PSA calls for PM’s intervention on solar containers clearance

Pakistan Solar Association (PSA) has called upon Prime Minister Shahbaz Sharif to intervene for customs clearance of containers of solar equipment stuck for months at various ports across the country. “A huge number of solar devices import containers are awaiting clearance while importers are facing heavy demurrage charges,” PSA chairman Rana Abbas said in a statement issued on Thursday. He…

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LONGi Central R&D Institute Kickstarts Operation in Xi’an

On July 25, 2022, LONGi Green Energy Technology Co., Ltd. (LONGi)’s Central R&D Institute officially kicked off operations at its global headquarters in Xi’an, capital of Northwest China’s Shaanxi Province. The LONGi Central R&D Institute, which includes a highly efficient monocrystalline solar cell center and a pilot production line of monocrystalline solar cell, primarily provides R&D technical support and patent…

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Commodities Trading: The Secret Behind Big Oil’s Bumper Earnings

Dozens of giant commodity and energy traders saw their profits explode during the pandemic thanks to their ability to leverage their storage facilities, global network of terminals and shipping fleets to cash in on supply disruptions, soaring energy prices and rising demand. Vitol Group, the world’s largest commodity trader, generated record net income of $4.2 billion last year, with rival…

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Energy sector needs to innovate competitively

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The South Asian subcontinent is facing a massive energy crisis, which has placed regional governments on edge, compelled widespread switching to extremely polluting fuels like coal and fuel oil, and plunged nations like Sri Lanka into socioeconomic chaos. An uninterrupted, reliable, and economical energy supply is a crucial prerequisite for lowering poverty, promoting investment, and accelerating economic progress in a…

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Engro Eximp, Excelerate Energy sign MoU to develop private RLNG sector

Engro Eximp FZE, a subsidiary of Engro Corporation, announced today that it has entered into a Memorandum of Understanding (MoU) with Excelerate Energy, Inc. (NYSE: EE) (Excelerate), a leading provider of flexible LNG infrastructure solutions around the world, related to the development of a private sector gas marketing business in Pakistan. Under this MoU, both partners will jointly evaluate the…

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UAE’s Coral Energy becomes Pakistan’s top fuel oil supplier

Dubai-based trader Coral Energy has become the top fuel oil supplier to Pakistan in recent months after winning a slew of import tenders floated by state-run Pakistan State Oil (PSO), data compiled by Reuters showed. Coral Energy won tenders to sell eight fuel oil cargoes to PSO during April-August, said a spokesman for Pakistan’s energy ministry, as the country’s demand…

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