SNGPL earns historical profit & dividend for fy 2023–24
Lahore (April 29) – The Board of Directors of Sui Northern Gas Pipelines Limited (SNGPL) on Saturday recommended a final cash dividend of Rs. 7.50 per share (equivalent to 75%) for the year ended June 30, 2024.The Board also approved the Annual…
RLNG prices 1.96 pc up for Feb
ISLAMABAD – Oil and Gas Regulatory Authority (OGRA) on Thursday raise the imported RLNG prices upto 1.96 percent due to increase in the cost of supply and delivered ex-ship (DES) prices for month of February. According to a notification, the price of…
CPPs gas tariff raised to Rs 3500 per mmbtu
Islamabad (Jan 25) The Economic Coordination Committee was chaired by Federal Minister for Finance Senator Muhammad Aurangzeb with Federal Minister for Petroleum Mr. Musadik Masood Malik, Minister for Power Sardar Awais Ahmed Khan Leghari, Minister of…
MOL accused of gas sale to a single bidder
ISLAMABAD (Jan 20): The Prime Minister Office and the Khyber Pakhtunkhwa government asked clarity from the Petroleum Division over the proposed sale of natural gas from a field in Kohat without bidding to CNG company. The newly developed Razgir field had…
SNGPL: All gas fields are at optimum levels.
ISLAMABAD (Dec 26)The recent claims regarding the closure of indigenous gas fields in favor of imported RLNG require clarification. The gas was closed in some part of December when Power was not off taking RLNG per its demand. All the gas producing…
SSGC profit surges July-Sept 2023-24
ISLAMABAD – The Sui Southern Gas Company (SSGC) announced a massive consolidated profit of Rs4.5 billion during the quarter ended September 30, 2023. The profit is a complete turnaround from a loss of Rs5.6 billion incurred by SSGC in the same…
OGDCL’s new Discovery
ISLAMABAD (Dec 16) – Oil and Gas Development Company Limited (OGDCL) has successfully revived a heavy oil well in the Rajian Oil Field, Chakwal, increasing production from 1,500 to 2,500 barrels per day (BPD). This achievement is part of OGDCL’s…
Govt adjusted Rs 2.92 IFEM to maintain POl prices Dec 16, 2024
ISLAMABAD (Dec 16) – Federal government made recommended Rs 2.92 per litre raise in petrol price in inland freight equalisation margin (IFEM) to mitigate the impact on general masses in petroleum products review commencing from December 16. On Sunday…
Pakistan negotiating Oil deal structure with Russian
ISLAMABAD (December 4, 2024)– Pakistan and Russia are actively negotiating the structure of a deal for the import of Russian oil by Pakistani public sector companies. This development comes amid concerns about potential secondary US sanctions on payment…
SNGPL payment of Rs 85 billion to PSO
Islamabad (May 27): Sui Northern Gas Pipelines Limited (SNGPL) has asked the federal government for the payment of Rs 85 billion to clear the scheduled payment of Pakistan State Oil (PSO) till May 31, 2024, besides equalization of gas rates at par with…