ISLAMABAD: As the international market continued its downward journey, state-run Pakistan LNG Limited (PLL) has received cheaper bids for two cargoes of liquefied natural gas (LNG) for deliveries in April. The PLL on Friday said Vitol Bahrain offered the lowest bids of 1.0522 per cent and 10.88933pc of Brent Crude Price for April 5-6 and April 19-20 delivery windows, respectively.…
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In a bid to go green, one of Pakistan’s leading steel manufacturer Agha Steel Industries Limited (ASIL) has announced to set up a solar power plant to meet its energy needs. As per details, ASIL has signed a contract with Renewable Power Private Limited for installing a 2.25 megawatt solar power project at its production facility located at Port Qasim…
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Thermal coal receipts fell by 6.4pc on the year and by 36pc on the month to an eight-month low of 1mn t in January, Federal Board of Revenue data show. A steep fall in South African arrivals drove the decline, with Richards Bay imports falling by 35.6pc on the year and 28.8pc on the month to 414,000t. This meant that…
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A high-level meeting was held at the Sindh Energy Department office on Wednesday to finalize the plan. The meeting was attended by Sindh Energy Minister Imtiaz Ahmed Sheikh, Sindh Irrigation Minister Sohail Anwar Sial, Sindh Chief Minister’s Legal Adviser Barrister Murtaza Wahab, Sindh Finance Secretary Hassan Naqvi, Energy Secretary Tariq Ali Shah, Special Secretary Irrigation and other concerned officials. Officials…
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US mines produced approximately $82.3 billion in minerals in 2020— about $1.5 billion lower than the 2019 revised total of $83.7 billion, the U.S. Geological Survey announced. The $82.3 billion worth of nonfuel minerals produced by U.S. mines in 2020 is for all nonfuel mineral commodity production, USGS found, including industrial minerals and natural aggregates as well as ferrous and…
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Major companies in the oil and gas upstream activities market include Saudi Aramco; Rosneft; Kuwait Petroleum Corporation; ADNOC and Iraq Ministry of Oil. The global oil & gas upstream activities market is expected to grow from $2635.45 billion in 2020 to $3335.52 billion in 2021 at a compound annual growth rate (CAGR) of 26.6%. The growth is mainly due to…
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The Sindh Environmental Protection Agency (SEPA) has expressed its disapproval of the car and cement manufacturing plants over non-compliance with green laws and in this regard the authority has also fixed separate hearings to inquire about the position of companies. SEPA Director General Naeem Ahmed Mughal visited different automobile industrial units on Tuesday, including that of Kia Motors and Master…
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ISLAMABAD: The move by the Maritime Affairs Division (MAD) for creating a monopoly of two private LNG terminals, which are not yet visible on the ground, on the existing pipeline capacity has got scuttled as a sub-committee on the issue, headed by Asad Umar, has clearly opposed the move, saying the concessions proposed to the original terms of the provisional…
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At a time when the government is suspending gas supply to the industry that generates its own electricity, Agha Steel Industries has announced plans to install a 2.25-megawatt solar power project. According to a notification sent by the company to the Pakistan Stock Exchange (PSX) on Wednesday, it has signed a contract with Renewable Power Private Limited for installation of…
Read MoreISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday allowed continuation of gas supply to Fauji Fertiliser Bin Qasim for another five years and removed a cap on dividend distribution on Mari gas to facilitate divestment of about 20 per cent of its shareholding. A meeting of the ECC presided over by Minister for Finance and Revenue Dr…
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