Currently browsing : Pakistan State Oil
23rd April, 2013
PSO buys 700,000 tonnes of HSFO at higher premium
The state firm purchased its entire tendered requirement of 520,000 tonnes of high-sulphur fuel oil at a premium of about $21.
The state firm purchased its entire tendered requirement of 520,000 tonnes of high-sulphur fuel oil at a premium of about $21.
12th April, 2013
PSO, KP sign MoU for $800m refinery
Pakistan State Oil signed an MoU with the Government of Khyber Pakhtunkhwa (GoKP) for the establishment of an oil refinery in the province.
Pakistan State Oil signed an MoU with the Government of Khyber Pakhtunkhwa (GoKP) for the establishment of an oil refinery in the province.
5th April, 2013
Pakistan State Oil seeks 700,000 T for April-July
The state-owned firm's fuel oil requirements are lower due to less demand from the power sector and sufficient inventory, a source close to the matter said.
The state-owned firm's fuel oil requirements are lower due to less demand from the power sector and sufficient inventory, a source close to the matter said.
5th April, 2013
PSO warns of complete dry-out
Pakistan State Oil reported that it had defaulted on domestic and international payments and warned of a complete dry-out in a few weeks.
Pakistan State Oil reported that it had defaulted on domestic and international payments and warned of a complete dry-out in a few weeks.
2nd April, 2013
Pakistan State Oil seeks 300,000 T gasoline for May-July
PSO has changed certain specifications for its gasoline cargoes, including lowering the sulphur content and introducing a benzene content limit, a source close to the matter said.
PSO has changed certain specifications for its gasoline cargoes, including lowering the sulphur content and introducing a benzene content limit, a source close to the matter said.
1st April, 2013
Swelling fiscal deficit
When officials of finance ministry briefed caretaker Prime Minister Mir Hazar Khan Khoso last week, the key fiscal parametres of the budget strategy paper had already changed.
When officials of finance ministry briefed caretaker Prime Minister Mir Hazar Khan Khoso last week, the key fiscal parametres of the budget strategy paper had already changed.
21st February, 2013
Pakistan State Oil ‘on its knees’, more blackouts threatened
PSO may default on payments due this month unless state-run companies at least partially pay for their oil, a spokeswoman said on Thursday.
PSO may default on payments due this month unless state-run companies at least partially pay for their oil, a spokeswoman said on Thursday.
15th February, 2013
Government implements Euro-II standards of petrol in Pakistan
Dr Asim Hussain, adviser to Prime Minister on Petroleum and Natural Resources said that Mar 1 onwards Euro-II standard petrol would be sold in the country.
Dr Asim Hussain, adviser to Prime Minister on Petroleum and Natural Resources said that Mar 1 onwards Euro-II standard petrol would be sold in the country.
8th February, 2013
NAB decides to open cases against Karachi Port Trust
NAB has decided that sufficient evidence is available against KPT to proceed against the individuals responsible for causing massive loss to the state.
NAB has decided that sufficient evidence is available against KPT to proceed against the individuals responsible for causing massive loss to the state.
14th January, 2013
Pakistan State Oil seeks up to 1.23 million tonne oil products
The state-owned firm is seeking up to 1.23 million tonnes of oil products for delivery over Feb to April, its largest such spot requirement since Aug 2012.
The state-owned firm is seeking up to 1.23 million tonnes of oil products for delivery over Feb to April, its largest such spot requirement since Aug 2012.
12th December, 2012
PSO buys 325,000 tonnes gasoline, jet fuel for Dec-March
Four of the six cargoes bought by PSO will be supplied by PetroChina while the other two will be supplied by Trafigura.
Four of the six cargoes bought by PSO will be supplied by PetroChina while the other two will be supplied by Trafigura.
5th December, 2012
Pakistan State Oil set to import 325,000 T gasoline, jet fuel
The company has increased tankage space for gasoline in its Kemari port in Karachi by 15,000 tonnes to satisfy increased domestic demand.
The company has increased tankage space for gasoline in its Kemari port in Karachi by 15,000 tonnes to satisfy increased domestic demand.
28th November, 2012
PSO sets sights on place in Fortune-500
Pakistan State Oil plans to convert itself into a fully integrated energy firm starting from oil and gas production, shipping, refining and transportation.
Pakistan State Oil plans to convert itself into a fully integrated energy firm starting from oil and gas production, shipping, refining and transportation.
27th November, 2012
Pakistan Oct fuel oil imports plunge to 1-1/2 year low
Pakistan State Oil, the country's main buyer, bought less fuel oil for October due to surplus supply from its previous tender cycle.
Pakistan State Oil, the country's main buyer, bought less fuel oil for October due to surplus supply from its previous tender cycle.
23rd November, 2012
Pakistan State Oil seeks up to 815,000 of fuel oil
PSO is seeking up to 815,000 tonnes of fuel oil for delivery over January and February next year, a tender document showed Friday.
PSO is seeking up to 815,000 tonnes of fuel oil for delivery over January and February next year, a tender document showed Friday.
20th November, 2012
PSO to buy 55,000 tonnes of low sulphur fuel oil
Pakistan State Oil issued a tender to buy two 55,000-tonne cargoes of LSFO for delivery over December-February.
Pakistan State Oil issued a tender to buy two 55,000-tonne cargoes of LSFO for delivery over December-February.
19th November, 2012
Pakistan State Oil seeks 450,000 T gasoline, jet fuel
The company is seeking six cargoes of 50,000 tonnes each of 87-octane gasoline for delivery over January 15 to March 15.
The company is seeking six cargoes of 50,000 tonnes each of 87-octane gasoline for delivery over January 15 to March 15.
19th November, 2012
Electricity shortfall feared to increase
A senior official of the water and power ministry told Dawn on Sunday that loadshedding in cities like Lahore, Faisalabad and Karachi had gone up to four hours a day over the past week.
A senior official of the water and power ministry told Dawn on Sunday that loadshedding in cities like Lahore, Faisalabad and Karachi had gone up to four hours a day over the past week.
30th October, 2012
Pakistan State Oil extends LSFO tender
PSO was seeking up to 110,000 of LSFO and 455,000 tonnes of high sulphur fuel oil (HSFO), for delivery over November-January, via a tender that it issued earlier this month.
PSO was seeking up to 110,000 of LSFO and 455,000 tonnes of high sulphur fuel oil (HSFO), for delivery over November-January, via a tender that it issued earlier this month.
27th October, 2012
PSO posts Rs4.2bn quarterly profit
PSO’s revenues touched Rs325 billion as compared to Rs279 billion in the corresponding period last year, representing a growth of 16 per cent.
PSO’s revenues touched Rs325 billion as compared to Rs279 billion in the corresponding period last year, representing a growth of 16 per cent.
