ISLAMABAD: The indications from Saudi Arabia so far received suggest that it would not install a world class state-of-art and deep conversion refinery and petrochemical complex in Gwadar Port as there is no system available to evacuate the petroleum products. However, Saudi Aramco has hinted at setting up the refinery with petrochemical complex at Hub, or at Somiani – coastal…
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The agreement to end the brutal U.S.-Taliban conflict in Afghanistan, which began nearly two decades ago with the 2001 terrorist attacks in New York and Washington and became America’s longest war, was signed on Saturday under the gaze of tough men in turbans, who clapped and shouted “Allahu akbar!” President Trump hailed the accord, formalized with signatures and a handshake between…
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As the World Health Organization on Friday upgraded its global risk assessment for the coronavirus to “very high”, anxious oil markets are wondering when might be a good time to panic about the oil demand and its effect on inventories, investment dollars, and ultimately, oil prices. Where We Stand So far, the coronavirus has infected more than 80,000 people worldwide,…
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National Electric Power Regulatory Authority (Nepra) said on Friday that power Distribution Companies (Discos) have not converted into commercially viable independent business entities as they continue to be plagued by financial mismanagement. Addressing the opening of the fifth day (final day) of Nepra Energy Week 2020, Nepra Member (Sindh) Rafquue Ahmad Shaikh said that the reform process envisaged corporatization of…
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ISLAMABAD: A major cut of Rs 10 in petrol price and Rs 7.3 in diesel is likely following 20 per cent fall in oil prices in the global oil market. According to media reports, the Oil and Gas Regulatory Authority (Ogra) has recommended the government to reduce Rs10 per litre in price of petrol and the price of high speed diesel…
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Adviser to Prime Minister on Climate Change Malik Amin Aslam on Friday said that notification for electric vehicles policy would be issued after getting approval from the Economic Coordination Committee (ECC) next week. This is the second time that Malik Amin had set a deadline on notifying electric vehicle policy. During his visit to Karachi in November last year, he…
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