Tag Archives: crude

The year 2018 was no different for Pakistan since there was surge in the oil import bill despite the lower international prices. On the one hand, increase in the use of oil indicates economic activities, however, on the contrary, it …

Crude oil refineries are the most important segment of the energy chain in Pakistan. They not only save billions of dollars every year, but also add value, provide employment and make substantial contribution to the national exchequer. However, it will …

The OPEC-led group of oil producers announced a supply cut of 1.2 million barrels per day (bpd) in crude oil supply from January 2019, measured against October 2018 output levels. The move follows a more than 30 percent collapse in …

Byco Petroleum Pakistan Limited a leading oil refining company in Pakistan has raised its share in the country’s gasoline supply by sevenfold. It is said that the share of Byco Petroleum has risen from 1 to 7 percent in Pakistan …

Pakistan witnessed an increase of around 80 percent in oil and gas exploration activities in different potential areas during the last four years. The government took a number of initiatives which resulted in drilling of over 179 exploratory and 194 …

Pakistan’s dependence on the hydrocarbons has been growing immensely where the dwindling indigenous resources are being counterpoise by imports. According to the Economic Survey 2016-17, the domestic production of crude oil stood at 24.2 million barrels during 9 nine month …