LAHORE: Electricity produced from LNG will add to problems of the power sector, as cost of such electricity will be higher than that produced by furnace oil, maintains a Fact Sheet issued by the Institute for Policy Reforms here on Monday...
However, based on the estimated price paid for recent import of 147,000 cubic feet, cost of power from LNG would be higher than that produced from furnace oil...
ISLAMABAD: Amid grim supply challenges following topped up storages, the government is likely to impose an immediate ban on import of furnace oil and ask some of the oil-based power plants to lift some stocks for easing pressure on refineries...
This comes at a time the country’s largest refinery – Byco Refinery – was compelled to closed down its major refining plant of 120,000 tonnes capacity and all other refineries running at...
ISLAMABAD: The federal government announced on Thursday an increase in General Sales Tax (GST) applied on furnace oil, for the current month’s revision of fuel prices...
Petrol and high speed diesel are the two major products that generate most of the revenue in the oil sector...
ISLAMABAD: Amid continuing challenges at the second Liquefied Natural Gas (LNG) terminal, the government has decided in principle to ensure simultaneous lifting of domestic and imported furnace oil for power plants to ease jet fuel challenges...
A broad understanding to this was reached on Monday after a series of meetings among the stakeholders – power and petroleum divisions and the oil industry – and is subject to approval by Prime...
ISLAMABAD: After a three-month moratorium, the government has ordered the state-run Pakistan State Oil (PSO) to arrange import of 180,000 tonnes of furnace oil for the power sector...
The PSO has been asked to order three shipments of furnace oil, each containing 60,000 -65,000 tonnes, to meet fuel requirements of power plants, particularly in Karachi...
ISLAMABAD: Expressing dissatisfaction over the electricity generation planning and its fuel mix, the Cabinet Committee on Energy (CCoE) on Wednesday ordered immediate lifting of furnace oil from refineries and a 6-month plan envisaging all fuel requirements within a fortnight...
Informed sources told Dawn that the Power Division made a presentation on overall power generation capacity, its dependence on various fuels including furnace...
The power utility said it is facing challenges on account of furnace oil shortfall, which is compromising the generation capability at its furnace-oil fired 1,250MW Bin Qasim Station...
“K-Electric’s daily furnace oil requirement is close to 4,500 tonnes per day, while at present we are receiving only around 1,500 tonnes daily...
K-Electric (KE) on Thursday attributed the prolonged power outages in the metropolis to a shortage of furnace oil, as lawmakers in the National Assembly questioned the role of the power utility...
"Furnace oil is not available in the market to the level required, resulting in up to 800 mt shortfall daily...
One worker of a private steel mill was killed while 14 others received burns on Wednesday due to an explosion in the factory's furnace unit in Khyber Pukhtunkhwa's Haripur district...
According to DawnNews sources at the mill said that a large piece of rope fell into the steel melting pot in furnace unit and caused the chemical to splash, resulting in the initial burns to the victims...
FAISALABAD: Sahianwala police took a Chinese engineer into custody on charges of pushing a worker into a furnace following a row at a factory in industrial area here on Wednesday...
They alleged that following exchange of words, the Chinese engineer deliberately pushed a worker, Shehroz, into a three-foot deep furnace...
BAGHDAD: The global oil market is improving and stabilising, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday...
In a speech at the opening of the Baghdad International Exhibition, Falih praised the cooperation between Iraq and Saudi Arabia, which he said had helped to boost global oil prices...
Oil traders are resorting to storing more and more oil at sea amid swelling output in the Atlantic region, a sign the market is far from the kind of re-balancing that OPEC would have hoped for when the group set out last year to bring down global stockpiles...
The amount of oil stored in tankers reached a 2017 high of 111...
Arabia’s strategy for rebalancing the oil market through a period of lower prices shows few signs of working so far — with rival producers claiming they will raise output even as prices slide to new lows...
With prices down by more than half compared with the same point in 2014, oil consumption is growing at some of the fastest rates for a decade...
DUBAI: Growth in Saudi Arabia's non-oil private sector rose to a five-month high in August, buoyed by the impact of increasing oil production, a survey of businesses showed on Thursday...
Saudi Arabia has raised its oil output to record highs in the last few months to protect its market share, although global oil prices plunged to six-year lows in August...
The former lawmaker has been named in cases pertaining to the alleged abduction of staff transporting oil and the alleged theft of the commodity...
com, a case has been registered at the Qureshi police station in Muzaffargarh under Sections 395 (punishment for dacoity), 365 (kidnapping or abducting with intent secretly and wrongfully to confine person), 170 (personating a public servant) and 171 (wearing garb or carrying token used by...