Turkey’s pursuit of contested oil and gas reserves has ramifications ‘well beyond’ the region

An intensifying dispute in the Eastern Mediterranean over oil and gas exploration rights at sea has seen tensions flare between Turkey and Greece, with one regional expert describing the situation as the “most dangerous” in years. Turkey and Greece, both members of NATO, are at loggerheads over competing claims to energy reserves in contested Eastern Mediterranean waters. The countries and…

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Pending dues, tariff adjustments

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ISLAMABAD: Karachi Electric (KE) has decided to make a public appeal to the federal government for clearance of its pending dues immediately and adjustment in its tariff, well-informed sources told Business Recorder. Karachi’s power tariff is Rs 2.89/unit less than the rest of the country and must be brought in line with the prevalent Uniform Tariff Policy across Pakistan. The sources said K-Electric will…

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China pivots to old ally Pakistan for coal after Australia spat

KARACHI — As tensions grow between China and Australia, the superpower’s main coal supplier, work is being stepped up in Pakistan’s largest coalfield on a project conceived to feed local power plants, but which some experts believe might provide Beijing with an option for an alternative source of coal.  After months of delay due to the COVID-19 pandemic, some 500 employees of Shanghai…

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Dissecting the IPP agreement

The writer is a former member of the Energy Planning Commission and author of ‘Pakistan’s Energy Issues: Success and Challenges’. Recently an agreement has been signed between a section of IPPs and the government towards resolving the undue and high cost of generation charged by the IPPs. Two separate agreements have been made, one with Wind IPPs and the other…

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Pakistan to import Euro-5 standard petrol from Sep 1: Nadeem Babar

ISLAMABAD, Aug 19 (APP):Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar Wednesday said the country would start importing only Euro-5 standard petrol from September 1, aimed at providing quality fuel and tackling environmental issues. “Efficiency-wise, the Euro-5 petrol is far better than the existing Euro-II and will be available without any additional cost,” he said while sharing…

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Asia to import record LPG in 2020 as pandemic boosts demand for protective gear, cooking

SINGAPORE: Asia will likely import record volumes of liquefied petroleum gas (LPG) in 2020 as firms snap up the fuel to make petrochemicals used in protective gear against the coronavirus, while households under lockdown ramped up purchases for cooking. The region will buy some 67-69.5 million tonnes of the gas from abroad this year, surpassing last year’s record, analysts from consultancy…

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Govt initiates process to recover Rs417b GIDC

ISLAMABAD: The government has initiated the process to recover Rs417 billion collected by various sectors of economy in the head of GIDC (Gas Infrastructure Development Cess) and to this effect Petroleum Division has asked the heads of gas companies, and public sector exploration and production companies to initiate the recovery process with immediate effect. Director Technical of Directorate General of…

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