March 2023 - Page 2 of 10 -

OCAC Raises Red Flags Over Ability To Sustain POL Stocks

March 30, 2023March 30, 2023 Admin

The OCAC in its letter to the state serve for Oil Division raised warnings about the shocking monetary circumstance of the oil business. “Keeping up with the 20-day stock cover for engine energizes probably won’t be feasible for the business with the ongoing acquiring rate and the expense of the items,” it said. All the more significantly, the high credit letter affirmation charges followed by high demurrage costs have duplicated the monetary agonies making the business unfit to work.

CPEC PHASE-II: A Sanctify Inquiry | By Dr Mehmood Ul Hassan Khan

March 29, 2023March 29, 2023 Admin

Regardless of continuous political confusion and consistent financial implosion the occupant legislature of Pakistan has now chosen to begin China-Pakistan Monetary Hallway (CPEC) Stage II which would be valuable for turning away monetary decay and unfortunate assembling in the country. It would begin new ascribes to sinking public industrialization and social turn of events.

Gas Crisis Intensifies in Karachi During Ramadan

March 29, 2023March 29, 2023 Admin

Gas emergency has escalated in Karachi during Ramazan month after the danger of power loadshedding. As per reports, a few areas of Karachi are confronting low gas pressure issues and others denied of gas supply during Ramazan. The gas emergency was strengthened after a specialized shortcoming created at Sawan gas field, bringing about a drop of gas supply of 44 mmcfd.

Govt Seeks Over Rs6 Per Unit Increase In KE Tariff

March 29, 2023March 29, 2023 Admin

The public authority has asked the National Electric Power Regulatory Authority (Nepra) to increment K-Electric’s buyer levy by up to Rs6.02 per unit under two past quarterly changes and permit its recuperation from shoppers in 90 days — April to June — to guarantee public uniform duty. The public authority has previously told an identical expansion in duty for purchasers of ex-Wapda Discos

Remittances: APL Says Can Invoke Force Majeure

March 29, 2023March 29, 2023 Admin

M/s Chart book Power Restricted (APL) has cautioned the public authority that it would report force majeure under the Power Buy Arrangement (PPA) on the off chance that its settlements connected with imports are not permitted. The organization passed its preventative message in a letter on to Overseeing Chief Confidential Power and Framework Board, Shah Jahan Mirza.

Govt Removes Duties on Silicone Sheet Imports To Facilitate Energy Efficient Appliances

March 29, 2023March 29, 2023 Admin

The public authority has chosen to eliminate obligations on import of silicon steel sheets which is utilized for assembling of electric fans, engines, clothes washers, transformers to work with the creation of energy productive home apparatuses. The choice comes in line after the public authority restricted the assembling, creation of conventional fans and bulbs from July 1, 2023 as it consumes higher energy.

CPPA, KE To Soon Sign Power Purchase Agreement For 1,000MW

March 29, 2023March 29, 2023 Admin

The Focal Power Buy Organization (CPPA) and K-Electric would before long consent to the Power Buy Arrangement (PPA) at a negligible tax of Rs22/unit to start giving 1,000MW of power before the start of FY2024. Under the proposed understanding, the central government would will undoubtedly give 1,000MW of power at the base, which could go up relying on the accessibility of overabundance power in the public framework, a senior authority of the Energy Service told The News.

Can Libya Really Double Its Oil Output?

March 29, 2023March 29, 2023 Admin

Befor to the expulsion of its long-lasting pioneer, Muammar Gaddafi, in 2011, Libya had effortlessly had the option to deliver around 1.65 million barrels each day (bpd) of generally great light, sweet unrefined petroleum. Creation had been on a rising creation pattern by then, up from around 1.4 million bpd in 2000, the nation actually had around 48 billion barrels of demonstrated unrefined petroleum holds – the biggest in Africa.

Shell All Options On The Table For New Energy Strategy

March 29, 2023March 29, 2023 Admin

Shell is at present pondering how to accommodate energy security with environment focuses in another system anticipated in June, with all choices on the table, the supermajor’s CEO Wael Sawan told The Money Road Diary in a new meeting.

OGDCL Launches Program To Distribute 100 Ambulances Across Pakistan

March 29, 2023March 30, 2023 Admin

Oil and Gas Advancement Organization Restricted (OGDCL) is the biggest investigation and creation organization in Pakistan working the country over. The organization has a great history of completing social work in regions where it works for government assistance of neighborhood networks. OGDCL has consistently surpassed its CSR commitments and spent more on government assistance projects for the networks close by it’s functional regions.