Chinese companies losing interest in second phase of CPEC
Under the current political circumstances in Pakistan, Chinese investors have reportedly freezed billions of dollar investment planned for second phase of China Pakistan Economic Corridor (CPEC). CPEC Authority has identified 19 Chinese companies, which have shown keen interest in different sectors for investment billions of dollars. All 19 Chinese companies were ready to invest billions […]
Engro Power Plant to get gas from Kandhkot gas field
226 MW Engro Powergen Qadirpur Limited (EPQL) which is still waiting to be allocated gas, is expected to be supplied through Kandhkot gas fields. In this regard the Private Power & Infrastructure Board (PPIB) has also advocated the allocation from Kandhkot field. EPQL believes that it is an ideal consumer of Kandhkot gas, as the […]
Petroleum division demands undertaking from HPHL
The Power division has demanded and undertaking from Hub Power Holdings Limited (HPHL) in favour of M/s Prime International Oil and Gas Company Limited (PIOGCL) for sale of Eni Pakistan Ltd to the PIOGCL. According to sources Directorate General of Petroleum Concession (DGPC) has asked the MD Eni Pakistan Limited to provide the undertaking on […]