Petroleum Division Issues Six New Concessions/Exploration Licenses of Oil and Gas Blocks
Federal Minister for Energy, Muhammad Hammad Azhar, graced the signing ceremony of Petroleum Concessions/Exploration Licenses of six oil and gas blocks at Petroleum Division today.
Director-General Petroleum Concession Petroleum Division granted Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) over Block No. 3068-6 (Killa Saifullah) and Block No.3067-7 (Sharan) with Oil & Gas Development Company Limited (OGDCL) and Mari Petroleum Company Limited (MPCL), Block No. 3069-9 (Suleiman) with OGDCL and Pakistan Petroleum Limited (PPL) and Block No. 2467-17 (Sujawal South), Block No.3273-5 (Jhelum) and Block No.3272-16 (Lilla) with OGDCL.
KSE-100: Covid lockdown fear extends losses; index plunges 376 points
April 23, 2021
Stocks extended their losses for the second day at Pakistan Stock Exchange (PSX) on Thursday, as rising fear over fresh rounds of Covid lockdown restrained the index.
On Thursday , the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,496.82 level after gaining 190.28 points. However, paring early gains the index reversed its trajectory and clocked at 45,929.61 index level by the closing bell after posting a 376.93 points loss.
During the session the market was gripped with fears of rising Covid cases, after the Federal Minister for Planning and Development and the Chief of the National Command and Operation Centre (NCOC) Asad Umar on issued a warning and said that if the coronavirus situation continues to worsen in the country, the government will be compelled to impose more restrictions, which dampened investors’ confidence.
Petroleum Division awards 6 new blocks to step up E&P activities Fri 23rd April 2021 | 12:30 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 23rd Apr, 2021 ) :Petroleum Division on Friday awarded six more oil and gas blocks to three leading companies aimed at achieving self-sufficiency in the energy sector by increasing Exploration and Production (E&P) activities in potential areas of the country.
Minister for Energy Muhammad Hammad Azhar witnessed the signing ceremony of Petroleum Concessions/Exploration Licences of 6 oil & gas blocks that held here at the Petroleum Division, a news release said.
The Exploration Licences (ELs) and Petroleum Concession Agreements (PCAs) were signed by Secretary Petroleum Mian Asad Hayaud Din and Director General Petroleum Concessions Abdul Jabbar Memon on behalf of the government. While, Managing Director (MD) Oil and Gas Development Company Limited (OGDCL) Shahid Saleem Khan, MD Mari Petroleum Company Limited (MPCL) Faheem Haider and MD Pa
Exploration Licences and PCAs signed
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ISLAMABAD, Pakistan: The Federal Minister for Energy Muhammad Hammad Azhar graced the signing ceremony of Petroleum Concessions/ Exploration Licences of 6 oil & gas blocks at Petroleum Division in Islamabad on Friday.
These Exploration Licences and Petroleum Concession Agreement (PCAs) were signed by Mian Asad Hayaud Din, Secretary Petroleum Division, Mr. Abdul Jabbar Memon, Director General Petroleum Concessions on behalf of Government of Pakistan, Mr. Shahid Saleem Khan, Managing Director, OGDCL, Mr. Faheem Haider, Managing Director, MPCL and Mr. Moin Raza Khan, Manager Director, PPL.
Director General Petroleum Concession, Petroleum Division granted Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) over Block No. 3068-6 (Killa Saifullah) and Block No.3067-7 (Sharan) with Oil & Gas Development Company Limited (OGDCL) and Mari Petroleum Company Limited (MPCL), Block No. 3069-9 (Suleiman) with OGDCL and Pakistan Petroleum
Four killed in car bombing outside Pakistan hotel where Chinese ambassador was reportedly staying
A car bomb blast outside a luxury hotel where the Chinese ambassador was reportedly staying in the southwestern Pakistani city of Quetta has killed four people and injured 12, according to local authorities.
Quetta is the capital of the province of Balochistan, near the Afghan border. The province has seen a decades-long insurgency by separatists who demand independence from Pakistan, citing what they say is the state’s monopoly and exploitation of the province’s mineral resources.
The explosion outside the Serena Hotel took place late Wednesday night local time and rescue and security services are carrying out investigations into the incident, Muhammad Akram, a rescue official at the scene of the blast, told CNN.