Chief Executive Officer of LESCO Mujahid...

PSO pledges Rs 10 million to LUMS

PSO pledges Rs 10 million to LUMS

Pakistan State Oil Company Limited (PSO), the largest oil marketing company of Pakistan, has pledged Rs 10 million to Lahore University of Management Sciences (LUMS)....

KE plans to invest $3 billion for improving power supply

KE plans to invest $3 billion for improving power supply

K-Electric is working on an investment plan of $3 billion across the value chain to further improve the reliability of power supply in the next...

Wapda chief opposes signing of power acquisition agreement

Wapda chief opposes signing of power acquisition agreement

Chairman Wapda Lt. General Muzammil Hussain (retired) has reportedly opposed signing of power acquisition agreement between Neelum Jhelum Hydropower Company (NJHPC) and CPPA-G, saying that...