Govt must intervene immediately to save petroleum sector, new profit formula imperative for dealers: Ghiyas Paracha Karachi, April 20, 2020: Leader of the Petroleum Dealers Association and All Pakistan CNG Association Ghiyas Abdullah Paracha on Monday said the petroleum dealers have reached to the brink of bankruptcy due to uncertain conditions and nationwide lockdown. The…
Karachi, December 20, 2019: Petroleum Institute of Pakistan (PIP) in collaboration with NED University of Engineering & Technology organized a seminar on the topic of “Future of Petroleum Engineering in Hydrocarbon Industry” on 19th December 2019 at NEDUET premises, Karachi. The seminar comprehended and addressed the future of petroleum engineering in the hydrocarbon industry of Pakistan…
Karachi, September 24, 2019: Byco Petroleum Pakistan Ltd. gross turnover increased by 17 percent from the previous year to Rs. 251 billion following an increase in oil prices and Rupee’s devaluation. Pakistan’s economic growth slowed considerably to nine-year lows of 3.3% in the previous fiscal year. The oil sector witnessed a 22% decline in consumption….