A parliamentary panel, on Thursday, took serious notice of 385 cases registered against gas theft, especially in Sindh. The Senate Standing Committee on Petroleum, presided over by Senator Mohammad Abdul Qadir, deliberated over the issues of gas theft from the main pipeline and was informed that a total of 385 cases had been registered against all types of theft from…
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Sui Southern Gas (pvt) Limited (SNGPL) announced three-day closure of compressed natural gas (CNG) stations in Sindh effective from Feb 3. The company said Re-liquefied natural gas (RLNG) stations would also not be able to provide gas to the consumers. The decision has been taken in order to ensure the availability of gas supply to domestic consumers. On the other…
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The downward streak in petroleum consumption continues as January 2023 sales by the oil marketing companies fall by 20 percent year-on-year. The decline in petroleum sales for the OMCs was led by a decline in furnace oil sales followed by high-speed diesel and motor spirit. Furnace oil posted a decline of 45 percent for volumes sold in Jan-23 year-on-year, while…
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The International Monetary Fund (IMF) has expressed concern over the circular debt in the gas sector of Pakistan, citing sources, ARY News reported on Thursday. Sources told ARY News that the IMF delegation visited the Petroleum Division and held talks with the senior officials. The Petroleum Division’s secretary briefed the IMF delegation regarding the measures taken by the federal government.…
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Caught up in a vicious circle of debt, Pakistan has been spiralling deep into an economic crisis — reviving recent memories of Sri Lanka’s financial-cum-political crisis. With the Pakistani rupee falling to a record low and fuel prices shooting up, Pakistan has been struggling to fulfill the basic demands of its citizens, reports claim. But why is Pakistan in such…
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Prime Minister Shehbaz Sharif on Thursday inaugurated K-3, the third unit of Karachi Nuclear Power Plant (Kanup), which will produce 1,100 megawatts of electricity. The project has been completed with assistance from China. In his address on the occasion, the prime minister said K-3 was a step forward in cooperation with Pakistan’s trusted friend China. He congratulated the scientists and…
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There is an undeniable need for more electric batteries to be produced in line with the growing global demand for electric vehicles (EVs) and electronic devices. But companies are repeatedly falling behind on their production aims due to a multitude of challenges, from supply chain constraints caused by the Covid pandemic to lithium shortages in the face of rising demand.…
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On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal,” Al-Jadaan told Bloomberg TV.…
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LONGi has announced that its participation at the 2023 edition of the World Future Energy Summit in Abu Dhabi saw the signing of several distribution agreements, totalling 500MW, for its new Hi-MO 6 product with regional partners including Power N Sun, Nanosun, AGS, Power City and Noon, as well as other partners from Africa and Central Asia. The Hi-MO 6…
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Engro Fertilizers Limited (PSX: EFERT) is a wholly owned subsidiary of Engro Corporation which is the subsidiary of Dawood Hercules Corporation Limited. The company was incorporated in Pakistan in 2009 and is engaged in the manufacturing, purchasing, marketing, and selling of fertilizers, seeds, and pesticides besides providing logistics services.
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