Oil prices have declined following reports of progress in talks between the US and Iran, easing concerns about potential supply disruptions. The development has had a significant impact on global oil markets. Key Factors: Market Impact:
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SNGPL Challenges OGRA’s Methodology in LHC, Raises Concerns Over ROA Calculation
Sui Northern Gas Pipelines Limited (SNGPL) has approached the Lahore High Court (LHC), contesting the Oil and Gas Regulatory Authority‘s (OGRA) methodology for calculating the Return on Assets (ROA). This development highlights the ongoing disputes between SNGPL and OGRA regarding gas pricing and regulatory frameworks. Key Issues: Potential Implications: Story by Wasim Iqbal
Read MoreGO Seeks PM’s Intervention Over OGRA Chief’s PerformanceSaudi-backed firm cites regulatory concerns, calls for leadership reforms
KARACHI: Gas and Oil Pakistan Limited (GO), partly owned by Saudi oil giant Aramco, has appealed to Prime Minister Shehbaz Sharif to review the performance of Oil and Gas Regulatory Authority (OGRA) Chairperson Masroor Khan, citing ineffective leadership and growing instability in the sector. In a formal letter to the Prime Minister’s Office, GO expressed serious concerns over OGRA’s handling of key industry issues. Despite Chairperson Khan’s background in the energy sector, the company alleged that his tenure has delivered limited progress on vital regulatory matters. “Repeated meetings have failed…
Read MoreNEPRA to Review Tariff Cut Proposal for Four Government Power Plants Public hearing set for April 24; plan aims to reduce electricity costs and idle payments
ISLAMABAD: In a major move to slash electricity costs, the National Electric Power Regulatory Authority (NEPRA) has admitted joint tariff cut applications from the Central Power Purchasing Agency-Guarantee (CPPA-G) and four state-owned power plants. A public hearing on the proposed adjustments is scheduled for April 24, 2025. The plants include National Power Parks Management Company’s Balloki and Haveli Bahadur Shah facilities, Central Power Generation Company’s 747MW Guddu plant, and Northern Power Generation Company’s Nandipur plant. The requested revisions seek to reduce capacity payments and overall consumer tariffs. Key proposals include…
Read MoreNEPRA Tariff Member Resigns Amid PM’s Displeasure and Sector CriticismMathar Niaz Rana steps down ahead of term amid stalled projects, regulatory delays
KARACHI: The federal government has accepted the resignation of Mathar Niaz Rana, Member Tariff at the National Electric Power Regulatory Authority (NEPRA), following growing dissatisfaction with his performance from both within the government and the energy sector. Rana, a former top bureaucrat who previously served as Chief Secretary in Balochistan, resigned four months before completing his term. His appointment had been made on Balochistan’s recommendation, but insiders say that his extension was unlikely due to mounting criticism over his handling of key regulatory matters. While no formal reason was cited…
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