Posts tagged as: PSO

Pakistan gas production increasing – Oil and gas news update

According to Pakistan Petroleum Information Services (PPIS), Pakistan’s gas production has increased to 4,339mmcfd by March from 4,011mmcfd in June 2011. Similarly, oil production has jumped to 72,411bpd in March from 65,659bpd in June 2011. The Oil and Gas Development Company Limited (OGDCL) is leading the industry volume growth as a renewed focus of management […]

Afghanistan decides to quit TAPI project – Pakistan oil and gas news – part 3

Afghanistan decides to quit TAPI project – Pakistan oil and gas news – part 3 Russian expressed its keen interest to finance the billion-dollar IP gas pipeline project, when Foreign Minister Hina Rabbani Khar was on a four-day visit to Moscow in February 2012, however Russian energy giant Gazprom linked this offer with awarding contract […]

Afghanistan decides to quit TAPI project – Pakistan oil and gas news – part 2

Afghanistan decides to quit TAPI project – Pakistan oil and gas news – part 2 An official of the Petroleum Ministry said that under the GSPA Pakistan was likely to pay 70 percent of crude oil price in international market. The federal government has also decided to avail the offer of financial and technical support […]

Afghanistan decides to quit TAPI project – Pakistan oil and gas news – part one

Afghanistan decides to quit TAPI project – Pakistan oil and gas news – part one ISLAMABAD: Afghanistan has decided to opt out of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project and if Afghanistan does, then its share of 500 million cubic feet per day (mmcfd) gas will be distributed between Pakistan zand India. This was stated by […]

Industrial Batch dryer overview

Industrial Batch dryer overview A wide range dryer designs are available that can be used to dry the product cream out of the separators. Batch dryers e.g. tray and tunnel dryers are normally used where the relatively small scale production is required, that is the duty of the dryer is not high. It uses direct […]

Parco suspends supply of jet fuel to PSO

Parco suspends supply of jet fuel to PSO Thursday, March 22, 2012: The supply of jet fuel to PSO (Pakistan State Oil) has been suspended by Parco (Pak-Arab Refinery Company). If the problem persists, airports in the province of Punjab will suffer from worst fuel crisis in years. An unanimous official of the Ministry of […]

OGRA will be saving millions of dollars from Gas Act 2011

OGRA will be saving millions of dollars from Gas Act 2011 PAKISTAN – In an attempt to overcome gas losses causing billions worth of damage to the over burdened consumers, Oil and Gas Regulatory Authority (Ogra) has finally resolved revolutionary measures by keeping gas theft related matter at cove in the upcoming years.   It […]

Shell Petroleum profits plunges by 44 percent

Shell Petroleum profits plunges by 44 percent Karachi (Wednesday, March 7, 2012): Shell Petroleum, which is second largest oil marketing company, has seen its profits dip in Pakistan by an amount of Rs906 million (or 44 percent) during the year 2011. The sudden plunges in the profits are caused by the growing receivables that have […]

Government to attract investment in renewable energy sector

Government to attract investment in renewable energy sector Tuesday, March 6, 2012: The Government is considering waiving off duties on imports of parts of renewable energy plants. The government is looking to attract investment in the renewable energy sector and for the very reason has come out with this proposal. Such a step by the […]

PSO half-yearly profits takes a plunge

PSO half-yearly profits takes a plunge Friday, February 10, 2012: PSO (Pakistan State Oil) half-yearly profits for the fiscal year, July 2011- June 2012, took a plunge. This fall in half-yearly profits took the market by surprise as the market expected much higher returns than those revealed by PSO. The company also failed to declare […]

Defaulters get continuous power supply

Defaulters get continuous power supply The power distribution companies have failed to cut supply of their potential defaulters, who owe them an enormous sum of Rs98 billion. Instead, these defaulters are getting nonstop power supply. An executive of the Ministry of Water and Power told that power companies are expected to cut supply of defaulters, […]

PEPCO liabilities crosses Rs400 billion mark

PEPCO liabilities crosses Rs400 billion mark Tuesday, January 24, 2012: Pakistan Electric Power Company (PEPCO) sinks deeper into debts, as the outstanding liabilities of the government owned firm crossed the Rs400 billion mark. The aforementioned figures were confirmed by Rasul Khan Mahsud, the managing director of PEPCO and the National Transmission and Dispatch Company (NTDC). […]

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