karachi - Pakistan State Oil (PSO) has reached yet another technological milestone by introducing chip-based Smart Cards for customers. These fuel cards are the first of their kind to be launched by any OMC in Pakistan.The formal launch ceremony was organized under the theme of “Your World ...

ISLAMABAD - The PSO’s efforts to set up state-of-the-art oil refinery in Khyber Pakhtunkhwa, having capacity to process 40,000 barrel per day, would go a long way in meeting the growing energy needs. The facility, expected to be fully commissioned by 2016-17, will be set up through a ...

KARACHI (PR): The Board of Management of Pakistan State Oil (PSO) reviewed the company’s performance for the first nine months of FY13 from July, 2012 to March, 2013. The meeting was chaired by Ahsan Bashir and members in attendance were Dr. Mirza Ikhtiar Baig. Mohammad Naeem Malik, Mr. Malik ...

KARACHI (PR): Pakistan State Oil (PSO) and Habib Bank Limited (HBL) have signed an agreement for the deployment of ATM’s at PSO retail outlets nationwide. This agreement between the nation’s leading Energy Company and the country’s largest private sector bank promises to be a ...

GUJRAT (PR) –Pakistan State Oil (PSO), the nation’s leading energy company, has inaugurated world’s first ever “Community Owned Station” in Pakistan at Khwaspur Chowk, District Gujrat under the leadership and guidance of its CEO & MD Naeem Y. Mir. This retail ...

ISLAMABAD - The Pakistan State Oil (PSO) is taking solid steps to efficiently meet the country’s growing energy needs by making its energy supply chain self-reliant. Besides other initiatives, the company’s project to construct oil refinery in the district Kohat- Khyber Pakhtunkhwa ...

ISLAMABAD - To secure country’s energy supply chain, Pakistan State Oil (PSO has signed a memorandum of understanding (MoU) with the Government of Khyber Pakhtunkhwa (GoKP) for the establishment of a state-of-the-art oil refinery in the province, which is expected to be fully commissioned by ...

ISLAMABAD - Amid countrywide worsening power outages coupled with cash starvation like situation at the government’s end, hours long loadshedding to continue in near future as Pakistan State Oil (PSO) has so far not received the required money to import furnace oil for power generation ...

ISLAMABAD - Pakistan State Oil (PSO) is facing severe financial constraints and is on the verge of collapse if immediate payments were not made to the state entity during next few days. PSO officials informed here on Friday that National oil agency’s receivables swelled to Rs 141 billion out ...

ISLAMABAD - Pakistan State Oil may default on payments due this month unless state-run companies at least partially pay for their oil, a spokeswoman said on Thursday, putting energy supply at risk and threatening increased blackouts ahead of elections.The country’s largest energy company said ...

 Pakistan State Oil (PSO) has halted fuel supply to Pakistan International Airlines (PIA) over non-payment of dues, media reports said.According to PSO, the national airline is to pay dues of Rs1.20 billion rupees, adding due to this non-payment, fuel supply to PIA planes has been suspended.

ISLAMABAD - The managing directors of Pakistan State Oil and Pak Arab Refinery Limited are allegedly building pressure on Punjab Police from big wigs of ruling elites seeking exemption from an investigation on multi billion worth oil theft.Following the order of a parliamentary sub-committee to ...

SINGAPORE  - Pakistan State Oil is seeking up to 1.23 million tonnes of oil products for delivery over February to April, its largest such spot requirement since August last year, industry sources said on Monday.The state-owned firm is seeking up to 650,000 tonnes of high-sulphur fuel oil, up ...

SINGAPORE - PSO has cancelled a tender to buy low sulphur fuel oil (LSFO) after receiving no offers, trade sources said on Friday. The tender was issued earlier this month, and the 55,000-tonne cargo was to be delivered to Karachi from Jan. 16-18, a tender document showed. PSO last bought 55,000 ...

KARACHI- Being the nation’s leading public sector organisation, Pakistan State Oil (PSO) has always followed a strict policy of implementing the decisions of the government in both letter and spirit. PSO is the first national company to start bringing in imported POL products through the ...

Karachi – PSO has announced the restoration of the Khuzdar depot in Balochistan. This has been done to provide uninterrupted fuel supplies to Quetta and its surrounding areas. Dedicated to serving all segments of the country in a fair and equitable manner, PSO has reaffirmed its commitment to ...

KARACHI  - Pakistan State Oil has stopped supply of fuel oil to certain police establishments in Sindh due to nonpayment of a huge amount of Rs60 million causing inconvenience to the police to carry out its patrol and other duties. According to details, the PSO stopped the supply here the ...

ISLAMABAD - AHMAD AHMADANI - Making sheer mockery and utter violation of prescribed rules, mighty baboos at Pakistan State Oil (PSO) have allegedly done mega corruption in a ‘controversial’ locally blended fuel oil procurement agreement which was signed in May 2012.The Board Audit ...

SINGAPORE  - Pakistan State Oil has extended the closing and validity dates of a term tender to buy fuel oil for a second time, a tender document showed on Tuesday.PSO, which typically seeks supply through the spot market, in July issued the rare tender to import 2 million tonnes of high ...

KARACHI - Pakistan State Oil’s revenues touched Rs 325 billion as compared to Rs 279 billion in the corresponding period last year, representing a growth of 16pc. The company has registered profit after tax of Rs 4.2 billion as compared to Rs 2.5 billion during the same period last year. The ...

ISLAMABAD - AHMAD AHMADANI - The PSO has finally put an end to the war risk insurance payments imposed nine years back over the import of petroleum products to the country after brutal 9/11 attacks on the United States by militant group Al-Qaeda. Sources in PSO informed that payments to global ...

ISLAMABAD – AAHMAD AHMADANI - The PSO, a state owned enterprise, has decided to approach apex court or NAB for dispensation of justice against the civil aviation authority, which has so far not awarded fuel supply contract of New Islamabad International Airport to the state owned oil ...

KARACHI - Pakistan State Oil (PSO) and Pakistan National Shipping Corporation (PNSC), the nation’s flagship oil marketing and shipping companies respectively, have solidified their partnership by signing a contract of affreightment (COA) on Friday at the PNSC building, says a Press ...

SINGAPORE - Pakistan State Oil is set to buy up to 1.14 million tonnes of oil products for delivery from September to December, about 12 per cent lower than it had initially sought, industry sources said on Thursday.Pakistan’s oil demand has grown by a total of about 35,000 barrels per day ...

ISLAMABAD  - The Ministry of Petroleum and Natural Resources has failed to control the circular debt of the Pakistan State Oil (PSO) that has increased to 431 billion.According to official data, the oil giant total payables to local and international fuel suppliers have touched Rs 186 billion ...

ISLAMABAD - Pakistan State Oil has so far declined to act upon the notification of Ogra pertaining to POL price determination for the first half of August as it is charging 77 paisas extra on the price of high-speed diesel (HSD) oil.Informed circles told TheNation that Oil and Gas Regulatory ...

LAHORE - Trains operation of Pakistan Railways continued to be hit by the long delays on Monday. However, provision of about 2.3 lac litres of diesel by the Pakistan State Oil by noon brought relief to the hundreds stuck at the Lahore Railways Station for hours.But this supply is insufficient as it ...

KARACHI - Pakistan State Oil (PSO) has embarked upon a strategy of domestic self-reliance by maximising fuel upliftment from local refineries. This will result in multiple benefits including reduced dependency on foreign fuel imports, increased throughput of local refineries and savings of foreign ...

ISLAMABAD - Pakistan State Oil (PSO) total receivables have increased to 215 billion due to non-payments from the power sector, which may lead to an inevitable breakdown in the supply chain resulting in fuel shortage.According to official documents PSO receivables have been swelled to 215 billion ...

KARACHI - Pakistan State Oil (PSO), the nation’s leading energy company, has signed a Memorandum of Understanding (MoU) with the Forest & Wildlife Department, Government of Balochistan for the establishment of a 5,000 acre bio-diesel agricultural estate located at Uthal, Balochistan. The ...