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1-10 results from 1000 for query «oil»

May 23, 2018 12:00 AM US sanctions five Iranians for supporting Houthis

WASHINGTON: The United States on Tuesday imposed sanctions on five Iranians it said had provided Yemen’s Houthis with expertise and weaponry that were then used to launch missiles at cities and oil infrastructure in Saudi Arabia. In a statement, the US Treasury named the individuals as Mehdi Azarpisheh, Mohammad Jafari, Mahmud Kazemabad, Javad Shir Amin, and Sayyed

May 23, 2018 12:00 AM NAB chief orders various complaint verifications

ISLAMABAD: Chairman National Accountability Bureau Justice (retd) Javed Iqbal on Tuesday ordered complaint verification against the Petroleum Division and other federal ministries for establishing companies allegedly in violation of law. The complaint verification was initiated on the complaint filed in the NAB that two years back, the Ministry of Petroleum 1

May 22, 2018 12:00 AM Oil imports climb 30.4pc in 10 months

KARACHI: Imports of petroleum products soared 30.4 percent to $11.44 billion in the first 10 months of the current fiscal year of 2017/18 as oil prices continued to post recovery from the 2014’s lows, official data showed on Monday. Pakistan Bureau of Statistics (PBS) data showed that imports of petroleum products increased from $8.78 billion in the corresponding

May 19, 2018 12:00 AM Getting Rs54 bn loans written off: SC issues notices to 222 individuals, companies

ISLAMABAD: The Supreme Court (SC) issued notices to 222 individuals and companies that had allegedly got loans of Rs54 billion written off. A press release issued by the apex court on Friday revealed that a two-member bench, headed by Justice Mian Saqib Nisar, Chief Justice of Pakistan, and comprising Justice Mushir Alam heard suo motu case No.26 of 2007 with HR cases 1

May 19, 2018 12:00 AM EU launches measures to protect European business in Iran

BRUSSELS: The European Commission said on Friday it had started the process of renewing a sanctions-blocking measure to protect European businesses in Iran, after the United States pulled out of the Iran nuclear accord and reimposed sanctions on Tehran. The Commission said in a statement it had "launched the formal process to activate the Blocking Statute 1

May 16, 2018 12:00 AM Oil output rises to 90,337 barrels/day in July-April

KARACHI: Oil production marginally rose 1.9 percent to 90,337 barrels/day (bpd) during the first 10 months of the current fiscal year of 2018, official data showed on Tuesday. Local oil output stood at 88,635 bpd in the corresponding period a year earlier, the Pakistan Petroleum Information Service’s data showed. Gas production, however, fell one percent 5

May 16, 2018 12:00 AM FDI increases 2.4pc to $2.237 billion in 10 months

KARACHI: Foreign direct investment (FDI) in Pakistan increased 2.4 percent to $2.237 billion in 10 months of the current fiscal year, the central bank data showed on Tuesday, mainly on the back of energy and construction projects. However, FDI flows dropped to $143.7 million in April from $179.7 million in the corresponding period of the last fiscal 2

May 16, 2018 12:00 AM ExxonMobil eager to bring LNG supplies to Pakistan

Islamabad: ExxonMobil LNG Market Development, Chairwoman, Emma Cochrane, has said that Pakistan was a key strategic market for ExxonMobil and the company was eager to bring LNG supplies to fuel the country’s strong projected growth, says a press release. Whilst delivering her speech on LNG Market Development, during GEO, Board of Investment Conference 3

May 12, 2018 12:00 AM UAE extends military reach in Yemen, Somalia

ABU DHABI: Military transport planes from the United Arab Emirates landed on the sleepy Yemeni island of Socotra last week, unloading tanks and troops as part of the Gulf Arab state´s drive to extend its influence over a strategic waterway flanked by war zones. The UAE, with a population of less than 10 million but the Arab world´s second-largest economy 1

May 11, 2018 11:54 AM Trump's Iran deal exit an 'opportunity' for Turkey, says minister

The Turkish economy minister on Friday said the United States' withdrawal from the Iran nuclear deal was an “opportunity” for Turkey, insisting there would be no let-up in trade with Tehran. Despite strong protests and last-minute lobbying by his European partners, US President Donald Trump announced that Washington would withdraw from the historic nuclear 1