Tag: Petroleum sector
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Shell Pakistan’s domestic operations set for sale to Saudi company
On Wednesday, Shell Pakistan (SHEL.PSX) announced that its parent company’s subsidiary, Shell Petroleum Company, has entered into an agreement with Wafi Energy for the sale of its domestic operations.
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Pakistan aims to enhance Saudi oil facility to $3.6 billion
A spokesperson for the Petroleum Division said that Pakistan is in talks with Saudi Arabia to increase the size of an oil facility on deferred payments from its current $1.2 billion to $3.6 billion. According to The News, when former Prime Minister Imran Khan visited Riyadh in October of last year, Saudi Arabia made a…
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Petroleum sector: Shahzeb Khanzada’s report claiming losses worth over Rs100 billion troubles govt
Whopping losses of Rs122 billion were inflicted to the national exchequer in the petroleum sector alone due to fallout of illogical delays and misguided decisions, but the prime minister (PM) and his teammates are not prepared to disclose as to who benefitted from the damage, journalist Shahzeb Khanzada has claimed. During his show on Geo…