In a significant development , during the ongoing 8th Silk Road International Expo for investment and trade forum in Xian , Shaaxi province China, an MOU is signed between OGDCL the flagship E&P company of Pakistan and CCDC , the major player in Drilling and upstream Oil field Services of People’s Republic of China The MOU underscores commitment of both…
Read MoreFederal Minister for Petroleum Dr Musadik Malik holds round table meetings with Chinese companies Federal Minister for Petroleum Dr Musadik Malik held round table meetings with Chinese companies at Pakistan pavilion set up at the 8th Silk Route Expo in Xian, China. Leading Petroleum sector companies of Pakistan are participating in the Expo to conclude investments with the chinese companies.…
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has levied a Rs10 million fine on the Islamabad Electric Supply Company (IESCO) for its failure to ensure proper earthing and grounding of high-tension and low-tension poles across its service area. In its ruling, NEPRA stated that after reviewing IESCO’s submissions, the company’s response to a show-cause notice was deemed unsatisfactory. The…
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ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has proposed a significant increase in gas transportation and distribution tariffs for the fiscal year 2024-25. The company is requesting a hike of Rs184 per MMBTU for transportation and Rs614 per MMBTU for distribution, compared to the previous year, specifically for third-party private companies that use SNGPL’s infrastructure to supply gas to bulk…
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ISLAMABAD: The Senate Energy Committee, chaired by Senator Mohsin Aziz, has highlighted significant discrepancies in the pricing of electricity generated from bagasse, citing the absence of a formal pricing mechanism. During the meeting, Senator Aziz questioned the wide range in bagasse valuations, with some plants pricing it at $356 per tonne and others as low as $75. The Chairman of…
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