Power & Energy

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    PM against giving utility supply to new industries outside EZs

    Jasim Uddin | Updated at 11:02pm on December 28, 2019

    Prime minister Sheikh Hasina has instructed the authorities concerned to stop providing in phases power, gas and other utility connections to new industries to be...

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    Power Div seeks tax holiday for private plants to miss deadline

    Jasim Uddin | Updated at 11:06pm on December 25, 2019

    Power Division of the power, energy and mineral resources ministry has sought income tax holiday for 15 years for the private power generation companies which...

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    Saudi, Kuwait ink deal to resume joint oil output

    Agence France-Presse . Kuwait City | Updated at 12:00am on December 25, 2019

    Saudi Arabia and Kuwait signed an agreement on Tuesday to resume pumping at two major oil fields in a shared neutral zone shut for five...

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    Gazprom pays $2.9b to settle Ukraine dispute

    Agence France-Presse . Moscow | Updated at 12:00am on December 22, 2019

    Russian energy giant Gazprom has agreed to pay $2.9 billion to its Ukrainian counterpart Naftogaz to settle a long-running dispute over transit fees for gas...

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    Germany, EU hit out at US over US sanctions on Russian gas pipeline

    Agence France-Presse . Berlin | Updated at 12:00am on December 22, 2019

    Germany accused the US of interfering in its internal affairs on Saturday, in an increasingly angry spat over Washington’s decision to impose sanctions on companies...

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    Pvt LNG terminals to keep getting tax waiver on imports

    Staff Correspondent | Updated at 12:00am on December 20, 2019

    The National Board of Revenue has exempted the two private floating liquefied natural gas import terminals from payment of value-added tax, supplementary duty and advance...

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    Oil hits 3-month high

    Reuters . London | Updated at 12:00am on December 14, 2019

    Oil rose on Friday to its highest in nearly three months as progress in resolving the US-China trade dispute and Britain’s general election result appeared...

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    India’s fuel demand growth hits near two-year high in November

    Reuters | Updated at 12:00am on December 13, 2019

    India’s fuel demand grew by 10.5 per cent in November from a year earlier, its fastest pace since January 2018, driven by higher consumption of...

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    Saudi Aramco shares to start trading Dec 11

    Agence France-Presse . Riyadh | Updated at 12:00am on December 08, 2019

    Saudi Aramco shares would start trading domestically next Wednesday, the Riyadh stock exchange said, after the energy giant raised $25.6 billion in the world’s biggest...

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    Saudi delivers deeper cuts as OPEC+ oil producers back new pact

    Reuters . Vienna | Updated at 12:00am on December 08, 2019

    Saudi Arabia spearheaded a deal on Friday that will see the OPEC+ group of oil producers commit to some of the sector’s deepest output cuts...