Russia’s daily oil exports from its western ports are set to rise by some 100,000 barrels per day to 1.97 million bpd in April from March as the impact of seasonal domestic refinery maintenance outweighs output cuts under an OPEC+ agreement, Reuters calculations based on data from three sources showed. According to the data, exports and transit of Urals, Kazakh…
Read MoreDay: March 25, 2025
OGDCL Announces Completion of Feasibility Study for Reko Diq Project
ISLAMABAD, March 25, 2025: Oil and Gas Development Company Limited (OGDCL) has announced the completion of the updated feasibility study for the Reko Diq Project, marking a significant milestone in Pakistan’s journey toward unlocking one of the world’s largest undeveloped copper-gold resources.OGDCL holds an 8.33% share in the project as part of a collective 25% stake held by three Pakistani…
Read MoreMari Energies Begins Hydrocarbon Production from Khyber Pakhtunkhwa’s Shewa Discovery
ISLAMABAD: Mari Energies Limited (formerly Mari Petroleum Company Limited) has commenced hydrocarbon production from the Shewa discovery in the *Waziristan Block, Khyber Pakhtunkhwa, under the *Extended Well Testing (EWT) phase. In a notice to the Pakistan Stock Exchange (PSX) on Tuesday, the company confirmed that gas and condensate production had begun following the completion of the gas transmission pipeline by…
Read MoreAltern Energy Seeks Early Termination of PPA Amid Operational Losses
ISLAMABAD: Altern Energy Limited has formally requested the Central Power Purchasing Agency (CPPA) to *terminate its Power Purchase Agreement (PPA) early, citing *sustained operational losses due to lack of dispatch demand in recent years. In a statement to the *Pakistan Stock Exchange (PSX), the company’s *Board of Directors announced that it had also sought the termination of the Implementation Agreement…
Read MoreGovt Limits Net Metering Contracts to 5 Years, Revises Buyback Rates
ISLAMABAD: The government has *capped net metering contract terms at five years, with periodic **revisions to buyback rates, as per new policy guidelines issued to the *National Electric Power Regulatory Authority* (Nepra). Amid criticism over the *buyback rate cut from Rs 27 to Rs 10 per unit, the *Power Division has clarified the settlement mechanism: *imported and exported units will…
Read MoreBYD Surpasses Tesla, Reports Record $100 Billion Revenue in 2024
BEIJING: Chinese electric vehicle (EV) giant BYD has overtaken *Tesla, posting a record *$107.2 billion in revenue** for 2024, as it accelerates its global expansion. The *Shenzhen-based automaker, a dominant force in **China’s EV market, is aggressively **expanding into Europe, unveiling a *new compact EV with super-fast charging to challenge established brands. This expansion comes as *Tesla faces headwinds in…
Read MoreTurkiye, Denmark Pledge Support for Pakistan’s Climate Fight
ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination, *Musadik Malik, held discussions with envoys from *Turkiye and Denmark on Monday to strengthen cooperation in climate resilience and carbon credit projects. Turkiye-Pakistan Climate Collaboration Ambassador of *Turkiye, Irfan Neziroglu, reaffirmed his country’s commitment to assisting **Pakistan in combating climate change, particularly through *carbon credit initiatives and *forestry management. Both sides…
Read MoreGovt’s Revised IPP Deals to Cut Power Tariff by Rs0.50 Per Unit
ISLAMABAD: The government has projected a modest reduction of Rs0.50 per unit in electricity tariffs following revised agreements with seven *independent power producers (IPPs). Despite this, total savings over the lifespan of these power plants are estimated at **Rs920 billion, a fraction of the *Rs2.5-2.8 trillion in annual capacity charges paid to IPPs. During a National Electric Power Regulatory Authority…
Read MoreTrinasolar Expands Presence in Pakistan with New Distributor Partnerships Amid Rising Solar Demand
Trinasolar, a global leader in smart PV and energy storage solutions, has strengthened its footprint in Pakistan’s renewable energy sector by forging strategic partnerships with key distributors—Mesol, Diwan, NMC Group, and Premier Energy. The Memorandums of Understanding (MOUs) were signed at the Solar Pakistan 2025 exhibition in Lahore, aiming to accelerate the adoption of Trinasolar’s cutting-edge *210mm n-type i-TOPCon Vertex…
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