ISLAMABAD: The Petroleum Division has retracted its proposal under the amended Exploration and Production (E&P) Policy 2012, which allowed exploration companies to allocate 35% of future gas discoveries to the private sector over seven years, concluding by 2030. Instead, new guidelines require E&P companies to first recover depleted gas before selling 35% of additional output to the private sector. A…
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ISLAMABAD: Malaysian Prime Minister Anwar Ibrahim is expected to visit Pakistan from October 2-4, 2024, following an invitation from Prime Minister Shehbaz Sharif, according to well-placed sources. The visit will feature high-level discussions aimed at strengthening bilateral relations across various sectors, including trade, energy, and green technology. Pakistan is set to present a list of green energy projects for potential…
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KARACHI: The Sindh Assembly was informed on Monday that 81 industrial units, including 10 textile mills and five sugar mills, had closed over the past five years due to the ongoing electricity crisis in the province. Parliamentary Secretary for Industries and Commerce, Ali Ahmed, shared the details while responding to lawmakers’ questions, acknowledging that the power shortage had significantly impacted…
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September 24, 2024 – Chairman WAPDA, Engr Lt Gen Sajjad Ghani (Retd), emphasized the critical importance of the Dasu Hydropower Project in addressing Pakistan’s energy needs with clean, green, and affordable hydropower. He urged for focused efforts to ensure timely project completion during his recent visit to the construction site in Upper Kohistan, Khyber Pakhtunkhwa. The Chairman inspected key project…
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ISLAMABAD, September 23, 2024: The Board of Directors of Oil & Gas Development Company Limited (OGDCL), in its meeting held on Monday, September 23, 2024, in Islamabad, announced the financial results for the fiscal year ended June 30, 2024.OGDCL achieved net sales revenue of Rs. 463.698 billion, with a profit after tax of Rs. 208.976 billion, translating to earnings per…
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Karachi: A lively and impactful seminar with the theme ‘energy crisis: challenges and opportunities’, was held at DHA, SUFFA University, Karachi on Monday.The seminar was organized by Karachi Editors Club in collaboration with DHA, SUFFA Uinversity.Speaking on the occassion former Chairman of FBR, Shabbar Zaidi, in a impassionate speech said that it is the need of the hour that a…
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