Sui Northern Gas Pipelines Limited (SNGPL) on Sunday announced that gas supply to industrial units and compressed national gas (CNG) stations in Punjab will not be shut on Monday (tomorrow), ARY NEWS reported. The SNGPL spokesman said that they have decided against any closure of the gas supply while keeping in view the issues faced by the consumers. He said…
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Few people have ever heard of the tiny country of Nauru. Even fewer ever think about what happens at the bottom of the world’s oceans. But that may soon change. The seafloor is thought to hold trillions of dollar’s worth of metals and this Pacific-island nation is making bold moves to get a jump on the global competition to plumb…
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We expect OMCs to benefit from (i) the recent improvement in auto fuel marketing margins amid range-bound crude oil prices; (ii) gradual recovery in benchmark refining margins driven by anticipated recovery in global demand; and (iii) a rebound in domestic petroleum consumption post the second Covid wave. We find the valuations inexpensive for HPCL and IOCL at around 5X EV/Ebitda…
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Spurred by falling solar photovoltaic (PV) prices and escalating grid tariffs, solar installations, especially those on rooftops, have seen rapid growth in Pakistan. These solar investments, both residential and commercial, are also supported by a decent net metering regime that lets consumers sell excess solar generation during daytime back to the grid. However, despite having a renewables refinance facility from…
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One of the country’s intelligence agencies has raised questions over the Pakistan Oil Refining Policy 2021 being taken up by the Cabinet Committee on Energy for approval on Monday (today). The committee, headed by Planning and Development Minister Asad Umar, will also consider cheaper electricity rates for domestic and commercial consumers for winter space heating, retention of some old power…
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Nuclear scientist Dr Abdul Qadeer Khan, who is currently under treatment in a hospital, on Monday complained that neither Prime Minister Imran Khan nor any of his cabinet members inquired after his health. “I am quite disappointed that neither the prime minister nor any of his cabinet members has inquired after my health,” said Dr Khan when contacted by Dawn. Dr…
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Women in Afghanistan will be allowed to study in universities as the country seeks to rebuild after decades of war but gender-segregation and Islamic dress code will be mandatory, the Taliban’s new Higher Education minister said on Sunday. The minister, Abdul Baqi Haqqani, said the new Taliban government, named last week, would “start building the country on what exists today”…
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he Sarhad Chamber of Commerce and Industry (SCCI) has rejected the government’s decision to suspend gas supplies to industries and the CNG sector in Khyber Pakhtunkhwa (KP) from next week, terming it unacceptable for the business community.Lamenting the move, SCCI President Sherbaz Bilour Bilour, while talking to a group of industrialists here at his office on Saturday, called the decision…
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Natural gas prices have doubled this year and are expected to continue to rise, resulting in larger winter heating bills for some consumers and higher costs for electric utilities. Natural gas is plentiful in the United States and has been cheap for years, so the jump in prices this year is eye popping. It has also lifted the shares of…
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Most of the nine Louisiana refineries shut by Hurricane Ida have restarted or were restarting on Friday, nearly two weeks after the powerful storm came ashore, a Reuters survey showed. Refiners are coming back faster than oil production, a reverse of past storm recoveries. Just three of the nine refineries were completely idled, accounting for about 7% of Gulf Coast…
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