PSDF, PARCO sign MoU to provide technical training LAHORE: Punjab Skill Development Fund (PSDF) and Pak-Arab Refinery Company Ltd (PARCO) have signed MoU under which... Published 24 Jul, 2023 06:56am
Business & Finance Govt negotiating second cargo of discounted Russian crude ISLAMABAD: The State Minister for Petroleum, Dr Musadik Malik, on Wednesday said that talks with Russia are... Updated 13 Jul, 2023 09:11am
Markets Pakistan’s PARCO issues fuel oil sales tender for July SINGAPORE: Pakistan’s Pak-Arab Refinery Limited (PARCO) has offered fuel oil for July loading in its latest tender,... Published 05 Jul, 2023 11:52am
Print LNG deal with Azerbaijan to help end gas crisis by next winter: Musadik ISLAMABAD: State Minister for Petroleum Musadik Malik Wednesday assured that Pakistan’s Liquefied Natural Gas (LNG)... Updated 22 Jun, 2023 08:59am
Pakistan Jazz joins CoRe Alliance to advance climate commitment ISLAMABAD: Jazz has announced joining the Collect and Recycle (CoRe) Alliance to advance its climate commitment.... Published 07 Jun, 2023 06:05am
Markets PARCO team meets Sindh energy minister KARACHI: A three-member delegation of Pak Arab Refinery Limited (PARCO) Wednesday met with Sindh Energy Minister... Published 04 May, 2023 04:26am
Print Russian oil: govt places single cargo order as test case ISLAMABAD: Pakistan has placed its first order for discounted Russian crude oil under a new commercial deal struck... Updated 21 Apr, 2023 08:51am
Markets OGDCL, PARCO ink MoU on new projects ISLAMABAD: Oil & Gas Development Company Limited (OGDCL) and PARCO ink an MoU for new projects, as part of... Published 15 Apr, 2023 06:19am
Markets Parco shuts refinery for five days for maintenance ISLAMABAD: Pak-Arab Refinery Ltd temporarily shut down its refinery operations for five days as part of its ... Published 07 Apr, 2023 06:06am
Markets ‘Scheduled maintenance’: PARCO shuts down refinery for 5 days Shutdown not expected to disrupt supply of petrol and diesel in Pakistan, it says Published 06 Apr, 2023 05:08pm
Markets MoU signed to explore, pursue green hydrogen opportunities ISLAMABAD: Leading exploration and production (E&P) companies, Oil and Gas Development Company Limited (OGDCL),... Published 30 Mar, 2023 06:35am
Markets PARCO pipeline made operational after leakage KARACHI: An oil leakage occurred at the Pak Arab Refinery Limited (PARCO) pipeline near Shah Latif Town, Karachi on... Published 13 Mar, 2023 07:27am
Markets Mubadala Energy, OMV and PARCO sign MoU KARACHI: Mubadala Energy, the Abu Dhabi-based international energy company, has announced the signing of a ... Published 20 Jan, 2023 06:10am
Sports 7th PARCO T20 cricket tournament opens KARACHI: After completion of six successful editions of Pak-Arab Refinery Ltd (PARCO) T20 Cricket Tournament, the... Published 09 Jan, 2023 06:01am
Markets Ogra asked to examine demand for furnace oil by power sector, industry ISLAMABAD: Directorate General of Oil (Petroleum Division) has requested Oil and Gas Regulatory Authority (Ogra) to... Published 25 Nov, 2022 06:59am
Print Furnace oil: Slow upliftment may lead to closure of refineries ISLAMABAD: Pakistan State Oil (PSO) and local refineries have raised serious concerns on slow upliftment of furnace... Updated 05 Nov, 2022 11:37am
Markets Saudi deferred payment facility: Country imports $100m oil in September ISLAMABAD: Pakistan imported petroleum products worth $100 million on deferred payment basis under the Saudi oil... Updated 23 Oct, 2022 05:23pm
Markets Govt makes a move towards Russian crude import, urges refineries to furnish analysis Development comes after Prime Minister Shehbaz Sharif-led coalition government had started weighing possibility of importing oil and gas from Russia to meet the country’s energy requirements Updated 29 Jun, 2022 06:31pm
Business & Finance During 2022: Pakistan to import 32.7mn barrels of crude under Saudi Fund Programme Pak-Arab Refinery Company Limited and National Refinery Limited are planning to import 16.89 and 15.81 million barrels, respectively Updated 05 Apr, 2022 07:37pm
Markets Saudi oil facility :First oil tanker to arrive this month: minister ISLAMABAD: First oil tanker under Saudi oil facility to arrive in the 3rd week of March 2022, said Omar Ayub Khan,... Published 03 Mar, 2022 04:39am
Supplements PARCO – Providing Energy with Responsibility TEXT: On 11 October, 1947, while addressing the Civil, Military and Air Force Officers, Quaid-e-Azam Muhammad Ali... Published 26 Dec, 2021 03:57am
Supplements PARCO – Energy Lifeline for the Nation TEXT: Joint Ventures (JVs) have historically seen both success and failures. However, it has become clear to many... Published 02 Dec, 2021 03:57am
Print Deemed duty audit: Petroleum Division gives refineries a clean chit ISLAMABAD: Petroleum Division has cleared refineries from any wrongdoing in deemed duty, saying that they have spent... Updated 19 Nov, 2021 09:49am
Print Petroleum products’ import on deferred payment: Pakistan gets Murabaha facility ISLAMABAD: Pakistan has secured International Islamic Trade Finance Corporation (ITFC) Murabaha Financing Facility ... Updated 05 Nov, 2021 10:00am
BR Research Refinery policy – negotiations must go on The dilly dally on refinery policy is on-going. In the haste of budget meeting by the new team (both at petroleum ... Published 15 Sep, 2021 07:30am
Print Incentives for refineries not approved by CCoE ISLAMABAD: The Cabinet Committee on Energy (CCoE) is said to have not approved incentives for the refineries due to... Updated 14 Sep, 2021 10:26am
Print Irteza Qureshi made DMD PARCO ISLAMABAD: Appointment of Irteza Qureshi as new Deputy Managing Director (DMD) of the Pak Arab Refinery Limited... Published 21 Aug, 2021 02:45am
Print LPG taxes, duties: Stakeholders to meet today ISLAMABAD: The Petroleum Division has called a consultative meeting of stakeholders on Sunday (July 11) to take... Published 11 Jul, 2021 05:26am
Print Three-year framework: Pakistan, IITFC sign $4.5bn agreement ISLAMABAD: The International Islamic Trade Finance Corporation (IITFC) signed a 3-Year Framework Agreement for a... Updated 29 Jun, 2021 08:35am
Markets PSO enters into strategic partnership with PARCO, PAPCO KARACHI: Pakistan State Oil (PSO) has signed multiple infrastructural MoUs of strategic importance with Pak Arab... Published 03 May, 2021 04:39am