Petrobras is resuming oil trade with the world’s top commodity trading houses Vitol, Trafigura, and Glencore, after nearly two years of suspension amid a bribery investigation into the oil trading giants, Brazil’s state-held oil firm told Reuters late on Monday. In December 2018, Brazilian authorities opened an investigation into Vitol, Trafigura, and Glencore over alleged bribery in which traders had allegedly paid…
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urkey set new all-time high records on Sept. 3 for daily electricity production and hourly electricity consumption, the nation’s energy and natural resources minister announced Tuesday. “Turkey’s energy production continues to rise, breaking records. Despite the (COVID-19) outbreak, we have a new record on daily energy production,” Fatih Dönmez reported over his Twitter account. According to the data shared by…
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Karachi: National Forum for Environment and Health (NFEH) is holding 17th Annual Environment Excellence Awards (AEEA 2020) & Conference on “Biodiversity and Post Pandemic Challenges” on September 18 at local hotel Karachi. This was announced by President Naeem Qureshi in the meeting of NFEH Advisory Committee held at NFEH Office. Naeem Qureshi said conference and colorful award ceremony will be…
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ISLAMABAD: The government has appointed a new head of two research and administration support projects of the China-Pakistan Economic Corridor (CPEC) ahead of a meeting of the highest decision-making body of the bilateral strategic initiative. The Pakistan Tehreek-e-Insaf (PTI) government has given the charge of Centre of Excellence project of CPEC and CPEC Support Project to Qazi Zaheer Ahmad, a…
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Sui Southern Gas Company’s (SSGC) consolidated loss dropped 11.3% to Rs3.24 billion in the quarter ended September 30, 2018 due to an increase in revenue from the sale of gas, according to a bourse filing on Monday. The loss had been registered at Rs3.65 billion in the same quarter of previous year, according to the company’s profit or loss account…
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ISLAMABAD: The federal government has stepped up efforts for the transfer of K-Electric shares to Shanghai Electric Power of China but differences have not been resolved over the appointment of an arbitrator that will deal with the issue of receivables and payables. An application seeking the national security certificate for the transfer of 66.4% K-Electric shares to Shanghai Electric Power…
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ISLAMABAD: The federal government on Monday removed Secretary Power Division, Omar Rasul. According to an official notification, Ali Raza Bhutta, a BS-22 officer of Pakistan Administrative Service, presently posted as Secretary Poverty Alleviation and Social Safety Division, has been transferred and posted as Secretary Power Division. The sources said, last week, a disgruntled Secretary Power Division Rasul left the Ministry…
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A series of experiments carried out by an international group of scientists allowed them to achieve the equivalent of approximately 30 years of passive carbonation of mine tailings within four weeks. In a paper published in the journal Economic Geology, the researchers say that this accelerated carbonation of mining waste significantly increases carbon capture for environmental benefit and has the potential to recover…
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ANKARA: Turkish President Recep Tayyip Erdogan backed down on Sunday from looming conflict in the eastern Mediterranean by ordering a research ship operating in Greek territorial waters to return to the Turkish coast. Tension in the region had soared since the Oruc Reis seismic survey vessel and an escort flotilla of Turkish navy frigates was deployed last month near the…
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Leaks from last month indicate that a deal with colossal scope has been agreed between China and Iran. All the details of the agreement are not yet known, but the parts that have been reported show that this will be the biggest deal between China and any Belt and Road Initiative (BRI) country. However, considering the potential of both nations,…
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