ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has been urged to reduce the gas tariff by 40 percent, in line with sharp decline in crude oil and furnace oil globally, and cap the human resource expenditure of the Sui Northern Gas Pipeline Limited (SNGPL), in a public hearing on Determination of Estimated Revenue Requirements (DERR) for financial year 2020-2021,…
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ISLAMABAD: Strongly opposing a petition for almost 110 per cent higher gas rates, various stakeholders on Wednesday demanded rather substantial reduction in prices in line with drastic fall in international oil prices. The Oil & Gas Regulatory Authority (Ogra) had called a public hearing on the request of Sui Northern Gas Pipelines Limited (SNGPL) which is seeking almost 110pc increase…
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Elengy Terminal Pakistan Limited (ETPL), a joint venture between Vopak LNG Holding BV and Engro Corporation, has planned to set up the first onshore liquefied natural gas (LNG) storage and regasification terminal at Port Qasim, Karachi. In this regard, the project management has invited expressions of interest from interested parties, which intend to secure regasification, storage and other operational services…
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Signing Agreement 1124 MW Project
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ISLAMABAD, Jun 25 (APP):A tripartite agreement was signed here Thursday between a Chinese company and the governments of Pakistan and China for construction of 1,124 megawatt Kohala Hydropower Project costing $2.4 billion. The signing ceremony, held at PM Office, was witnessed by Prime Minister Imran Khan, Azad Jammu and Kashmir Prime Minister Raja Farooq Haider, federal cabinet members, Chinese Ambassador…
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Migratory birds have flocked to the wetlands of Sindh in greater numbers this year, and officials and observers link the increase to coronavirus lockdown measures that have kept hunters and bird catchers away. Pakistan, which has recorded over 185,000 cases and 3,696 deaths related to the virus, lifted a month-long country-wide lockdown last month. A survey conducted this year observed…
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The Islamabad High Court on Tuesday gave the federal government two weeks to submit its response to a petition filed against the lack of e-commerce facilities in the country. IHC CJ Athar Minallah issued notices to the commerce and information technology ministries, noting that the petitioner was aggrieved because the respondents had failed to implement the mandatory requirements envisaged in…
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The Islamabad High Court (IHC) on Tuesday refused to stay governmental action against an oil marketing company (OMC) accused of hoarding and black marketing fuel as it asked the federal government and other respondents to submit replies to the OMC’s petition by June 25. The IHC single bench headed by Chief Justice Athar Minallah issued this order while hearing plea…
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Another Chinese oil firm has defaulted on a dollar-denominated bond, bringing the total value of defaults in all sectors of China’s offshore bond market to US$4 billion so far this year, more than double the value of defaults in the same period last year, Bloomberg estimates. Oil equipment and oil services company Hilong Holding said on Monday that it is defaulting on a US$165-million…
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Prime Minister Imran Khan reiterated on Monday that the months of June and July will be difficult for Pakistan with regards to the coronavirus outbreak in the country. We will incrementally increase shelter homes in Pakistan, he said, referring to the Centre’s plans to provide relief to lower-income groups, which have been hit hard by the financial impact of the virus.…
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