KARACHI (April 3): The Chief Minister of Sindh, Syed Murad Ali Shah, met with a team from the World Bank, led by Country Director Mr. Najy Benhassine and discussed the progress of 13 active projects worth $3.2 billion that are being assisted by the World Bank.So far, 40 per cent or $1.33 billion has been disbursed and they agreed to…
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Qatar is backing up its massive LNG expansion plans with new orders to charter dozens of new ships as the tiny Gulf gas producer aims to solidify its dominance in the global LNG export market. Last year, the United States overtook Qatar as the world’s largest LNG exporter, but Qatar has a huge expansion program underway to boost its…
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In Karachi, Pakistan Refinery Limited (PRL) has announced its intention to sign a supplemental agreement with the Oil and Gas Regulatory Authority (OGRA) soon. This agreement marks a significant step towards transformative upgrades and expansions within the company, aimed at doubling its refining capacity from 50,000 barrels per day (bpd) to 100,000 bpd. The agreement will also enable PRL to…
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In Peshawar, following the resumption of work on Tarbela Dam, a Chinese company has now recommenced operations on the Diamer Bhasha Dam. However, work on the Dasu Dam remains suspended for the time being, with sources indicating that it will resume in the coming days. Nazakat Hussain, the General Manager of Diamer-Bhasha Dam (DBD), confirmed the Chinese company’s return to…
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Eoltech, a leading wind and solar resource assessment consultancy, released today the findings of a new study that aimed at assessing the variations of the global wind resource over the last 15 years. The data show that worldwide wind power production is very predictable, with annual variations remaining within a ± 3 % range. These results are based on irec…
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In Islamabad, the renowned new energy vehicle manufacturer BYD (Build Your Dreams) from China has announced a strategic collaboration with local partner Mega Conglomerate (Private) Limited. This partnership aims to introduce innovative New Energy Vehicle (NEV) solutions in Pakistan, aligning with the country’s goals to reduce carbon emissions and promote energy-efficient transportation. BYD, recognized for its groundbreaking work in electric…
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In Islamabad, Prime Minister Shehbaz Sharif has instructed authorities to expedite work on two crucial hydropower projects located in Attaabad and Harpo. Additionally, he has called for an action plan regarding solar energy projects in Gilgit-Baltistan, emphasizing the government’s commitment to addressing the region’s energy needs. Following a meeting with Gulbar Khan, Chief Minister of Gilgit-Baltistan, PM Shehbaz formed a…
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In Karachi, the demand for petroleum oil products surged to a 21-month high of 1.15 million tonnes in March, showcasing a positive trend towards economic stability. Data from the Oil Companies Advisory Council (OCAC) revealed that oil marketing companies (OMCs) experienced a 4% increase in sales compared to the same period last year and a 3% rise from the previous…
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