Govt plans up-gradation of Pakistan Refinery Limited with $1 billion cost

The government is planning to upgrade Pakistan Refinery Limited (PRL) with an estimated cost of $ 1 billion aims at achieving self-sufficiency in the refining sector and bringing down the oil import bill

Study initiated to set up gas storage facilities: SAPM

Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar Friday said the government had initiated a feasibility study to set up gas storage facilities, which the country was missing for smooth supply of the commodity during peak winter and summer seasons

Six oil refineries with around 1.1 mln bpd capacity, being worked out

Cognizant of the ever-growing energy requirements of the country, the government is working on a multi-faceted strategy to accelerate oil and gas exploration activities in potential areas, besides achieving self-sufficiency in crude oil refining sector

POL products' storage capacity increases by 13.07%

The overall storage capacity of Motor Spirit (MS) and High Speed Diesel (HSD) oil witnessed around 13.07 percent increase during the fiscal year 2018-19 as compared to the corresponding year

Oil refineries directed to produce fuel conforming latest vehicles

The Petroleum Division has directed oil refineries to maintain prescribed standards of petroleum products and ensure production of fuel, meeting the requirements of latest model vehicles being assembled and imported in the country

Zahid Mir appointed Managing Director, CEO PRL

Local POL production dips 6.3% in 10 months of 2018-19

The overall production of petroleum commodities has witnessed a decrease of 6.34 percent during first 10 months (July-April) of the current fiscal year as compared to corresponding period of 2017-18

Crude oil production witnesses 12.8% surge, import declines by 15.38%

The country's domestic production of crude oil has witnessed around 12. 8 percent increase during a nine-month period of the current fiscal year from July-March

Pakistan National Shipping Corporation (PNSC) acquires clean product tanker for $30 million

Pakistan National Shipping Corporation (PNSC) has acquired a ship at the price of US $30 million, aimed at meeting increased demand for shipping services in the country

Pakistan National Shipping Corporation (PNSC) took possession of another LR1 vessel Kahirpur

Pakistan National Shipping Corporation (PNSC) Thursday took possession of another large range (LR-1) vessel in order to enhance its fleet size to meet local demands

Proposal under consideration to set up new oil storage facilities, OMCs

The government was looking into a proposal of setting up new oil storage facilities and establishing Oil Marketing Companies (OMCs) for more effective supply of petroleum products across the country.

Oil and Gas Regulatory Authority (OGRA) proposes 10 new oil storage facilities

Oil and Gas Regulatory Authority (OGRA) has proposed construction of ten new oil storage facilities, having combined capacity of 304,445 metric tons (mt) petrol and 446,335mt diesel, during the financial year 2018-19.

Country imported 60.4 mbbl oil, produced 21.8 mbbl oil in eight months

The government has imported 60.4 million barrel (mbbl) crude oil and produced 21.8 mbbl oil locally during eight months of the current fiscal year from July to February to meet ever-growing energy needs of the country.

Govt imported 60.4 mbbl oil, produced 21.8 mbbl oil in eight months: Miftah Ismail

The government has imported 60.4 million barrel (mbbl) crude oil and produced 21.8 mbbl oil locally during eight months of the current fiscal year from July to February.

POL products' consumption up by 9.7%, production 3.2 % 19 March 2018

The consumption of petroleum products registered a growth rate of 9.7 percent during fiscal year 2016-17 as compared to previous year's increase of 5.2 percent.

Pak- Arab Refinery Company (PARCO) preparing feasibility study of Khalifa Coastal Oil Refinery project 6 March 2018

Pak- Arab Refinery Company (PARCO) is in process of preparing a detailed feasibility study of Khalifa Coastal Oil Refinery project, which remained in doldrums due to paucity of funds after being approved in 2007

Pakistan Stock Exchange-Rates-2 22 February 2018

REFINERY: Attock Refinery 261.82 Byco Petroleum 15.53 National Refinery 439.66 Pak Refinery 38.14 SUGAR & ALLIED INDUSTRIES:

Pakistan, Italy to play rugby match on Saturday

The Pakistan Rugby League (PRL) Chairman Fareed Naizi Thursday said they will be playing a match with the Italian national rugby league team on Saturday here at the Jinnah Stadium of Pakistan Sports Complex

RugbyU: England World Cup hopes boosted by deal with clubs