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London, United Kingdom: Gulf Oil International Limited (Gulf), a global leader in providing a comprehensive range of high-performance lubricants and related products across a diverse range of market segments for more than a century, has partnered with OTO Pakistan (Private) Limited (OTO) in the Pakistan market. OTO is a conglomerate in retail fuel st …

In a key development for the country’s oil sector, global lubricants giant Gulf Oil announced that it has entered the Pakistani market in partnership with OTO Pakistan.” We at OTO Pakistan (Pvt) Ltd being in retail of fuel stations and convenient stores, have joined forces with Gulf to bring their top-notch lubricants and fluid products to ev …

May 25, 2023 ISLAMABAD: Pakistan is set to introduce an oil refining policy for existing refineries, referred to as brownfield sites, within the next week or two, minister for state on petroleum Musadik Malik said on Wednesday. Malik told a group of journalists that the policy is in the final stage and will be offering incentives to encourage them t …

ISLAMABAD: Pakistan is set to introduce an oil refining policy for existing refineries, referred to as brownfield sites, within the next week or two, minister for state on petroleum Musadik Malik said on Wednesday. Malik told a group of journalists that the policy is in the final stage and will be offering incentives to encourage them to upgrade th …

ISLAMABAD:  Prime Minister Office has demanded clarification from the petroleum division regarding non-cancellation of license, unauthorized show cause notice withdrawal against M/s Heritage Oil & Gas Limited (HOGL) without government approval and resolution of unsettling issues plaguing the Zamzama North Block. In a letter, the PMO raised c …

ISLAMABAD: The vessels carrying 100,000 tons of discounted Russian oil will arrive at Pakistan ports in the first week of June which is part of the energy security plan of the government. State Minister for Energy, Musadik Malik announced this during an off-camera meeting with mediapersons on new refinery policy, which aims at incentivising the gree …

ISLAMABAD-Minister of state for petroleum Musadiq Malik has said that investors planning to install a new refinery with a capacity of over 300,000 barrels per day will receive a 20-year tax holiday. Additionally, a deemed duty of 7.5 percent will be offered on the import of petrol and high-speed diesel for 25 years. For new refineries with a capaci …

KARACHI: Collectorate of Customs Enforcement in Karachi has successfully seized Iranian smuggled petroleum products and other foreign goods worth around Rs 792 million over the past 20 days. The significant seizure was announced by Collector Enforcement Aamir Thaem during a press conference held at the Customs House in Karachi. During the operation, …