KARACHI: The Oil and Gas Regulatory Authority (OGRA) has awarded a gas marketing licence to Shell Energy Pakistan (Pvt) Limited, a statement said on Monday. Shell Energy Pakistan has been incorporated to carry out downstream gas marketing activities in Pakistan, it added. It aims at aggregating the demand from customers and secure competitive international supply to meet such demand. After…
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Pakistan, despite being the least contributor to global greenhouse gases emissions has been bearing the burden of erratic natural disasters and environmental degradation whereas its initiative to host World Environment Day was its recognition as international leader in nature based solution and eco-system restoration initiative. The country has been persistently among the top 10 countries facing adverse impacts of climate…
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The Oil Companies Advisory Company (OCAC) has warned that congestion at Karachi ports may disrupt the entire energy supply chain. Sources revealed that the OCAC had cautioned of disruption in oil supply due to the issue of ports (KPT and FOTCO Jetty at PQA) congestion due to unavailability of Oil Pier-1 (OP-1) at Keamari Terminal in Karachi. The oil industry…
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Import of power generating machines hit $1.4 billion in the first ten months of the ongoing fiscal year (10MFY21) from $971 million in the same period last year. However, market players contest this whopping import bill figure, attributing it to bulk import of generators for housing and government-related projects instead of household consumption. They said increasing demand of solar power…
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The government on Monday kept the prices of petroleum products unchanged for next 15 days. “The prime minister has decided to maintain the prices of petroleum products as they were on May 17th, 2021,” the petroleum ministry announced. The government has not increased the prices since April 16, and maintained them by adjusting sales tax and petroleum levy so that…
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Once upon a time, in 1947, there was a country which was one of the 23 founding members of the General Agreement on Tariff and Trade (GATT), and now that country ranks 60-70th in the list of global exporters and doesn’t figure among prominent players in the World Trade Organisation (WTO), the successor of GATT. Interestingly, the country is the…
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