On September 14, the company won the bid for the Qasim Energas LNG terminal project in Pakistan. The project owner is Energas Terminal Company, with a construction period of 18 months. The main construction content of the project includes the design, procurement and construction of a butterfly-shaped pier structure capable of berthing a 174,000 m3 floating gasification vessel (FSRU) and a…
Read More
The Advisor for Commerce and Investment to the Prime Minister Imran Khan, Abdul Razak Dawood, visited Careem’s headquarters, Dubai in his visit to the Expo 2020. The Advisor met senior leadership of Careem including: Mudassir Sheikha, CEO and Co-founder of Careem, Colin Judd, Senior Director Corporate Affairs and Fatima Akhtar, Director Government Relations Pakistan. The meeting consisted of having an…
Read More
The State Bank of Pakistan (SBP) has relaxed conditions for renewable energy solution providers under its Refinance Scheme for Renewable Energy. According to a statement issued by the central bank on Monday, the move is aimed at promoting investment in renewable energy solutions by companies. “Now, all renewable energy investment entities (REIEs), interested in installing renewable energy projects/ solutions, are…
Read More
In Sindh, the 330-megawatt Thar Energy Limited Power Project Block-II is being completed under China-Pakistan Economic Corridor or CPEC. According to an official, the power plant would supply electricity to the national grid under a 30-year power purchase agreement. According to APP news agency, the power plant is a 330MW mine-mouth lignite-fired power project being built by Thar Energy, which…
Read More
Wood Mackenzie’s Global Energy Summit Upstream Focus Day has addressed some of the biggest issues facing the industry. How will the upstream industry use an incoming US$1 trillion price windfall? Should Asian governments be doing more to resuscitate declining gas production? And what is the future for exploration in this region? In previous upcycles the pattern has tended to be…
Read More
A dignified ceremony was held today at Murat Bey Customs Post in Istanbul to mark the arrival of the first two National Logistics Company (NLC) trucks carrying goods from Pakistan to Turkey, via Iran, under the Transports Internationaux Routiers (TIR) convention. The NLC trucks departed from Karachi on 28th September and reached Istanbul on 7th October covering a distance of 5300 Kilometers. …
Read More
Construction industry’s boom provides tremendous opportunity for Turkish companies to invest in Pakistan: Turkey’s Consul General Karachi: The boom in the construction industry of Pakistan provides an excellent opportunity for prospective Turkish investors to invest and launch joint ventures with Pakistani businesses.This was stated by Turkey’s Consul General in Karachi, Tolga Ucak, while speaking as the chief guest at the…
Read More
Pakistan’s oil consumption is gradually getting back to normal pre-Covid lockdown levels as economic activities regain momentum and international prices are again rising amid supply limits maintained by oil-exporting countries and other supply chain problems. Since May, global prices of Brent have surged by almost one-third (32 per cent) to $82 per barrel although forecasts by the US Energy Information…
Read More
The contentious proposal to adopt a ‘weighted average cost of gas’ (WACOG) to reduce the rapid build-up of the circular debt in the gas sector is going to receive a “serious push” soon. “It’s a political hot potato… I’m told that within a few months there’s going to be a serious push on the political side to get (WACOG) through,”…
Read More
The boards of directors (BoDs) of some state-owned power sector companies are flouting corporate governance rules-2013 by indulging in day-to-day affairs required to be handled by the executives under the law. The situation is worst at the National Transmission and Despatch Company (NTDC) — the country’s premier entity handling power evacuation, high-powered transmission lines and grids system. “Most of the…
Read More
