Nine countries sign declaration to enhance cross-border cooperation at CAREC Energy Ministers’ Dialogue

TASHKENT, UZBEKISTAN: Nine countries in Central and West Asia, including Pakistan, on Friday signed a historic declaration that will accelerate cross-border cooperation on energy issues and move the region a step closer... Read more »

OGDCL announces oil, gas discovery in Khyber Pakhtoonkhwa

KARACHI: Oil and gas Development Company Limited (OGDCL) on Tuesday announced discovery of oil and gas at Chanda Well#5 located at Kohat District,Khyber Pakhtoonkhwa province. Read more »

US ambassador praises Engro Elengy for fastest 250 ship-to-ship transfers

KARACHI: US Ambassador Paul W. Jones has praised Engro and Excelerate Energy to achieve incredible milestone of the world’s fastest 250 ship-to-ship transfers of LNG. Read more »

Strike on Saudi’s ARAMCO: Pakistan’s oil bill may rise

KARACHI: Analysts have said that higher oil prices as a result of drone attacks on world’s largest oil facility in Saudi Arabia’s may increase the oil import bill of Pakistan. Read more »

Hub Power declares Rs8.036 billion annual profit, 6.17pc lower than previous year

KARACHI: Hub Power Company Limited (HUBCO) has declared net annual profit of Rs8.036 billion for the period ended June 30, 2019, which is 6.17 percent lower than the profit of Rs8.565 billion... Read more »

OGDCL discovers huge gas reserves in Khyber PakhtoonKhwa

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced huge amount of gas discovery and condensate from exploratory well at Kohat, Khyber PakhtoonKhwa. Read more »

Pakistan Oilfields announces large oil, gas discovery in Kohat

KARACHI: Pakistan Oilfields Limited (POL) on Thursday announced discovery of large deposits of oil and gas at TAL Block, Kohat District, Khyber Pakhtunkhwa. Read more »

SBP issues Islamic financing scheme for renewable energy projects

KARACHI: State Bank of Pakistan (SBP) on Wednesday issued a new scheme of Islamic financing for renewable energy power projects. Read more »

Hubco declares commercial operation date for 1320MW coal-based power plant

KARACHI: China Power Hub Generation Company (CPHGC) – a joint venture between The Hub Power Company Ltd. (HUBCO) and China Power International Holding – has declared the Commercial Operations Date (COD) of... Read more »

SBP revises refinance scheme for renewable energy

KARACHI: State Bank of Pakistan (SBP) on Friday issued revised refinancing scheme for renewable energy under which maximum loan amount is Rs6 billion for a single project up to 50 megawatts. Read more »