The energy transition requires a dramatic increase in the supply of critical materials, yet their supplies chains remain vulnerable to a range of geopolitical risks.
Read MoreDiversifying Critical Material Supply Chains Minimises Geopolitical Risks
Month: July 2023
PRL Launches REUP to Boost Refining Capabilities,Urges Policy Support
Karachi, July 13, 2023 – Pakistan Refinery Limited (PRL) is embarking on an ambitious project to enhance and modernize its refining capabilities through the Refinery Expansion and Upgrade Project (REUP). This initiative aims to propel PRL into a sustainable future, producing cleaner and environmentally friendly fuels, while meeting the growing demands of the market. However, the absence of a comprehensive…
Read MoreDeugro Further Strengthens Wind Renewable Energy Efforts in Germany
Hamburg, Germany, July 13, 2023 – deugro is pleased to announce the appointment of Stefanie Schöttle-Christiansen as Head of Wind Renewable Energy Germany, deugro, effective July 1, 2023. The addition further underlines the company’s commitment to sustainability, and especially the wind energy efforts in Germany. In her new role, Stefanie Schöttle-Christiansen will ensure deugro continues to meet the growing demands…
Read MoreOGRA & MINISTRY OF ENERGY (PETROLEUM DIVISION) JOINTLY HOSTED MEETING WITH OIL INDUSTRY
Islamabad. The Oil and Gas Regulatory Authority (OGRA) and Ministry of Energy (Petroleum Division) jointly hosted the meeting with Oil Industry to deliberate on many challenges highlighted by the industry. The Oil industry representatives presented the sector’s concerns and submitted proposals to deal with the challenging business environment in the country. The submissions of the Oil Industry were discussed and…
Read MoreOMCs seek 100pc rise in margins on POL products
KARACHI: The oil sector has sought a 100 percent increase in the margins of oil marketing companies (OMCs) on petroleum products, citing a higher cost of doing business following a 20-year slump in diesel demand, The News learnt on Tuesday. Oil industry representatives held a meeting with the Oil and Gas Regulatory Authority (OGRA) on Tuesday and presented the sector’s…
Read MorePRL eyes $5 billion investment after refineries upgrade
KARACHI: Pakistan Refinery Limited (PRL) is eyeing $5 billion investment after an upgrade at all its existing refineries, which will result in 5 deep conversion refineries collectively capable of refining around 350,000 barrels per day (bpd) of crude oil, Tariq Kirmani, chairman of the board of directors at PRL, said in a statement. The company is making strides towards enhancing…
Read MoreIMF board to meet today to decide on $3bn loan agreement
The International Monetary Fund’s (IMF) executive board will meet today (Wednesday) to review the $3 billion stand-by agreement for Pakistan, which was finalised at the end of June. Pakistan expects the board to also release the first tranche of $1.1bn as part of the loan programme. The initial disbursement is contingent upon the board’s approval. Pakistan was absent from an earlier schedule…
Read MoreEcnec clears health, energy projects worth over Rs1tr
ISLAMABAD: The Executive Committee of the Economic Council (Ecnec) on Tuesday approved six projects with an estimated cost of Rs1.077 trillion including two mega country-wide projects in health and energy sectors. Federal Minister for Finance and Revenue Ishaq Dar presided over the meeting also attended by Commerce Minister Syed Naveed Qamar, SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq…
Read More$5bn Chashma-5 N-plant to produce power at Rs20 per unit: Country has swallowed a bitter pill?
ISLAMABAD: The dollar-deficient Pakistan is said to have accepted a bitter pill of $ 5 billion Chashma-5 (C-5) nuclear power plant at electricity price of about Rs20 per unit, substantially higher than Thar coal projects besides shelving renewable energy projects, well-informed sources told Business Recorder. Last month, China and Pakistan signed a Memorandum of Understanding (MoU) for a 1,200 MW Chashma-5…
Read MoreMulti Award Winner Solis Cements its Position as 3rd Largest Global Inverter Manufacturer
independent industry tracker ranks Solis as world number 3, by shipped MW, for second year running 6th July, 2023, Ningbo, China: Ginlong(Solis) Technologies (the company), one of the most experienced inverter producers in the world, has been ranked the world’s 3rd largest inverter manufacturer for the second consecutive year. This latest success builds on a string of awards and accolades…
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