Day: February 6, 2020

Oil prices dipped only slightly after the Energy Information Administration reported a crude inventory build of 3.4 million barrels for the last week of January.PauseUnmuteLoaded: 100.00%Remaining Time -0:40Picture-in-PictureFullscreen This compares with an inventory build of 3.5 million barrels for the previous week and analyst expectations of a 3-million-barrel increase for the week to January 31. In gasoline, the EIA reported an inventory draw of 100,000 barrels for the…

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(PR): Adviser to Prime Minister on Climate Change Malik Amin Aslam has urged the Pakistani companies showing excellence in corporate philanthropy to join hands with the government as partners in the Prime Minister’s Clean and Green Pakistan initiative. He stated this while speaking as being the guest of honour at the 12th Annual CSR Summit and Awards-2020 organized by National Forum for…

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 6th Feb, 2020 ) :The overall production of petroleum commodities witnessed a decrease of 12.19 per cent during first five months of the current fiscal year (July-November) as compared to corresponding period of 2018-19. The petroleum products that showed negative growth included Jet Fuel Oil, the production of which decreased by 4.12…

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ISLAMABAD: The government is working on a new LPG policy through which it aims to slash taxes on imported LPG, marketing and distribution margins while linking locally produced LPG with 90% of Saudi Aramco contract price (CP). The Petroleum Division has further proposed that the state-owned companies must import at least 50% of yearly LPG demand deficit and develop storages. At…

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KARACHI: Pakistan Petroleum Limited (PPL) plans to export up to 400,000 barrels of crude condensate produced from its Gambat South Block, as the company explores opportunities to grow internationally and become a regional leader in exploration and production, The News has learnt. According to a company document, the PPL aims to export as much as 32,500 barrels/month through a third…

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The biogas initiative was launched in Pakistan as early as the 1980s. In the meantime, almost nothing of significance has happened; a few thousand family sized biogas units have been installed, thanks to the RSPN and others’ action or lack of it. By comparison, India has installed 4 million units and China six million household units. This translates to one…

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Solar panel technology has played an essential role in the overall shift to renewable and sustainable energy sources. However, one of the major downfalls of this method is that it cannot generate energy after sunset. This might change in the near future. According to researchers, combining photovoltaic cells with thermoradiative cells can help the solar panels generate at least one-quarter…

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Pakistan LPG (Liquefied Petroleum Gas) Marketers Association (PLPGMA) on Wednesday welcomed Oil and Gas Regulatory Authority (OGRA) decision to review dual jurisdictions and make the process of obtaining license for LPG transportation simpler LAHORE, (APP – UrduPoint / Pakistan Point News – 5th Feb, 2020 ) :Pakistan LPG (Liquefied Petroleum Gas) Marketers Association (PLPGMA) on Wednesday welcomed Oil and Gas Regulatory Authority (OGRA) decision to…

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ISLAMABAD: Lubricant oils are as important as petrol and diesel. It is a high margin lucrative business for all those involved in the supply chain. It is unregulated as well giving pricing freedom to the lubricants suppliers and manufacturers. Unfortunately, scant attention has been paid to the issues involved in this sector. It used to be an under regulated sector requiring…

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ISLAMABAD: The Oil and Gas Regulatory Authority has vehemently refuted and categorically rejected a media report titled “OGRA Member Gas ‘delays’ bringing LPG bowsers to tax net”, terming the story “incorrect, malicious and misleading”. In response to the above-mentioned story Published in Pakistan Today on 3rd Feb 2020, the authority stated, “Although OGRA ordinance have been in force and affect since…

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