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PERTH: Oil prices extended overnight gains and rose above $82 a barrel on Wednesday, supported by a weaker dollar and expectations that producer group OPEC will keep oil output cuts in place at a meeting later in the day. An industry report that showed a
By our correspondent KarachiPower generation from the Bin Qasim Thermal Power Station of the Karachi Electric Supply Compnay (KESC) shot up from 445 megawatts (MWs) to 640MWs, after the fourth generation unit starting producing electricity following
KarachiThe Karachi Electric Supply Company (KESC) expects the government to restore the originally agreed gas supply of 225 million cubic feet per day soon and help it generate the required power for the metropolis, said CEO KESC, Tabish Gohar.Talking to
KarachiThe Pakistan State Oil (PSO) will continue to supply furnace oil to the Karachi Electric Supply Company (KESC) to ensure that citizens do not suffer loadshedding.This was stated by Managing Director PSO Irfan Qureshi during a press conference here
Wildcat: Gazprom spins Algerian probe. related stories Russian energy giant Gazprom spud its first exploration well in the Berkine basin in Algeria. Gazprom spud the Rhourde Sayah-2 exploration well on the el-Assel license area about 300 miles south of
Algeria will ask other major gas exporters to stop flooding markets with spot gas deliveries when they meet next month, Algerian energy minister Chakib Khelil said today.
Troll: Statoil lays out spending plans. related stories Norway state-controlled Statoil will invest 20 billion Norwegian kroner ($3.41 billion) to boost oil recovery in the Troll field, also Norway's largest gas field, a senior executive at the company
Angola: Oil Minister Jose Maria Botelho de Vasconcelos related stories Angola could re-open a bidding round for oil exploration next year, Oil Minister Jose Botelho de Vasconcelos said in an interview in Vienna today. "The signals sent by the economy
(ATR) A dispute over revenue from offshore oil in Brazil could lead to problems paying for the massive infrastructure needed for the 2016 Olympics warns organizing committee chief Carlos Nuzman. . To continue reading this article you must be a subscriber
