The Committee was informed that 26-day stock was available and stock for the next month is also available. The Chairman Senate Committee lamented the fact that PARCO and Attock Oil Refineries do not supply diesel and all the onus is on the Pakistan State Oil (PSO) for diesel supply. Chairman of the Committee Senator Abdul Qadar recommended sharing the burden…
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Pakistan’s gasoline consumption growth is expected to hover at close to double digits over the next three years on rising auto sales, while gasoil demand will grow at around half that rate, despite the push toward cleaner fuels, CEO of Pakistan State Oil Syed Muhammad Taha told S&P Global Commodity Insights in an interview. “In the next two to three…
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Bonn, 18 March 2022 (WWEA) – According to preliminary statistics published by WWEA today, the world market for wind turbines reached another record in 2021 with wind turbines with a total capacity of 97,5 Gigawatt installed around the globe, after 92,7 Gigawatt in 2020. The overall capacity of all wind turbines worldwide has now exceeded 840 Gigawatt (after 742,5 Gigawatt…
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The State Bank of Pakistan on Thursday released its First Quarterly Report for FY22 on the State of Pakistan’s Economy. The analysis and economic outlook of the report are based on data for the July-September 2021 period, and were finalized in November 2021, using data available as of then. As such, the report did not incorporate the rebasing of the…
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The UK could eliminate all need for imports of Russian gas this year through a combination of energy efficiency, expanding renewable power generation and a campaign to help people change their behaviour, research has found. Information campaigns played a strong role in changing people’s behaviour during the Covid-19 pandemic. Many people are unaware of the savings they could make in…
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The government is confident in getting a positive nod from the International Monetary Fund’s (IMF) on 7th review as it addressed in details the fund’s concerns on the Prime Minister’s relief package, finance minister said on Wednesday.\ “The IMF mission raised concerns over PM’s Relief Package on petrol, diesel and electricity prices as well as on tax amnesty for industrial…
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We have been well on track to achieve the targets given in Indicative Generation Capacity Expansion Plan 2021-2030 [3,000MWs of wind and 7,000MWs of solar power on-grid plants till 2030],” said, Shah Jahan Mirza, Chief Executive Officer of Alternative Energy Development Board (AEDB) at a roundtable. The moot titled 2nd International Solar Clean Energy Conference-2022 was organised by Energy Update,…
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Pakistan Climate Conference was held here on Wednesday to bring together global climate experts, policymakers and corporate decision-makers to discuss how Pakistan could meet the country’s global climate commitments. Speaking at the occasion, Kazeem Khan, GM Nature Based Solutions, Asia Pacific from Shell, said that there was a huge playing field where a lot of investment was being made towards…
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Oil and Gas Regulatory Authority (OGRA) on Wednesday assured the Oil Marketing Companies (OMCs) to resolve all the issues confronted by the oil industry on priority. The authority OMC and OMAP, in a meeting held at the OGRA’s Regional Office Lahore, agreed to make joint efforts in handling all the challenges faced by the oil industry, a news release said…
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2nd International Solar Clean Energy Conference-2022 AEDB aims to launch from next month competitive bidding regime for new solar, wind projects The Alternative Energy Development Board (AEDB) has aimed to commence from April 2022 the process of competitive bidding for launching new solar and wind power projects to increase the share of clean electricity in the national energy mix to…
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