Staff Report The government has issued official/Gratis Passport to managing director Pakistan State Oil (PSO) Syed Muhammad Taha, Managing Director of Pakistan State Oil Company Limited (PSOCL). PSO works under the administrative control of the Ministry of Energy (Petroleum Division) and Managing Director was nominated to participate in the World Forum’s Special Meeting titled “Global…
The upgradation of existing oil refineries in Pakistan has hit a snag, with the failure of the regulator to sign implementation agreements on time. The Petroleum Division seeks six months extension in deadlines of signing agreements. As of the April 22, 2024 deadline, three refineries – Attock Refinery Ltd, National Refinery Ltd, and Pakistan Refinery…
The Pakistani government has assured the International Monetary Fund (IMF) of its commitment that there would be no new fuel subsidies or cross-subsidy schemes. According to a news report, the circular debt (CD) stock, a longstanding issue in Pakistan’s energy sector, stabilized in late 2023 and early 2024 attributed to efforts to align energy tariffs…
The Pakistan Petroleum Dealers Association (PPDA) said on Sunday that oil price liberalisation will lead to the full monopoly of a foreign company on lifeline energy resources. It is not in the national interest to frame policies that will lead to full control of an influential foreign oil corporation over Pakistan’s fragile oil market, it…