Attock Refinery Limited (ARL) has warned Oil and Gas Regulatory Authority (Ogra) of going for a complete shutdown during the upcoming week due to refusal of oil marketing companies (OMCs) to lift oil stocks due to heavy imports. In an urgent letter written to Ogra Chairman Masroor Khan on Thursday, ARL Chief Executive Officer Adil Khattak drew attention towards the…
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The sales-strapped Attock Refinery Limited (ARL) on Thursday shouted out to apex oil sector regulator to save it from a full-scale shutdown owing to a drastic fall in the upliftment of petroleum products by the oil marketing companies (OMCs) that are now relying more on somewhat cheaper imports, The News learnt on Thursday. “If the OMCs do not increase lifting…
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Reports indicate that the province has received 308% more rainfall than historic average in July 2022 alone, with at least 800mm of rain in the last 48 days in Karachi alone. KE’s network of over 1900 feeders remained stable, powering the city during the ongoing spells. The maximum number of feeders powered down for safety reasons were less than 100,…
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Crude oil prices resumed their climb on Thursday, reclaiming some of the ground lost over the last month. At 1:30 p.m. ET, the WTI benchmark was trading at $91.09, a 3.38% gain on the day. WTI prices are still down from the $100+ barrel mark seen last month, as recession fears took hold of the market, threatening to subdue crude…
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A heatwave-induced power crisis is spreading across southwestern China, shuttering factories and worsening by the day, according to Nikkei Asia. The latest news from China is the Chongqing municipal government ordered factories, including Japanese-owned ones, to suspend production through Aug. 24 to conserve power as demand surges because of extreme heat. Chongqing is following its neighbor, Sichuan Province, which announced…
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Tindo Solar, Australia’s only solar panel manufacturer, has released its largest residential rooftop module yet. It said that its 410 W Karra panel has now been certified for sale and STC rebates. The 410 W Karra panel is made with 108 half-cut monocrystalline cells based on M10 wafers (182 mm). It operates with a maximum system voltage of 1,500 V…
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Pakistan is presently in the midst of one of the worst economic crises in its history. High inflation, large twin deficits, dwindling forex reserves, fast weakening currency, and elevated Eurobond yields were all symptoms of an economy in severe distress. This is the consensus of this open letter written to all the politicians and the authorities by the country’s eminent…
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Considering LONGi’s mission and vision towards effective implementation of local and international environmental standards. The Governing Body of National Forum for Environment & Health (NFEH) decided to award LONGi 19th Annual Environment Excellence Awards (AEEA 2022)! It was received by Mr. Ali Majid, General Manager; Mr. Ghulam Mustafa, Senior Manager, and Mr. Osman Mohammad, Products and Solutions Manager of LONGi…
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Sazgar Engineering Works Limited will roll out the first batch of locally-assembled units of Great Wall Motor’s Haval, the H6 1.5T and 2.0T, this month. The SUVs have been priced at Rs7.425 million and Rs8.499 million, respectively. A senior official of the company said the new SUV will be competing with KIA Sportage, Hyundai Tucson, Oshaan X7, MG HS and…
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