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Day: July 31, 2023

OGDCL Achieves Remarkable Increase in Oil and Gas Production in July 2023

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ogdcl

ISLAMABAD, July 31, 2023: While successfully implementing cutting-edge technologies and industry’s best practices, the Oil and Gas Development Company Limited (OGDCL) has recorded a substantial production increase during the month of July 2023. The company has achieved remarkable enhancements in oil and gas production across various exploration and development wells. These significant milestones mark the company’s commitment to delivering excellence…

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OGDCL sees significant oil & gas production increase in Sindh

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oil-gas.

Oil and Gas Development Company Limited (OGDCL) has registered a significant increase in oil and gas production from four of its wells located in Sindh. The oil and gas exploration company on Monday shared the details of its production enhancement recorded in the month of July via notice to the Pakistan Stock Exchange (PSX). OGDCL attributed the production enhancement to…

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Pakistan expects Gulf investment in renewable sector: Dastgir

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Khurram-Dastgir

Federal Minister for Energy Khurram Dastgir on Monday said Pakistan expects investment from Gulf countries in the renewable energy sector. Addressing media persons, the federal minister stressed on the increased usage of renewable energy. “In the coming days, we will be offering Gulf countries investment opportunities in the renewable energy sector. This is part of the SIFC (Special Investment Facilitation…

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Pakistan mining summit: govt says interests of investors to be protected

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Musadik-Malik

State Minister for Petroleum Dr Musadik Malik said the government would protect international investors that are interested in the country’s mining sector. Addressing a press conference on Monday, the state minister said the government has established a one-window operation to facilitate foreign investment. “In the shape of SIFC (Special Investment Facilitation Council), we have established a one-window operation, which would…

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300MW coal-based Gwadar power plant: Nepra extends levelised tariff of 7.78 cents for 30 years

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Gwadar-power

ISLAMABAD: Nepra has accorded approval to the levelised tariff at 7.78 cents (Rs22.34) per unit for 30 years of 300MW Gwadar coal-based power plant to be constructed under the CPEC umbrella. The project will be commercially operational in three years’ time and the plant availability will be 85 percent. The regulator has determined the tariff on the basis of debt-equity…

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Matiari-Lahore HVDC transmission project unique in nature

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Matiari-Lahore

LAHORE: As the sun rises and street lights turn off in Lahore, capital of Pakistan’s eastern Punjab province, Zubair Tufail, an electrical engineer also starts his daily work at a converter station of ±660 kilovolt Matiari-Lahore high-voltage direct current (HVDC) transmission project in a suburb of Lahore, where he works as team supervisor of operations. A 26-year-old native of Lahore,…

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China names Jiang as new ambassador to Pakistan

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Jiang-Zaidong

ISLAMABAD: China has nominated Jiang Zaidong as the new ambassador to Pakistan after six months, it was learnt on Sunday. According to reports, Jiang Zaidong will assume the charge soon. He is a senior official at China’s Ministry of Foreign Affairs and an experienced diplomat. New envoys for China, Russia appointed The post of a permanent Chinese ambassador to Pakistan…

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Dar informs Senate: Forex reserves rise to around $14bn

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Ishaq-Dar

ISLAMABAD: Finance, Revenue Minister Ishaq Dar claimed in the Senate on Sunday that Pakistan’s foreign exchange reserved increased from “$ 8 billion dollars to around $ 14 billion due to the prudent economic policies of the government.” He said the government “managed to achieve this objective with the generous support from friendly countries like Saudi Arabia, Qatar and China”. “China…

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CPEC likely to get fresh impetus

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CPEC-likely

Minister for Planning and Development Ahsan Iqbal says Pakistan expects speedy progress in the second phase (2030) of the China-Pakistan Economic Corridor following visit of China’s Vice Premier He Lifeng ISLAMABAD: Minister for Planning and Development Ahsan Iqbal said on Sunday that Pakistan expects speedy progress in the second phase (2030) of the China-Pakistan Economic Corridor (CPEC) following visit of…

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140 Years of Wind Power: As the World Reaches 1 Mio MW, New Discovery Shows that the World’s First Wind Generator Was Installed in 1883

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wind-power

140 Years of Wind Power: The World Reaches 1 Million Megawatt New Discovery: Austrian Engineer Josef Friedländer installed the first wind generator in Vienna already in 1883 Bonn, 31 July 2023 (WWEA) – Mankind has been making use of the power of the wind for thousands of years. The first machines driven by wind in forms of wind mills were…

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