Pakistan News

    Oil Gas Companies In Islamabad Ancient

  • Oil, gas companies ordered to treat natural gas as LNG

    ISLAMABAD: In a surprise development, the Ministry of Petroleum and Natural Resources on Wednesday ordered the oil and gas companies involved in liquefied natural gas (LNG) to treat domestic natural gas being supplied to PakArab Fertiliser Limited as regasified LNG...

    Informed sources in the petroleum ministry said the orders were issued to the Sui Northern Gas Pipelines Limited (SNGPL), Sui Southern Gas Company Limited (SSGC) and...

  • Oil, gas companies seek 32pc increase in RLNG price

    ISLAMABAD: With the petroleum ministry’s support, three state-run oil and gas companies have sought a cumulative 32...

    3 per cent increase in the price of regasified liquefied natural gas (RLNG) to improve their profits even on system losses without fresh investments...

  • Senate body seeks security for oil, gas companies

    ISLAMABAD: The Senate Standing Committee on Petroleum, which met here at the Parliament House on Thursday, started discussion on provision of security to foreign companies operating in the field of oil and gas exploration...

    The members of the committee stated that by refusing to provide security to foreign investors, the interior ministry had made a tacit admission that it had failed to provide protection to companies and the...

  • PSO, gas companies seek 28pc hike in RLNG price

    ISLAMABAD: Backed by the petroleum ministry, the three government-owned energy companies have sought a cumulative 28 per cent increase in the price of imported regasified liquefied natural gas (RLNG) approved by the Oil and Gas Regulatory Authority (Ogra) early this month...

    The Pakistan State Oil (PSO), the Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL) have written to the regulator that the RLNG price...

  • Reforms to unbundle gas distribution companies into five

    ISLAMABAD: The federal government is persuading the provincial governments for gas-sector reforms that envisage dismantling of two gas utilities into at least five public-sector companies besides facilitating many other private operators and dedicate domestic supplies to consumers within a gas-producing province...

    The summary, seen by Dawn, seeks to dismantle Sui Northern Gas Pipeline Ltd (SNGPL) and Sui Southern Gas Company Ltd...

  • 7.1pc UFG allowance for gas companies proposed

    ISLAMABAD: The independent consultants have finally suggested allowing up to 7...

    1 per cent unaccounted-for gas (UFG losses) allowance to gas utilities in the consumer tariff for the next five years with tight targets for their gradual decline...

  • Utility companies to bear cost of gas supply within 5km radius of fields

    ISLAMABAD: Ahead of approaching elections, the government has decided that the gas utility companies — Sui Southern Gas Company Ltd (SSGCL) and Sui Northern Gas Pipelines Ltd (SNGPL) — would bear the cost of provision of gas to new localities within the 5km radius of gas fields...

    A decision to this effect was taken at a meeting of the Council of Common Inte­rests (CCI) held on Nov 24, according to minutes of the meeting conveyed to...

  • Gas companies told to cut tariff, lower revenue targets

    ISLAMABAD: In a major policy shift, the government has formally directed the board of directors and managing directors of the two gas utilities to give up major revenue streams to provide relief to consumers through lower tariff...

    In a letter, the petroleum division has asked the chairpersons and managing directors of the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) to seek approval of their...

  • Oil companies threaten to move against Honda

    ISLAMABAD: The Oil Compa­nies Advisory Council (OCAC) — a representative body of around a dozen oil marketing companies (OMCs) and refineries — threatened Honda Pakistan on Wednes­day to withdraw its complaint about the alleged sale of low-quality fuel in the market or face legal action...

    In a complaint to the Oil and Gas Regulatory Authority (Ogra), Honda Atlas Cars Pakistan reported high manganese content in recently upgraded 92RON...

  • Profit margins of oil companies, dealers likely to go up

    ISLAMABAD: The maiden meeting of the reconstituted Economic Coordination Committee (ECC) of the cabinet is expected this week to consider increasing profit margins of oil marketing companies (OMC) and dealers through prices of petroleum products...

    A senior official told Dawn that the oil industry has been lobbying the government for an early decision on higher profit margins on the sale of petrol and high-speed diesel (HSD) in line...

  • Setting up oil marketing companies likely to cost Rs7bn

    ISLAMABAD: After facilitating a selective few, the government is contemplating to increase the cost of opening new oil marketing companies (OMCs) by 14 times – from Rs500 million to at least Rs7 billion – to limit their mushroom growth...

    This comes following the opening of floodgates by Oil and Gas Regulatory Authority (Ogra) when it granted 21 fresh licences in just six months (July-Dec 2016) compared to 20 over the past 70 years......

  • Ogra issues show-cause notices to top oil companies for overcharging

    ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has issued show-cause notices to seven top oil marketing companies (OMCs) for alleged overcharging and substandard sale of petroleum products in Azad Jammu and Kashmir (AJK)...

    The companies that have been issued show-cause notices include Pakistan State Oil (PSO), Shell Pakistan Ltd (SPL), Total Parco Marketing Ltd (TPML), Attock Petroleum Ltd (APL), Askar, Admore and Overseas...

  • SC asks three oil exploration companies to deposit Rs100m

    ISLAMABAD: The Supreme Court on Tuesday asked three oil exploration companies from Sindh to deposit a total of Rs100 million — a contribution towards the Workers Welfare Fund (WWF) for the period 2015 — in the office of the court’s registrar until it decides finally whether the federal or the provincial government should collect the funds after the subject of labour welfare has been devolved to provinces under the 18th Amendment to the...

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