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Day: February 20, 2025

Pakistan’s Oil output rises by 10,000 barrels due to tech innovation: Musadik Malik

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oil-and-gas

ISLAMABAD, Feb 20 (APP):Federal Minister for Petroleum Dr. Musadik Malik on Thursday underscored the transformative impact of technological advancements on Pakistan’s energy sector, revealing that a single innovation has led to a 10,000-barrel increase in the Oil and Gas Development Company Limited (OGDCL)’s oil production.Addressing a celebration event organized by OGDCL and Schlumberger, he said that if four more companies…

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Nasir Shah announces to provide solar power in remote areas

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soalr energy

Karachi (Feb 20): Provincial Minister for Energy, Development and Planning Syed Nasir Hussain Shah has said that solar panels will be provided where electricity has not reached, Bilawal Bhutto Zardari’s vision is to provide electricity to everyone. He said this while addressing the inauguration ceremony of electricity supply in Abdullah Rind Goth, Manghopir Town today. PPP MNA Shahida Rehmani, Manghopir…

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China, Pakistan strengthen renewable energy ties with strategic accord

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Pakistan-China

ISLAMABAD  –  A strategic cooperation agreement to enhance clean energy collaboration was signed between Mingyang Smart Energy Group Co, Ltd, China and the Energy Department of Sindh, Pakistan, China Economic Net (CEN) reported on Tuesday. Under the agreement, Mingyang Smart Energy will construct a 350MW wind-solar integrated power storage project and a 75MW wind power project in Sindh. These projects…

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Oil rises on supply concerns as market awaits clarity on sanctions

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Oil rises

NEW YORK: Oil prices rose about 1% to a one-week high on Wednesday on worries about supply disruptions in Russia and the US, while the market awaits clarity on sanctions as the US attempts to broker a deal to end the war in Ukraine. Brent futures were up 65 cents, or 0.9%, at $76.49 a barrel by 10:38 a.m. EST…

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Oil little changed after report of rising US crude inventories

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oil-and-gas

Oil prices were little changed on Thursday after rising to a near one-week high in the previous session, as an industry report showing a buildup in U.S. crude stockpiles weighed on sentiment. Brent futures were up 20 cents at $76.24 a barrel by 0600 GMT. U.S. West Texas Intermediate crude dropped 30 cents to $71.95. The March contract expires on…

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Pakistan’s power generation decreases in January as demand dips

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Power-sector

Power generation in Pakistan clocked in at 8,152 GWh (10,957 MW) in January 2025, a decrease of 2% YoY compared to the same period of the previous year, amid a decline in the overall demand. Back in January 2024, power generation stood at 8,314 GWh (11,175 MW). On a monthly basis, power generation improved by 4.5% as compared to 7,801…

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