Washington is preparing more sanctions against the Gazprom-led Nord Stream-2 natural gas pipeline project, Reuters reported, citing sources from the Trump administration. “We’ve been getting body blow on body blow to this, and now we’re in the process of driving a stake through the project heart,” one of the sources told Reuters. The news comes a day after construction of…
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ust when investors thought things couldn’t get worse for would-be Tesla rival Nikola Motor Company (NASDAQ:NKLA), the cancellation of another big deal has added to the pile-up of bad news that has so far stripped over 80% from its share price since its peak on June 9th. Nikola, the EV truck and hydrogen cell maker that stunned everyone earlier this…
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The U.S. government this week extended the term of a protection measure against Citgo creditors until July next year, Reuters has reported, noting the measure effectively bars creditors from taking shares in Citgo as repayment for a bond that matured on October 27 this year. The bond was issued by Citgo’s parent company, Venezuela’s PDVSA, operating through a U.S.-based entity. Half…
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A FRIEND’S electricity bill for the month of November 2020 was Rs19,733. Out of this only Rs6,279 was for ‘energy charges’ for electricity that had been consumed in November; the rest was all for taxes and adjustments of one sort or another. There were ‘e-arrears’ of Rs6,812 and a GST of Rs2,225. There are a number of other smaller and/or…
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ISLAMABAD: The Federal Government has approved allocation of additional gas from Dhok Sultan Field to a third-party through auction, official sources told Business Recorder. Dhok Sultan X-1 well in the Dhok Sultan block is located in Jhand. M/s Pakistan Petroleum Limited was operator of this field with share of 75% and GHPL with 25% share as JV. According to M/s…
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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the Ministry of Water Resources’ proposal in principle for the issuance of WAPDA’s debut $500 million Eurobonds to arrange finances for Diamer Basha and Mohmand dams. In this regard, the ECC, with Federal Minister for Finance and Revenue Dr Abdul Hafeez Sheikh in the chair, directed for working out…
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The Sindh High Court directed the police on Thursday to ensure that no substandard compressed natural gas (CNG) cylinders were being used in any vehicle and remove those not approved by the Hydrocarbon Development Institute of Pakistan. A two-member bench, headed by Justice Muhammad Ali Mazhar, also directed the traffic police to check CNG cylinders installed in vehicles across Karachi…
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ISLAMABAD – Oil and Gas Regulatory Authority (OGRA) was informed on Thursday that Shell Pakistan cannot bring LNG this year as Sui Southern Gas Company Limited (SSGCL) has blocked TPA between Engro LNG Terminal Ltd (EETL) and M/s Shell Energy Pakistan (SEP). Shell Pakistan is seeking a license for sale and marketing of RLNG by utilising additional capacity of Engro…
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ISLAMABAD: In a bid to overcome the gas shortages across the country, the government is planning various steps like imports, establishing LNG terminals by private sector, reducing gas theft and establishing the North South Gas Pipeline (NSGP). Top official sources in background discussions told The News that the government has embarked upon a plan to deal with energy shortages and…
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Director General SEPA & officiak inspected the unloading of Sotabean being carried out at Birth Number 13 of KPT, which was releasing the high concentration of PM (particulate Matters) and Soyabean Dust in open Air. Also the sources inform that vessel halted from Port of Canada with 67 Thousand metric tons of Soyabean. This ship had been imported from various…
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