Vienna - Austrian energy provider EVN AG on Thursday reported its net profit decreased by 14.4 per cent to 190 million euros (278.8 million dollars) in the first three quarters of its 2007/08 business year due to higher primary energy prices.
EVN's earnings from operations fell to 165.4 million euros between October 2007 and June 2008, 11.5 per cent less than in the same period of the previous business year.
Lower temperatures helped to collect 8.3 per cent more in revenues, the company said. Sales rose to 1.84 billion euros so far this year, up from 1.70 billion euros.
Cairn India would engage in oil production in the fields of Rajasthan. It will produce up to 71 per cent more oil as per the statement of a top company executive. Cairn India is a subsidiary of the UK-based Cairn Energy which is operating in Indian region. Cairn Energy is also keen to expand its business in new territories such as Greenland. It has 50,000 square kilometers in Greenland and expecting more number of blocks in forthcoming months.
Karachi, Aug 28 : The CNG (compressed natural gas) is sold in Pakistan at more than double the rate of what it is sold at in India, despite the fact that the former is a producer of the fuel and the latter is an importer, said Sindh Bar Council’s (SBC) Human Rights Committee chairman, Adv Aqil Lodhi in a press statement.
He said while in Pakistan CNG is sold at Rs 22 per kg, it is sold at Rs 44.50 in India, and also called for a reduction of the price of CNG to Rs 27.50 per kg.
ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, has agreed to acquire LSE-listed Imperial Energy Corporation plc for approximately £1.4 billion (about Rs 11,400 crore).
Under the terms of the share offer, Imperial Energy shareholders will be entitled to receive 1,250 pence in cash for each Imperial Energy share held.
Islamabad, Aug 27: If sources in Pakistan Petroleum Ministry are to be believed, Balochistan has demanded its share in the transit fee for the part of the proposed Iran-Pakistan-India (IPI) gas pipeline to be passed through the province.
The demand was made during a top-level meeting on August 18, the Daily Times quoted the sources as saying.
Baloch leaders have for long accused the successive federal government of adopting a step-motherly treatment in allocating development funds for the area.
Vienna - Austrian energy provider EVN AG on Thursday reported its net profit decreased by 14.4 per cent to 190 million euros (278.8 million dollars) in the first three quarters of its 2007/08 business year due to higher primary energy prices.
Karachi, Aug 28 : The CNG (compressed natural gas) is sold in Pakistan at more than double the rate of what it is sold at in India, despite the fact that the former is a producer of the fuel and the latter is an importer, said Sindh Bar Council’s (SBC) Human Rights Committee chairman, Adv Aqil Lodhi in a press statement.
ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, has agreed to acquire LSE-listed Imperial Energy Corporation plc for approximately £1.4 billion (about Rs 11,400 crore).
Islamabad, Aug 27: If sources in Pakistan Petroleum Ministry are to be believed, Balochistan has demanded its share in the transit fee for the part of the proposed Iran-Pakistan-India (IPI) gas pipeline to be passed through the province.
