ISLAMABAD : Demanding probe ostensibly over the ‘unfair’ use of natural gas, IWCCI on Sunday expressed extreme disappointment over the working of Ministry of Petroleum and Natural Resources. President IWCCI Farida Rashid has demanded probe against the unfair use of scarce natural gas ...

ISLAMABAD - AHMAD AHMADANI - Defying the Election Commission of Pakistan’s order to remove managing directors (MDs) of both state-owned gas utilities SNGPL & SSGCL, Petroleum & Natural Resources Ministry has declined to remove them from top slots, sources said on Saturday.Earlier, the ...

ISLAMABAD - AHMAD AHMADANI - Ministry of Petroleum & Natural Resources (MPNR), in a bid to deprive the independent Oil and Gas Regulatory Authority (Ogra) from its sovereignty, has drafted a bill seeking certain amendments in the Ogra Ordinance, which first would be tabled before federal ...

ISLAMABAD - To put independent Oil and Gas Regulatory Authority (Ogra) under its purview, Ministry of Petroleum & Natural Resources (MPNR) has drafted a summary to be sent to federal cabinet seeking its approval on certain amendments in regulator’s ordinance, reliable sources told ...

The Lahore High Court (LHC) on Wednesday summoned lawyers of the respondents to present their final arguments on February 12 in petroleum price case.LHC Chief Justice Umar Ata Bandial resumed hearing of petition filed against hike in petroleum prices. During the hearing the prosecutor did not ...

ISLAMABAD - Despite various challenges, the Ministry of Petroleum and Natural Resources is working on several fronts to meet the country’s growing energy requirements.As part of such efforts, the government recently announced a new exploration bid round offering 60 exploration blocks along ...

ISLAMABAD - AHMAD AHMADANI - A company hired by petroleum ministry to manage and sale the geophysical and geological (G&G) data to the companies involved in Exploration and Production (E & P) sector of the country is on let loose as its violations of contract, rules and indulgence in ...

The government has decided to cut petrol and CNG prices, with raise in other petroleum products. The new rates will be effective after 12 am tonight.The petrol price has been decreased by Rs 2.9 per litre and CNG by Rs 1.91 per kilogram following an approval by the ministry of finance as part of ...

LAMABAD - The National Assembly’s Standing Committee on Petroleum and Natural Resources on Monday demanded devolution of the petroleum ministry and a price adjustment mechanism on daily or monthly basis instead of the current weekly review, reported a private TV channel.The committee made the ...

The government on Monday announced Petroleum Exploration and Production Policy 2012, which the Petroleum Advisor said, would help achieve maximum self-sufficiency in energy and promote exploration and production activities by providing competitive incentives to the investors.Advisor to the Prime ...

In a bid to regain popularity among masses ahead of next election, incumbent government has turned to providing tempered relief to people and slashed the petroleum prices by Rs 6.44 per liter and CNG prices by Rs 4.59 per kg. According to a notification issued here on Saturday, Oil and Gas ...

After a $10 decrease in price of oil in the international market, petroleum prices are expected to be slashed in the country.According to official sources on Monday, the price of petrol is expected to be decrease by Rs6 per litre while the price of diesel is expected to be brought down by Rs4 ...

The recent hike in the prices of petroleum products and CNG was challenged on Monday in Lahore High Court (LHC).Petition against the increase in the prices of petroleum products was filed by Azhar Siddique advocate while petition against hike in the prices of CNG was filed by CNG Association.Azhar ...

ISLAMABAD – Following the decisions of the recent meeting of the council of common interests (CCI), the federal government has circulated the draft of new Petroleum Exploration and Production Policy 2012 among provincial governments for formal approval. According to an official source, the ...

KARACHI - All Pakistan Oil Tanker Owners Association (APOTOA) has called for a strike and abandoned the supply of oil and petroleum products across Pakistan against dispute on the transportation of edible oil as deadline of 72 hours has been lapsed.APOTOA Vice chairman Shams Shahwani told TheNation ...

The Petroleum Ministry has decided to impose 10 percent development surcharge on CNG from February, Secretary Petroleum revealed during a briefing to National Assembly’s Standing Committee on Petroleum and Natural Resources. The committee, which met here with MNA Talib Nakai in the chair, ...

Federal Law Minister Maula Bux Chandio Saturday said the joint session of the Parliament could be called in the first week of February. Talking to media outside the parliament house, the federal minster said the Accountability Bill will be brought in consultation with all political parties. ...

Muttahida Qaumi Movement’s (MQM) Coordination Committee has strongly condemned the latest increase in prices of petroleum products by Oil and Gas Regulatory Authority (OGRA) and demanded of the government to withdraw it immediately, report said on Sunday. In a statement the committee termed ...

Islamabad High Court issued notice to OGRA (Oil and Gas Regulatory Authority) and Ministry of Petroleum and submit their reply in a petition against increase in petroleum prices. The petitions argues that increase in petroleum prices is a violation of Article 9 of the Constitution. It prays the ...

ISLAMABAD (APP) - The exports of petroleum and coal products witnessed an increase of 152.56 per cent during the first month of the current fiscal year as compared to the same month of last year. The exports of petroleum and gas products stood at $157.730 million during July 2011 as compared to the ...

ISLAMABAD Cash-starved coalition government is set to fetch high ceiling revenues of Rs182.9 billion from the inflation hit masses in the name of Petroleum Levy (PL) on petroleum products, Gas Development Surcharge (GDS) and royalty on oil and gas in the upcoming financial year. The government has ...

The increase in petroleum product prices has been challenged in the Lahore High Court. The new prices have been implemented from 1st of March. Advocate Mateen ul Haq Chaudhry has filed an application in the Lahore high court challenging the decision to increase the petroleum product prices. His ...

Petroleum Ministry has finalized the proposal of fixing the petroleum prices on deregulatory basis in the country that will create 7 to 8 rupees difference between the intra-city prices. Petroleum Ministry sources informed on Monday that the decision has been taken in a meeting chaired by Petroleum ...

The government has reversed hike in petroleum prices to its earlier prices of December 31. Prime Minister Yousaf Raza Gilani addressing the National Assembly announced that after deliberations with all the political leaders and economic team he has decided to take back increase in the petroleum ...

KARACHI - The Oil and Gas Development Company Limited (OGDC) is not planning yet to buy the local assets of British Petroleum. The company believes that the deal is not viable in the near term when it is facing liquidity constraints. The company has already acquired 4 new exploration blocks during ...

ISLAMABAD Federal Minister for Petroleum and Natural Resources, Syed Naveed Qamar is annoyed these days thanks to some 'obnoxious impostors who keep on calling business community and try to extort money on the Ministers behalf. An official letter dated June 9, 2010 sent to Federation of Pakistan ...

ISLAMABAD (APP) - Ministry for Petroleum and Natural Resources Thursday executed four (04) Exploration licenses (ELs)/Petroleum Concession Agreements (PCAs) for Blocks No. 3170-6 (Dera Ismail Khan) 2468-12 (Kotri), 2568-21 (Kotri North) and 2468- 10 (Sirani) with Pakistan Petroleum Limited ...

ISLAMABAD During the hearing of case regarding Liquefied Natural Gas (LNG) import contract, the Supreme Court on Thursday observed that transparency was apparently missing in the deal worth billions of dollars. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice ...

The recent increase in petroleum prices has led to manifold increase in the prices of essential commodities with kitchen items from flour to vegetables registering an increase of 20 to 25 percent. According to a survey, carried out by Online, price of pulses have risen within one day after increase ...

ISLAMABAD A senior official of Petroleum Ministry has admitted issuing a backdated office order granting extension to Acting Managing Director, OGDCL on the instructions of Petroleum Minister Navid Qamar, it is authentically learnt. The story regarding grant of extension to the Acting MD OGDCL ...