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Iran to build oil refinery in Gwadar: Dr Asim

Source: The News | 21-02-2013

Iran in cooperation with Pakistan state oil (PSO) will build an oil refinery at Gwadar, Petroleum Advisor Dr Asim Hussain.

Talking to mediamen after holding a meeting with Iran's Minister of Oil Rostam Qassemi, Dr Asim said that the refinery would refine 400,000 barrels of oil per day. He added that President Asif Ali Zardari would soon visit Iran to finalize the agreement in this regard.

To a question he said that a Pakistani delegation would visit Iran to finalize Engineering Procurement and Construction (EPC) agreement on Iran-Pakistan gas pipeline project.

Earlier Dr. Asim Hussain held a meeting with Iranian delegation led by Iran's Petroleum Minister Rostam Qassemi at a local hotel. During the meeting various expert groups were set up to discuss bilateral cooperation in energy sector.

Oil up in Asian trade on Syria concerns

Source: Geo News | 27-08-2013

SINGAPORE: Oil rose in Asian trade Tuesday on concerns over possible US military action against Syria after Washington warned President Bashar al-Assad's regime it would face action over an alleged chemical weapons attack. New York's main contract, West Texas Intermediate (WTI) for delivery in October, was up 57 cents to $106.49 in mid-morning trade, ..... Read more

Gold moves above $1,600/oz on uncertainty

Source: The Nation | 28-03-2013

Gold rebounded from earlier losses to above $1,600 an ounce on Wednesday, as poor economic data in the eurozone added to worries over the debt crisis in Cyprus, triggering some demand for safe havens. The euro hit a four-month low against the U.S. currency, helping lift the dollar index to a 7-1/2-month high, as worries grew that the Cyprus rescue will ..... Read more

Tomato prices witness sharp increase

Source: The Nation | 15-03-2013

Tomatoes prices have increased during the last two weeks from Rs 20-30 to 90-100 per kilogram. Tomatoes, used in a variety of food products, were available in the retail market at Rs90-100 per kg during last week. General Secretary of Rawalpindi Fruit Market Association, Qadir Mir said that increase in prices of tomatoes is due to gap between demand an..... Read more

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