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Posts tagged ‘Pakistan State Oil’

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

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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/

Government set to clear Rs 11 billion of Karachi Electricity Supply Company (KESC) dues to Pakistan State Oil (PSO)

The government has decided to clear outstanding dues amounting to Rs 11 billion of Pakistan State Oil (PSO) against Karachi Electricity Supply Company (KESC) on account of furnace oil supply from 2009-13. This was decided here at a meeting on Thursday, which was attended by senior officials of…http://alternativeenergy.com.pk/national-news/government-set-to-clear-rs-11-billion-of-karachi-electricity-supply-company-kesc-dues-to-pakistan-state-oil-pso/

Two Independent Power Plants (IPPs) Saba Power, Sepcol still owe Rs 1.2 billion to PSO

Two Independent Power Plants (IPPs) – Saba Power and Sepcol – have still not cleared their fuel supply dues they owe to Pakistan State oil (PSO) for July last year amounting to as much as Rs 1.2 billion, an official told this correspondent on Wednesday.
According to sources in the…http://alternativeenergy.com.pk/national-news/two-independent-power-plants-ipps-saba-power-sepcol-still-owe-rs-1-2-billion-to-pso/

Refineries protest against excessive high speed diesel (HSD) imports

ISLAMABAD: As the country feels the pressure on its balance of payments, oil refineries have blamed the former Pakistan Peoples Party-led government for allowing excessive imports of high speed diesel (HSD) and spending $600 million in March alone.
“Excessive diesel imports in the midst of a…http://alternativeenergy.com.pk/national-news/refineries-protest-against-excessive-high-speed-diesel-hsd-imports/

Dues payment: Ministry prefers PSO to IPPs

Water and Power Ministry is reportedly giving preference to Pakistan State Oil (PSO) in payments to the Independent Power Producers (IPPs) which are facing default on payments to lenders, well-informed sources in PPIB told Business Recorder. All the IPPs are seeking support from concerned…http://alternativeenergy.com.pk/national-news/dues-payment-ministry-prefers-pso-to-ipps/

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