The report by a five-member commission set up by the prime minister in July to look into the oil crisis, which hit the country in June this year, does not make for pleasant reading. The report which has been made public blames Ogra, the Ministry of Petroleum, private oil companies and others involved in the delicate business of purchasing and…
Read More
ISLAMABAD: The Central Development Working Party (CDWP) has approved one project at the cost of Rs7.25 billion, and five position papers at the cost of Rs21.10 billion, and referred two position papers worth Rs37.23 billion to the Executive Committee of the National Economic Council (Ecnec) for final approval. The CDWP met with Deputy Chairman Planning Commission Mohammad Jehanzeb Khan at…
Read More
KARACHI: Sui Southern Gas Company (SSGC) has jacked up procurement of imported liquefied petroleum gas (LPG), and issued 15 tenders for supply of locally available imported LPG with delivery windows ranging January to June 2021. The southern gas utility supplies synthetic natural gas during high demand as an alternate to piped gas. SSGC would procure at least 37,500 metric tons…
Read More
The government has constituted a committee to address Sui Southern Gas Company’s (SSGC) repeated claim of recovering RLNG losses worth Rs7.7 billion from consumers of imported gas after the Oil and Gas Regulatory Authority (Ogra) rejected the claim. “As per directives of the adviser on finance and revenue, a two-member committee comprising Ministry of Finance secretary and Ministry of Energy…
Read More
Despite rising COVID-19 cases, Pakistan’s industrial sector shows a recovering trend due to the Government’s smart lockdown policy, according to a recent tweet on the State Bank of Pakistan’s (SBP) official twitter page. SBP reports that easing of lockdowns has resulted in growth in power generation and petroleum product sales during the first quarter of FY21. Power generation witnessed a…
Read More
Ali Zaidi, a Pakistani born 33-year-old will be serving as a climate policy advisor to Biden’s administration. He will be named as deputy to the president of the Natural Resources Defense Council (NRDC), Gina Mc Carthy, who will be spearheading the Biden administration’s domestic climate policy. NDRC is an international nonprofit environmental advocacy group based in New York. Zaidi came…
Read More
There is no other way to summarize the rather shocking findings of the “Report of the Inquiry Commission on Shortage of Petroleum Products in Pakistan.” Some of the harrowing details pointed out by the commission should send shivers down the collective spines of those responsible. But the fact that it is only an inquiry report, will offer collective comforts to…
Read More
Pakistan will start building a 1,100 kilometer (684 miles) pipeline in July with Russia that will allow the South Asian nation to operate more liquefied natural gas terminals. The South Asian nation will have a majority share of 51% to 74% in the project, while Russia will own the remainder, Nadeem Babar, petroleum adviser to the prime minister, said in…
Read More
A local court acquitted the K-Electric CEO and four others on Monday in a case pertaining to a citizen being electrocuted to death at a KE substation in Defence Housing Authority during the monsoon rains this year. An additional district and sessions judge was hearing the case against KE CEO Moonis Alvi and four others at Karachi City Court. The…
Read More
ISLAMABAD: After failure to get bids for three LNG cargoes required in the first 18 days of the next month on Thursday, the Petroleum Division (PD) has swung into action to overcome the expected gas deficit in the first half of January. In this regard, here on Friday it floated an urgent tender seeking bids for LNG cargoes to avert…
Read More
