Ministry of Energy Urges Crackdown on Iranian Petroleum Smuggling
“The Ministry of Interior and the FBR are urged to take immediate and decisive action to rectify this critical issue,” stated the OCAC letter, stressing the urgency of the matter.…
Pakistan Pursues Strategic Refinery Project and Energy Sector Reforms
AC has directed Pakistan’s ambassador to Saudi Arabia to engage with Saudi Aramco Refinery Project and provide updates on their current status of interest in refinery project. The Apex Committee…
Pakistan Expects Aramco Refinery Project Progress In Two Months
Pakistani Energy Minister revealed that Pakistan is actively involved in discussions with Saudi authorities regarding the long-awaited Aramco oil refinery project. Pakistani Energy Minister revealed that Pakistan is actively involved…
Saudi Aramco Reviews Pakistan’s $10.5 B Green Refinery Project In Hub
The $10.5 billion refinery will be built with a loan-to-equity ratio of 70:30, with Saudi Aramco and Pakistan State Oil (PSO) splitting the equity stake equally. The engineering, procurement, and…
Pakistan And Saudi Arabia Set To Finalize Joint Oil Refinery Project
In a formal statement released on Friday in Islamabad, Pakistan and Saudi Arabia expressed confidence that a joint oil refinery project would be finished in two months. In a formal…
First Cargo Of Discounted Crude From Russia Arrived: PM
The country’s prime minister announced on Sunday that the first shipment of discounted crude from Russia had arrived, and that oil discharge would begin the following day. The country’s prime…
Govt Plans To Build New Refinery To Meet Country’s Energy Needs
In order to meet the energy needs of Pakistan, the government has planned to construct a new refinery, according to the minister of state for petroleum. In order to meet…
Pakistan To Receive Cheap Russian Oil Soon: Prime Minister
The crude oil would first be refined by the Pakistan Refinery Limited (PRL) as a test run, and then Pak-Arab Refinery Limited (PARCO) and other refineries would follow. The country…
Pakistan To Import Russian Crude Oil At Big Discount This Month
Russia signed several memorandums of understanding with Pakistan’s Energy Ministry and agreed in principle to provide cheaper crude oil and oil products to the country this year. Dr. Musadik Malik,…
PSO, SNGPL In A Debt Trap Due To Increasing Cost Of LNG
PSO is currently facing a significant financial burden as a result of its rising receivables, which have reached Rs620 billion, as it struggles to pay its debts to foreign LNG…
Chinese group to invest $4.5bn to build refinery in Gwadar: PCJCCI
Fang Yulong, Senior Vice President of Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) and CEO of East Sea Group Limited has planned to invest US 4.5 billion dollars to…
China is investing $15B Oil Complex in Pakistan
A consortium of Chinese state-owned companies has offered to set up a $15 billion oil refinery complex that may provide relief to Pakistan. A consortium of Chinese state-owned companies has…