Iran is exporting a lot more crude oil than U.S. figures suggest, data from TankerTrackers.com has revealed, as reported by NBC News. According to the data, Iran is exporting as much as 600,000 barrels daily, using ship-to-ship transfers with transponders turned off to avoid detection, skirting U.S. sanctions. The daily average number compares with an estimate of 227,000 bpd made in a…
Read More
ISLAMABAD: Federal Minister for Energy Omar Ayub announced on Wednesday that the new energy policy has been approved for making a major shift to electricity generation to renewable and alternative sources in Pakistan, ARY News reported. Omar Ayub, while addressing a press conference along with Special Assistant to the Prime Minister on Petroleum Division Nadeem Babar in Islamabad today, said…
Read More
Pakistan legend, Javed Miandad, has claimed that he was the main driving force behind Imran Khan during his election campaign which paved the way for the latter’s ascent to power. In a YouTube video, Miandad claimed that Imran Khan has appointed inept individuals in the Pakistan Cricket Board (PCB) after becoming the Prime Minister. As a result, cricketers have lost…
Read More
Pakistan is all set to purchase the cheapest LNG cargo at a record low price. The SOCAR Trading ( The State Oil Company of Azerbaijan Republic) has placed its lowest proposal to Pakistan LNG Ltd for a liquefied natural gas cargo for delivery in late August. The P.L.L. received an offer for an August 27th – 28th delivery cargo at about…
Read More
The supply chain creates waste and every stage, and consumers contribute the most in developed countries. In the Netherlands consumers make up 33% of food waste; In the United States, 40-50 per cent of food is thrown away. This is around 76 billion pounds of food per year. Consumers need to find solutions and awareness on how they can change…
Read More
Last month, Prime Minister Imran Khan “launched”—for the fourth time in two decades—the Diamer-Basha Dam project, which promises to provide energy-strapped Pakistan with 4,500MW of hydroelectric power. However, it doesn’t come without a steep cost: more than 40,000 people are expected to be displaced, and over 37,000 ancient carvings and inscriptions submerged, in the area that will make up the…
Read More
An energy startup named Emrod says it’s bringing wireless electricity to New Zealand, more than a century after Nikola Tesla first demonstrated it was possible. Like the best-performing satellite internet connections, Emrod’s link only needs a clear line of sight. In a statement, Emrod founder Greg Kushnir says he was motivated by New Zealand’s particular set of skills, à la…
Read More
LAHORE: Like the mythological phoenix, the dying river Ravi is set to rise from its remains and give birth to a new Lahore on the largest 46 kilometers long riverfront to compete with any modern city in the world. An ambitious urban development project initiated by the Prime Minister Imran Khan’s government to build a new Pakistan, Ravi River Front Urban…
Read More
The former chief of Mexico’s state oil giant has accused former President Enrique Pena Nieto of taking bribes, Mexico’s Attorney General’s Office said. In a televised statement, Attorney General Alejandro Gerts Manero said Pena Nieto and finance minister Luis Videgaray had allegedly tasked former Pemex chief Emilio Lozoya to use more than $4 million in illicit payments from Brazilian conglomerate Odebrecht…
Read More
Iran is considering letting residents invest in oil on the domestic energy exchange, Iranian President Hassan Rouhani said, as the Islamic Republic’s economy and its people are struggling with the coronavirus outbreak, low oil prices, and U.S. sanctions on Iran’s energy, shipping, and banking industries. “The government, especially the economic board, has always been trying to adopt and implement policies…
Read More
