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Posts tagged ‘Pakistan State Oil’

Market watch: Energy, power stocks fall amid pessimism

KARACHI: Friday’s pessimism rolled over into the new week, with the Monday trading session recording heavy selling pressure as offloading of shares by foreign investors in the previous session took a toll on investor sentiment.
Samar Iqbal, Topline Securities’ senior manager equity sales,…http://alternativeenergy.com.pk/pakistan-news/market-watch-energy-power-stocks-fall-amid-pessimism/ Energy power stocks, Karachi Stock Exchange’s (KSE) b, Oil and Gas Development Company, Pakistan State Oil, power stocks fall amid pessimism

PSO launches fuel smart cards Striving to provide ever greater value to its customers,

Striving to provide ever greater value to its customers, Pakistan State Oil (PSO) has reached yet another technological milestone by introducing chip-based smart cards. These fuel cards are the first of their kind to be launched by any OMC in Pakistan.
The formal launch ceremony was organised…http://alternativeenergy.com.pk/national-news/pso-launches-fuel-smart-cards-striving-to-provide-ever-greater-value-to-its-customers/ Pakistan State Oil, provide value customers, PSO card customers, PSO fuel smart cards, technological milestone

Mergers and acquisitions: PSO and Shell International Petroleum Company to increase stake in Pakistan Refinery

ISLAMABAD: 
Pakistan State Oil (PSO) plans to acquire Chevron Pakistan’s shareholding in Pakistan Refinery Limited (PRL) using its first right, according to reports. Chevron had recently announced that it wished to sell its 12% stake in PRL.
Attock Refinery Limited (ARL) had also announced…http://alternativeenergy.com.pk/oil-gas-energy/mergers-and-acquisitions-pso-and-shell-international-petroleum-company-to-increase-stake-in-pakistan-refinery/ increase stake, International Petroleum Company, Mergers and acquisitions, Pakistan Refinery, Pakistan Refinery Limited (PRL), Pakistan State Oil, PSO, Shell International Petroleum Company

Government releases Rs 10 billion to PSO enable the company to clear international letter of credits (LCs) payment,

The government has released Rs 10 billion to Pakistan State Oil (PSO) to enable the company to clear international letter of credits (LCs) payment, it is learnt. Sources in the Petroleum Ministry told Business Recorder here on Thursday that the cash strapped PSO after the successful completion…http://alternativeenergy.com.pk/national-news/government-releases-rs-10-billion-to-pso-enable-the-company-to-clear-international-letter-of-credits-lcs-payment/ (LCs) payment, company to clear international letter of credits, Government releases, Pakistan State Oil, PSO

Corporate results: Pakistan State Oil PSO posts modest growth in earnings period from July 2012 to March 2013,

KARACHI: 
Pakistan State Oil (PSO), the nation’s only trillion-rupee company, announced its earnings results for the first nine months of fiscal 2013 on Tuesday. The company has booked profits worth Rs9.32 billion for the period from July 2012 to March 2013, higher by 3.82% if compared to…http://alternativeenergy.com.pk/national-news/corporate-results-pakistan-state-oil-pso-posts-modest-growth-in-earnings-period-from-july-2012-to-march-2013/ Corporate results, Pakistan State Oil, posts modest growth earnings period, PSO

Market watch: Engro Corporation spoils the mood across the board

KARACHI: The Karachi bourse opened the week with a volatile session, where the index made an intraday low of 18,526 points. Engro Corporation ruined the mood over its persistent gas supply problems for its fertiliser plants; however Pakistan State Oil managed to break the fall after investors…http://alternativeenergy.com.pk/national-news/market-watch-engro-corporation-spoils-the-mood-across-the-board/ Engro Corporation, fertiliser plants, Karachi Stock Exchange’s (KSE), Pakistan State Oil

Circular debt woes: Alarm bells ring in PSO as international bank questions creditworthiness in global financial market,

ISLAMABAD: 
Prime Minister Mir Hazar Khan Khoso has been informed that Pakistan State Oil (PSO)’s creditworthiness has been questioned in the global financial market, and that at least one leading international bank has expressed serious concern over a default on Letters of Credit (L/Cs)…http://alternativeenergy.com.pk/national-news/circular-debt-woes-alarm-bells-ring-in-pso-as-international-bank-questions-creditworthiness-in-global-financial-market/ Circular debt woes, creditworthiness, global financial market, international bank, Pakistan State Oil, PSO

Oil shortage: Khoso warned of blackout, widespread protests Ministry of Petroleum and Natural Resources

ISLAMABAD: The Ministry of Petroleum and Natural Resources has told Caretaker Prime Minister Mir Hazar Khan Khoso that a shortage of petroleum products may force a blackout in the country and spark widespread protests and this necessitates the release of at least Rs29 billion for clearing…http://alternativeenergy.com.pk/national-news/oil-shortage-khoso-warned-of-blackout-widespread-protests-ministry-of-petroleum-and-natural-resources/ Caretaker Prime Minister, Federal Board of Revenue (FBR), Ministry of Finance, Ministry of Petroleum and Natural Resources, Ministry of Water and Power, Oil shortage, Pakistan State Oil

April-July: PSO seeks 700,000 tonnes of fuel oil tender document showed state-owned firm’s fuel oil requirements are lower due to less demand

Pakistan State Oil is seeking 700,000 tonnes of fuel oil for delivery over April to July, a tender document showed on Friday, about 15 percent less than the volumes it had sought for over February to April. The state-owned firm’s fuel oil requirements are lower due to less demand from the…http://alternativeenergy.com.pk/national-news/april-july-pso-seeks-700000-tonnes-of-fuel-oil-tender-document-showed-state-owned-firms-fuel-oil-requirements-are-lower-due-to-less-demand/

Premier directs immediate release of Rs11b to Pakistan State Oil (PSO), import fuel for power generation companies

ISLAMABAD: 
Prime Minister Mir Hazar Khan Khoso directed the finance ministry on Thursday to immediately release Rs11 billion to Pakistan State Oil (PSO), so that it can import fuel for power generation companies in a bid to overcome the looming possibility of severe load shedding in the coming…http://alternativeenergy.com.pk/national-news/premier-directs-immediate-release-of-rs11b-to-pakistan-state-oil-pso-import-fuel-for-power-generation-companies/

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