ISLAMABAD, January 23, 2024: Oil & Gas Development Company Limited (OGDCL) is actively pursuing its production enhancement roadmap. We are pleased to share that the development well Sono-9 in Sono Development & Production Lease (D&P.L) has been successfully tested, completed, and brought into the production stream using OGDCL’s in-house expertise. The well was drilled to a depth of 2350 meters,…
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Jeddah, January 22, 2024: Saudia, the national flag carrier of Saudi Arabia, ranked 9th among global airlines in the On-Time Performance for the year 2023, according to the annual report by the independent aviation monitoring website Cirium. This follows outstanding performances throughout the year 2023, in which Saudia has secured a place in the top 10 for six consecutive months. Saudia’s…
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January 22, 2024: The President, Islamic Republic of Pakistan Dr. Arif Alvi conferred the PEC Excellence Award upon Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) in recognition of his outstanding contribution in the field of civil engineering, leadership and dedication to the national cause. The excellence award was bestowed upon him in the category of ‘Lifetime Achievement Award’ for…
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ISLAMABAD – Iran’s foreign minister Hossein Amir Abdollahian will arrive in Pakistan on January 29 as Islamabad and Tehran decided to restore diplomatic ties, the Foreign Office (FO) said on Monday. The development comes amid the de-escalation of ties between the neighboring countries following an Iranian air raid in Balochistan, after which Islamabad hits back at Iran’s Sistan-Baluchestan province. In…
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Karachi: January 22, 2024: The Pakistan Petroleum Limited-financed Women Vocational Training Centre (WVTC) in District Okara, Punjab has commenced operations. An amount of Rs. 50 million has been allotted by PPL for the project over a five-year period with the first tranche of Rs. 10 million already handed over to Behbud Association of Pakistan (BAP), the implementing partner. The project will impart vocational training to around 3,000…
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OGRA to fully back launching of Green Hydrogen as new reliable alternative energy option in Pakistan The Oil & Gas Regulatory Authority (OGRA) has held out the firm assurance that it will fully support the introduction of green hydrogen to Pakistan’s energy supply chain to cut harmful hydrocarbon emissions and reduce fuel import bill for the improvement of the environment…
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ISLAMABAD: For the first time, Pakistan has initiated diplomatic endeavours to effectively persuade the Kingdom of Saudi Arabia (KSA) and Sinopec — one of the biggest Chinese companies known for installing refineries — to help materialise the dream of setting up $10 billion state-of-the-art and deep conversion refinery with the capacity to refine crude oil of 300,000 barrels per day…
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KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, Mian Zahid Hussain said that it is astounding that the circular debt of the power and gas sectors has reached almost Rs6 trillion. It also indicates that the strategy of reducing the amount of circular debt by increasing tariffs has yet to…
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SINGAPORE: Oil prices fell for a second day on Monday as economic headwinds pressured the global oil demand outlook and outweighed geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. Brent crude fell 41 cents, or 0.5%, to $78.15 a barrel by 0105 GMT after settling down 54 cents on Friday.…
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Power production will remain sub-optimal due to low forex reserves along with outages LAHORE: Electricity load-shedding is back in the last couple of weeks. Urban areas are observing around four to five hours of load-shedding, while the situation is worse in rural areas. The demand for electricity is around 14,500 megawatts while the system is generating around 10,000MW of electricity.…
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