Ibn-e-Ameer Federal Investigation Agency (FIA) has stepped in after commercial banks show reluctance to extend credit to oil marketing companies (OMCs) and refineries in Pakistan. At…
Oil Marketing Companies have defaulted to the commitment of diesel imports due to Russia-Ukraine War and the country is left with five days stocks only Ibn-e-Ameer…
Ibn-e-Ameer The increase in sale volume of Pakistan State Oil (PSO) pushed its share price up in the stock market despite its all times high receivables…
News Report Prime Minister on Monday turned down a proposal of oil regulator to increase prices of petroleum products up to Rs. 16.79 per liter effective…
Ibn-e-Ameer The Board of Directors of Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited) has approved to acquire 57.37% stake in Puma Energy Pakistan Private Limited…
Aftab Ahmed Pakistan Refinery Limited (PRL) on Tuesday announced to invest US$ 1.2 billion to undertake Refinery Expansion and Upgrade Project (REUP). In a notice…
Ibn-e-Ameer Cabinet has approved an increase in margins of Oil Marketing Companies (OMCs) and petroleum dealers effective from the forthcoming revision in oil prices. At…
News Report Alan Duncan, Chairman of Hascol Petroleum has said that it is nearing the conclusion of negotiations with bankers to strike a restructuring agreement.…
By our Research Team It is easier said than done, a statement the world has heard in many a context, but for Pakistan, it is something…
Ibn-e-Ameer Following the oil crisis, the Petroleum Division has proposed to transfer functions of import, demand, and supply of petroleum products to Oil and Gas Regulatory…