State Minister for Energy (Petroleum Division) Musadik Malik on Thursday reiterated that there is no shortage of petroleum products in the country, and the government will strictly deal with those hoarding petrol and diesel. Addressing media persons amid a reported shortage of petroleum products in Punjab, the minister said that since Wednesday over 900 inspections were carried out in various…
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Pakistan’s energy imports – petroleum, LNG, LPG, and coal-stood at $25 billion in the last fiscal year. Within it, the share of transport is the highest while its efficiency in usage is woefully low. This is not sustainable and has to change. In the medium to long term, the focus has to shift on indigenous energy resources, including renewables, to…
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Britain’s biggest gas supplier, the Norwegian state-owned oil company Equinor, has been accused of “profiteering” from the energy crisis and higher household bills after posting record annual earnings of £62bn. The oil and gas producer said on Wednesday that adjusted profits hit $15.1bn (£12.5bn) in the final three months of last year, bringing total annual profits to $74.9bn, the highest…
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BP Azerbaijan is the operator of the sections of the Baku-Tblisi-Ceyhan (BTC) pipeline in Azerbaijan and Georgia. BP-operated assets in Azerbaijan include the Azeri-Chirag-Gunashli (ACG) oilfield, the massive Shah Deniz gas field, the Baku-Tbilisi-Ceyhan (BTC) pipeline, and South Caucasus Pipeline (SCP). Ceyhan is the key export outlet for Azerbaijan’s oil and ships out around 650,000 barrels per day (bpd) of…
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US natural gas futures gained about 2% on Thursday after dropping to a 25-month low in the prior session on rising LNG exports and forecasts for slightly colder weather over the next two weeks than previously expected. That small price increase came ahead of a federal report expected to show last week’s storage withdrawal was bigger than usual for the…
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he Sindh government and the Asian development bank (ADB) have agreed to collaborate to procure another fleet of Electrical Vehicles to include them in the Peoples Bus Service already operating in Karachi.This emerged in a meeting between Sindh Chief Minister Syed Murad Ali Shah and the ADB delegation led by its Country Director Mr. Yong Ye. The other delegation members…
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ISLAMABAD: Qatar has reportedly agreed to consider Pakistan’s offer to buy shares/ stakes of Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) and sell Mirage-2000 fighter aircrafts to Pakistan. This was revealed at a recent inter-ministerial meeting presided over by Special Assistant to Prime Minister on Coordination, Syed Tariq Fatemi as a follow up of Prime…
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LAHORE: Water and Power Development Authority (WAPDA) will add as much as 10,000MW of low-cost, green and clean hydroelectricity to installed power generation capacity of the country by 2030 with phased completion of its under-construction projects. Consequently, according to WAPDA Chairman Lt Gen Sajjad Ghani (retd), this would double the country’s hydropower generation to about 20,000MW from the current 9,500MW,…
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As an artificial petrol shortage has left motorists high and dry, the government warned petroleum products hoarders to end the criminal activity that creates a deliberate fuel shortage or be ready for dire consequences, including revoking the licences of oil marketers. The full-blown crisis of low fuel supplies at filling stations has multiplied the problems of commuters, forcing them to…
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Solis has just won the National First (Set of) Equipment Award for its S6-EH1P(7.6-11.4)K-H hybrid energy storage inverter, making this further proof of the S6 inverter’s leadership in technology and innovation. First (set of) equipment refers to the first (set of) or first batch of equipment, system and core components with independent intellectual property rights and major breakthroughs in varieties,…
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