The oil and gas industry is vast, complex and heavily relies on millions of workers worldwide to keep it moving. The sector has made progress in recent years to better protect workers and tighten up safety standards, which is reflected in the decreasing number of sector-wide fatalities. As a major hazard industry nevertheless, common and health and safety exposures remain.…
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Suki Kinari Hydropower, as one of the biggest private-sector hydropower developments in Pakistan and one of the highest priority early harvest projects within the China-Pakistan Economic Corridor (CPEC), is expected to be put into operation in 2022. Suki Kinari Hydro Private Limited (SK Hydro), in which China Gezhouba Group holds a majority stake of 98%, is developing the project with…
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Special Assistant to Prime Minister on Power and Petroleum, Tabish Gauhar has termed new Pakistan Stream gas pipeline project critical to the country’s energy supply ecosystem. In a tweet on Wednesday, the SAPM said, “A recently signed protocol to the intergovernmental agreement (IGA) with Russia is a step forward.” He further said, “Our local companies (SNGPL, SSGC, PAPCO) are also…
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The government has announced a cut in sales tax rates on kerosene oil and light diesel oil in order to absorb the price hike on petroleum products. In this regard, the Federal Board of Revenue (FBR) has issued SRO 726(I)/2021 to comply with the decision of the government for keeping the POL prices intact by absorbing a hike in prices…
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Parliamentary Secretary for Textile, Commerce, Industries and Production and Board of Investment, Aliya Hamza Malik on Wednesday said that Pakistan Tehreek e Insaf (PTI) government under the leadership of Prime Minister Imran Khan, was working on projects to generate electricity at cheaper rates. “Various Hydro power projects are under consideration to generate electricity at cheaper rates,” she said while responding…
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The Aga Khan Agency for Habitat, the Ministry of Climate Change, Pakistan, World Habitat Awards and the United Nations Habitat Programme, co-organized an international virtual seminar on ecosystem restoration for quality of life. The seminar was attended by representatives from the Ministry of Climate Change, the United Nations, INGOs, Aga Khan Development Network (AKDN) agencies and partners, donor agencies, academia,…
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Liquidity constraints are taking a toll on China Power Hub Generation Company (CPHGC), an early-harvest project under the China-Pakistan Economic Corridor (CPEC). Speaking to Dawn on Wednesday, Hub Power Company (Hubco) outgoing CEO Khalid Mansoor said cash flows of CPHGC, an associate company of the country’s largest independent power producer (IPP), are suffering because the government isn’t fulfilling its commitment. “It’s a…
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ISLAMABAD: As unannounced power cuts continued for the third consecutive day almost across the country, the government on Wednesday confirmed supply shortfalls in the system due to technical reasons despite surplus generation capacity. The National Electric Power Regulatory Authority (Nepra) took serious notice of the excessive loadshedding and sought explanation from power distribution companies (Discos), including K-Electric. Minister for Energy…
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After eight enterprising years with Hubco, Khalid Mansoor, CEO Hub Power Company Limited, has decided to part ways with the company. During his tenure with the company, he led Hubco to enhance its overall generation capacity from 1,600 MW to 3,581 MW. His achievements on behalf of Hubco include capacity building and switching to self O&M of our plants, successful…
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U.S. liquefied natural gas (LNG) exports will rise to a fresh record high in 2021 before easing in 2022 for the first time in years, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. The agency forecast U.S. LNG exports would rise to 9.38 billion cubic feet per day (bcfd) in 2021 from a…
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