KARACHI: Oil marketing companies recorded volumetric sales of 1.26 million tonnes in October, up 19 per cent from a month ago but down 24pc on an annual basis. According to a note by Topline Research on the latest industry data, the monthly jump in volumetric sales is due to the low base of the preceding month. In addition, higher prices…
Read More
Islamabad 02.11.2023. Oil & Gas Development Company Limited OGDCL and Ministry of Energy (Petroleum Division) organized a day-long Conference and Consultative Session on the present state of qualified and trained Human Resource in the Mining and Mineral Sector of Pakistan. CEOs of Public Sector Mining Companies including Sandak Metals, PMDC and Pakistan Minerals Ltd along with Chairpersons of Mining Departments…
Read More
Karachi, 2 November 2023: In a landmark initiative to accelerate Pakistan’s clean energy transition, the Embassy of Denmark, in close collaboration with the Danish Energy Agency, unveiled its flagship event, ‘GreenTech’. This event marked Denmark’s unwavering commitment to bolster Pakistan’s pursuit of a more environmentally friendly and sustainable energy landscape. GreenTech was not just another conference; it represented a pioneering…
Read More
Islamabad: The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on Ist November, 2023 at OGDCL Head Office, Islamabad announced the financial results for the first quarter ended 30th September, 2023 of fiscal year 2023-24. Net sales revenue clocked at Rs. 120.140 billion translating to Profit after tax of Rs. 49.037 billion and…
Read More
Immediate solution is water sprinkling tried in many SE Asian countries, Delhi ISLAMABAD: As usual there is again a smog attack in Punjab, especially in and around Lahore, Faisalabad and Gujranwala regions. The problem is so intense that there is a proposal for calling every Wednesday off for the coming few months. Smog causes a variety of respiratory, eyes and…
Read More
KARACHI: The topic of the talk organised by the Urban Resource Centre (URC) on Tuesday was ‘The adverse effects on health due to weather changes’ and the speaker, Dr Tipu Sultan of the Pakistan Medical Association (PMA), changed it completely by showing a mirror to all those who were under the impression that they were occasionally under the weather because…
Read More
Karachi, November 1, 2022: “Climate change is a global issue but in Pakistan’s case it is evident that climate change is happening now and not a phenomenon that only our future generations will experience,” said Amir Paracha, OICCI President at the 2nd Pakistan Climate Conference on November 01. This is the second consecutive year that the OICCI has organized the…
Read More
KARACHI: Shell Pakistan Ltd (SPL) said on Tuesday it has received a public announcement of intention from Saudi Arabia-based WAFI Energy LLC to buy up to 77.42 per cent of its shares, which are currently held by the oil firm’s foreign sponsor. The potential acquirer is a Saudi retail gas station network and a sole licensee of Shell retail pumps…
Read More
Abu Dhabi, 30 October 2023: The COP28 Presidency, the International Renewable Energy Agency (IRENA), and the Global Renewables Alliance (GRA) launched a joint report today on the sidelines of the Pre-COP event in Abu Dhabi, titled Tripling Renewable Power and Doubling Energy Efficiency by 2030: Crucial Steps Towards 1.5 °C. The report provides actionable policy recommendations for governments and the private…
Read More
ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has resubmitted the transition from LIBOR to SOFR for energy sector projects sans Chinese IPPs, with the observation that due to manipulation of several financial institutions and weakness in governance oversight of LIBOR as benchmark rate, the Federal Reserve’s Alternative Reference Rate Committee’s recommended SOFR as benchmark rate is more resilient and…
Read More
