STC and its partner in 5G network deployment in the Middle East, Huawei, have signed a memorandum of understanding (MoU) with Saudi Aramco to launch a joint innovation program to study the application of 5G technology in the oil and gas industry and develop solutions. The MoU is expected to fuel economic growth and societal benefits in the Kingdom and…
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The beginning of commercial production by Lucky Cement’s 660-megawatt local coal-fired power project worth over $1 billion has faced a delay of around five months due to inability of the government to finish construction of transmission lines on time in the wake of Covid-19. The company has, however, refused to accept excuses from government agencies responsible to build the required…
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ISLAMABAD:ISLAMABAD:ISLAMABAD:The divestment of government of Pakistan’s remaining shares in Mari Petroleum has been held back due to observations made by the anticorruption watchdog. Sources told The Express Tribune that a meeting was held in the first week of January at the Privatisation Commission to discuss the divestment of Mari Petroleum’s shares. The meeting was chaired by the privatisation minister and…
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This was the first post I read at 12:00 midnight PST on January 9, 2021 and within five minutes, by just looking at (without reading) the number of comments, I knew this was a major power breakdown. As a student of crisis communications, there onwards I started noting the different pieces of information doing rounds on social media. They included…
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ISLAMABAD: The prices of key petroleum products — petrol and high-speed diesel (HSD) — are estimated to go up by Rs9-11 per litre on Jan 31 for the first fortnight of February if straight calculations of Oil & Gas Regulatory Authority (Ogra) are accepted by the prime minister. However, based purely on international prices published in Platt’s Oilgram, the prices…
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KARACHI: Coal demand is expected to remain upbeat in 2021 as more coal-fired and captive power plants are coming up in the current year. According to sources, the import of coal at three coal-based power plants – China Hubco, Sahiwal and Port Qasim Electric — is around 10-12 million tonnes per annum. According to Nepra, the contribution of coal to…
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The Oil and Gas Regulatory Authority (Ogra) has allowed a 5.4% increase in the price of gas for consumers of Sui Southern Gas Company (SSGC). The regulator allowed the hike in the prescribed price of gas while determining the estimated revenue requirement (ERR) of SSGC for financial year 2020-21. The oil and gas regulator allowed the price increase in order…
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KARACHI: Pakistan Meteorological Department said the city’s weather is likely to remain dry and cold during the next 24 hours on Thursday. According to the Air Quality Index, Karachi has been ranked second among the most polluted cities in the world today. The minimum temperature recorded in the provincial capital city today was 9.2°C. However, due to the haze, the…
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Committee okays continuation of general subsidy on five essential items through USC; approves allocation of gas from Mari Petroleum wells to SSGC; defers five-year textile policy for further deliberations The Economic Coordination Committee (ECC) of the Cabinet has constituted a four-member committee to review the margins of oil marketing companies/dealers on petroleum products. The ECC meeting was held under the…
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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has allowed the Sui Southern Gas Company Limited (SSGCL) to charge 5.4 percent more charges from gas consumers to recover its multi-billion rupees shortfall. It notified a 5.4 percent increase in prescribed gas price and fixed it at Rs778.59/mmbtu for SSGCL to recover Rs14.27 billion shortfall in estimated revenue requirement (ERR) for…
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