Hyderabad, Sindh: The Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production (E&P) company, has significantly boosted oil production at its Kunnar Oil Field in the Hyderabad district of Sindh. In a notice to the Pakistan Stock Exchange (PSX), OGDCL announced that the production at Kunnar-12 well has increased from 1,060 barrels per day (bpd) to 1,820…
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ISLAMABAD: Pakistan is set to formally approach the International Monetary Fund (IMF) to gain consent for a planned rebasing of electricity tariffs, a move aimed at mitigating financial pressure on consumers and averting potential public protests. Previously communicated informally to the IMF, the government’s rebasing proposal seeks to address concerns over high electricity rates, which have sparked widespread dissatisfaction. The…
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Abu Dhabi – SolaX Power proudly showcased its cutting-edge solar technology at the World Future Energy Summit (WFES) 2025, the MENA region’s first major photovoltaic exhibition of the year. As the leading event for solar innovation, WFES served as the ideal platform for SolaX to reveal a comprehensive range of solutions tailored to meet the energy demands of residential, commercial,…
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Islamabad, January 22, 2025 – The Oil and Gas Regulatory Authority (OGRA), in collaboration with the Federal Board of Revenue (FBR) and the Oil Companies Advisory Council (OCAC), has launched a state-of-the-art mobile application, ‘Raahguzar.’ This innovative app, utilizing Geographic Information System (GIS) technology, enables users to pinpoint legal petrol pumps and outlets across the country, marking a significant step…
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ISLAMABAD: The longstanding debate over Net Hydel Profit (NHP) has reignited, with the Khyber Pakhtunkhwa (KP) government demanding an increase of Re. 1 per unit to ensure the payment of its dues. However, the proposal has faced opposition from WAPDA, Punjab, and Sindh, sources in the Planning Commission revealed. The matter was discussed during an inter-provincial meeting chaired by Awais…
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ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has called on the Petroleum Division for urgent support to finalise a gas cost equalisation arrangement with Sui Southern Gas Company Limited (SSGC) and to include the full financing cost of short-term RLNG borrowings in the RLNG price structure to ensure cost recovery. In a letter to the Director General (Gas) at the…
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ISLAMABAD: Mari Energies Limited (MARI), formerly known as Mari Petroleum Company Limited, has announced its definitive agreement to acquire a 5% stake in Kohesultan Mining Company Limited (KMCL). The development was disclosed in a notification to the Pakistan Stock Exchange (PSX) on Wednesday. “Mari Minerals (Private) Limited, a wholly owned subsidiary of Mari Energies Limited, has entered into a definitive…
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ISLAMABAD: The Engineering Development Board (EDB) has been entrusted by the Ministry of Energy, under the National Electricity Policy 2021 and National Electricity Plan 2023, to design a comprehensive Power Sector Indigenisation Plan (PSIP). This initiative seeks to promote import substitution, enhance localisation, and unlock export potential for Pakistan’s electrical power equipment. The PSIP will focus on localising the production…
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ISLAMABAD: The federal government has claimed Rs225 billion in receivables from K-Electric (KE), with Rs186.5 billion attributed to mark-up on a principal liability of Rs38.8 billion, according to the power division’s latest circular debt report. The report, released after a six-month gap, highlighted a reduction in the power sector’s circular debt, which stood at Rs2.381 trillion as of November 2024—a…
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London: At the British International Freight Association (BIFA) Freight Service Awards 2024, deugro was honored with the Project Forwarding Award, recognizing its exceptional logistics solution for a complex project in northern Papua New Guinea. The BIFA Freight Service Awards celebrate excellence and professionalism across nine industry categories. At the ceremony held on January 16, 2025, deugro impressed judges with its…
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