Trends - petroleum - Business Recorder

Pakistan

Feb POL sales up 26pc YoY

KARACHI: Total petroleum and lubricant sales clocked-in at 1.40 million tons in February 2021, depicting a...

Updated 03 Mar, 2021 09:40am

BR Research

Petroleum levy below the IMF floor

It was only a matter of time before the government’s ability to continue to tax petroleum products was going to be...

Published 02 Mar, 2021 07:30am

Markets

Hascol EGM approves increase in authorized share capital

KARACHI: The extra-ordinary general meeting (EGM) of Hascol Petroleum Limited on Tuesday granted its approval to...

Published 24 Feb, 2021 05:24am

Editorials

POL products’ prices

EDITORIAL: The federal government’s refusal to raise the price of POL products on the recommendation of the Oil ...

Published 22 Feb, 2021 04:25am

Print

New LNG terminals required to indicate needed capacity

ISLAMABAD: The federal government has reportedly decided that the two new LNG terminals must indicate their...

Published 15 Feb, 2021 04:53am

Print

LSM output up 8.16pc in 1HFY21

ISLAMABAD: The overall output of the Large Scale Manufacturing Industries (LSMI) increased by 8.16 percent in the...

Published 13 Feb, 2021 04:11am

Markets

Norway to supply power from shore to more oil and gas platforms

OSLO: Norway has approved projects to supply power from land to several more offshore oil and gas platforms in order...

Updated 12 Feb, 2021 11:47pm

BR Research

Petroleum taxes: Honeymoon over?

The half year fiscal numbers are out, and the Petroleum Levy (PL) tops the table with the highest year-on-year...

Published 10 Feb, 2021 07:40am

BR Research

Gas circular debt

The power sector circular debt is known to all. But not many eyes are catching another elephant building in the room...

Published 10 Feb, 2021 07:25am

Markets

Oil lifts Saudi shares; other Gulf indexes fall

DUBAI: Saudi Arabian shares surged on Monday as crude prices rose to their highest in just over a year, while the...

Published 09 Feb, 2021 04:43am

Business & Finance

Industrial power plants: Federal govt urged to take notice of gas supply suspension

KARACHI: Industrial community has urged the Federal Government to take immediate notice of suspension of gas supply...

Published 04 Feb, 2021 04:13am

Markets

Oil jumps 2pc, hits highest in a year as producers limit supply

NEW YORK: Oil prices rose more than 2% on Tuesday, reaching their highest in 12 months after major producers showed...

Published 03 Feb, 2021 04:35am

BR Research

Petrol prices: The new headache

It is that time of the year again. Petrol bomb is all over the news. People have apparently been hit by the bomb for...

Published 02 Feb, 2021 07:30am

Markets

OGRA increases price of LPG by Rs10/kg

ISLAMABAD: Following increase in oil prices, the Oil and Gas Regulatory Authority (OGRA) also increased price of the...

Published 02 Feb, 2021 04:29am

Editorials

Talks with IMF

EDITORIAL: The ongoing negotiations with the International Monetary Fund (IMF) are, without doubt, stalled due to ...

Published 01 Feb, 2021 03:39am

Print

Laying of ‘controversial’ gas pipeline in Karachi: Parties asked to appear before Senate body

ISLAMABAD: The Senate Standing Committee on Petroleum has asked officials of Petroleum Division and representative ...

Published 31 Jan, 2021 03:35am

Print

Industrialists meet power sector top brass

ISLAMABAD: The federal government has assured the Karachi based industrialists of continue gas supply to industries...

Published 30 Jan, 2021 03:55am

Print

POL products’ prices likely to go up from Feb 1

ISLAMABAD: The prices of petroleum products in Pakistan are likely to go up from February 1, 2021 in fortnightly...

Published 30 Jan, 2021 03:55am

Markets

Russian oil exports to fall in February on Rosneft cut

MOSCOW: Russian oil exports from its main western Sea ports will fall to multi-month lows as the Kremlin oil ...

Published 28 Jan, 2021 04:40am

World

Libyan oil guards allow work to resume at two main ports

The PFG, a force made up of local groups around Libya tasked with protecting oil facilities, closed down the ports in what it said was a dispute over pay.
An oil engineer at Ras Lanuf said normal work had resumed.

Published 25 Jan, 2021 09:29pm

Business & Finance

Pakistan oil imports decline over 22pc in first half of current fiscal

The imports during December 2020 increased by 6.03 percent in December 2020 when compared to the imports of $777.977mn in November 2020.

Published 19 Jan, 2021 04:10pm

Markets

Australian, NZ shares lower

SYDNEY/WELLINGTON: Australian shares ended lower on Monday, as the emergence of new COVID-19 cases in New South ...

Published 19 Jan, 2021 04:22am

Print

All classes of employment under PPL: Govt decides to extend Act for six months

ISLAMABAD: The Federal Government has decided to extend the Pakistan Essential Services (Maintenance) Act, 1952 to...

Published 19 Jan, 2021 04:22am

Pakistan

Opposition parties reject increase in fuel prices

PESHAWAR: Opposition parties have rejected the increase in price of petroleum products and urged the government to...

Published 18 Jan, 2021 04:10am

Markets

Concern over increase in petroleum prices

KARACHI: The acting president of the Korangi Association of Trade and Industry (KATI), Nighat Awan, has expressed ...

Published 17 Jan, 2021 04:13am

Business & Finance

Petroleum Division open bids for 20 Onshore Blocks

Apart from E&P activities, the successful companies will also spend over USD 1.3 million in social welfare for the areas of their respective Blocks.
Meanwhile, for blocks that have made discoveries, investments of several hundred million dollars will be made by these companies to develop the production.

Published 16 Jan, 2021 12:32pm

Business & Finance

OGRA proposes price hike in POL products

The final decision on the prices of petroleum products will be taken by the Ministry of Finance in consultation with the Prime Minister.

Published 14 Jan, 2021 02:03pm

Markets

Petroleum and energy projects: Pakistan, Saudi Arabia discuss JVs

ISLAMABAD: Ambassador of Saudi Arabia to Pakistan Nawaf bin Saeed Ahmed Al-Maliki on Wednesday called on Minister ...

Published 07 Jan, 2021 03:15am

Markets

Egypt keeps domestic fuel prices unchanged in Q1

Fuel prices were also kept stable in October at the previous meeting of the pricing committee.

Published 06 Jan, 2021 05:08pm

Pakistan

Govt releases Rs1,329.928 million for eight petroleum sector projects till Dec 11

According to the official data, the government has authorized/disbursed an amount of Rs. 1,329.928 million for the projects as of December 11.

Published 18 Dec, 2020 05:41pm