SINGAPORE: China’s November crude oil imports rose 14.3% from a year earlier to 48.52 million metric tons, customs data showed on Tuesday. Oil prices rise on Chinese data China’s January-November crude oil imports were down 1.9% at 506 million metric tons, according to the General Administration of Customs data.
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He reiterated his commitment to mass deportations of undocumented immigrants, including millions over the next four years, beginning with convicted criminals. Trump also emphasized his intent to end birthright citizenship, a move he plans to pursue through executive action. He vowed pardons for individuals convicted in the January 6 at*ack, describing their prison conditions as h@rsh. Trump also intends to…
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ISLAMABAD: Pakistan is actively pursuing two financial avenues to address its energy needs: securing syndicate financing from the Islamic Development Bank (IsDB) and attempting to revive the Saudi Oil Facility (SOF), which has faced delays despite extensive diplomatic efforts. Prime Minister Shehbaz Sharif has made several visits to Saudi Arabia since taking office, yet the SOF remains unfinalized. Pakistan hopes…
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LONDON: The Organization of the Petroleum Exporting Countries (OPEC) is poised to re-elect Haitham al-Ghais of Kuwait for a second three-year term as Secretary General during a virtual meeting on December 10, according to four group delegates. The meeting, scheduled to begin at 12:30 GMT, is expected to focus solely on administrative matters and conclude quickly, one source noted. Al-Ghais,…
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ISLAMABAD: Herbin Electric International Company Limited (HEICL), the Chinese OEM and EPC contractor for Thermal Power Station (TPS) Guddu, has raised objections to the new tender process for rehabilitating Steam Turbine (ST)-16. In a letter to CPGCL’s Chief Operating Officer, HEICL’s Senior Manager for Customer Services expressed gratitude for attending an online meeting on November 27, 2024, but voiced concerns…
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ISLAMABAD: The World Bank has expressed concerns over delays in the $195 million Electricity Distribution Efficiency Improvement Project (EDEIP), citing challenges related to implementing agency capacity, land acquisition, and procurement processes. The project, designed to enhance operational efficiency and support power sector reforms, has seen only 5.86% of funds disbursed—approximately $11.43 million—since its approval in December 2021. Initially declared effective…
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ISLAMABAD: The financial close for the Reko Diq Mining Project is projected for June 2025, with the Asian Development Bank (ADB) exploring a third-party guarantee arrangement, according to sources. During a progress review meeting chaired by the Project Support Team (PST) at the Prime Minister’s Office, key milestones were discussed, including the completion of the feasibility study by December 2024…
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PESHAWAR: In a rare display of dissent, members of the treasury benches in the Khyber-Pakhtunkhwa (K-P) Assembly staged a symbolic walkout during Monday’s session, protesting the non-payment of oil and gas royalties owed to the Kohat region. Raising the issue on a point of order, Kohat MPA Dawood Shah highlighted the division’s annual oil and gas production capacity of Rs400…
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