Petroleum prices are not making much news these days. For one, it has now become a 15-day affair and that takes some sheen off. But more importantly, it is getting boring for the news channels’ DSNGs to queue up at petrol stations midnight only for the prices to be maintained or decreased. It has been six months and counting since…
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The government has decided not to extend guarantees for offtake of POL products from the new refineries. And more importantly the government will also not provide the guaranteed rate of return on the equity and will not ensure internal rate of return as well. The refineries, however, would be free to market their products through their own or other marketing…
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Karachi: National Forum for Environment and Health will organize Seminar on World Environment Day 2021 to on June 03.The title of the seminar is “Restore Ecosystem”. The event will be organizing with collaboration of United Nations Environmental Programme and NED University.President NFEH M. Naeem Qureshi said that This will be the first time in history that Pakistan will be officially…
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Saying that AJK is famous for its beautiful green forests and moderate climate, the president emphasised, “We will have to protect our forests in order to keep our region attractive and captivating to promote tourism and save the future of coming generations by maintaining the ecological balance.” Khan highlighted that forests are not only important to maintain the climate and…
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A planned 1100-kilometre pipeline is intended to transport imported regasified natural gas from a liquefied natural gas terminal in Port Qasim near Karachi to Kasur in Punjab province. The new protocol introduces recent changes to the project, agreed by the two countries, to reduce Russia’s controlling stake in the project to 26% and pass operatorship into local hands. The Russian…
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Chinese oil and gas enterprises have set up an alliance on methane emission control amid China’s efforts to meet its 2060 carbon-neutral target. The alliance was jointly initiated by PetroChina, Sinopec and CNOOC, with the National Pipeline Network, Beijing Gas, China Resources Gas, and ENN Energy as its founding members. The alliance will focus on promoting technology and experience exchange…
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After the establishment of KANUPP, in 1972 its first nuclear power plant in Karachi produced 137mw of energy – the use of nuclear power in Pakistan has seen a sharp escalation in recent times. Pakistan presently being an energy-hungry economy with outstanding industrial growth potential continues to invest in renewable nuclear power technology. Pakistan embraced a National Energy Security Plan,…
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China continues to block Australian coal and is diversifying its import sources (long haul countries) which will support coal shipping demand in 2021.Amid the China-Australia trade dispute, China has significantly increased its imports from the US, Canada, Colombia, Russia and South Africa, boosting tonne-mile demand. We expect shipping demand arising from Chinese imports to expand further despite a forecast 6.6%…
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More than one in three heat-related deaths worldwide can be attributed to anthropogenic climate change, according to a paper published in Nature Climate Change. In an analysis of almost 30 million deaths in 43 countries, with data from 1991 to 2018, the study found that 37% of the deaths on average were the result of human-induced global warming, with the…
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n a site steeped in history a few hundred meters from the Reichstag in central Berlin, an office building is rapidly taking shape that handily symbolizes how climate protection has come to dominate the political narrative ahead of September’s election. The modular Luisenblock West, which will provide working space for Germany’s Bundestag, or lower house of parliament, is mostly wooden…
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