The Compressed Natural Gas (CNG) filling stations continued selling gas despite the closure order of the Sui Southern Gas Company (SSGC) to meet the demand of domestic consumers, ARY News reported on Sunday. Several areas of Karachi are still facing hours-long gas shedding due to the failure of the SSGC to meet the demand of domestic consumers. On the other…
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Thar coal has come a long way. Two blocks are functional with installed power generation capacity of 2,000 megawatts. Power sector has helped open up Thar coal, which was lying dormant after its discovery in the 1980s. Several attempts were made to make a breakthrough but failed. Solving federal vs provincial control issue took a period of five years. On…
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The Pakistan-China Institute (PCI) hosted a two-day delegation visit to CPEC projects such as the Port Qasim Power Project and the Thar Coal Mines at Sindh Electric Coal Mining Company, according to Gwadar Pro. The delegation, led by Senator Mushahid Hussain Syed, included renowned parliamentarians from various political parties. Guo Guangling, CEO of Port Qasim Electric Power Company, hosted and…
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The appointing process of chief executive officer, Khyber Pakhtunkhwa Transmission and Grid Company (KPT&GC), has been finalized as it is the first power distribution company being established in the history of the province. The provincial government has allocated Rs96 million for the establishment of the new company including appointment of emergency staff for the company and the selection of the…
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Under the UN Framework Convention on Climate Change, the government has agreed that, by 2030, of the total number of new car sales in Pakistan, 30% will be Electric Vehicles (EV) running on renewable energy whereas this number will rise to 90% by 2040. The same is planned for the uptake of EVs in two and three wheelers, and heavy…
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Energy companies and governments are picking up the pace of the development of tidal energy operations in 2023, as countries worldwide look to diversify the renewables mix in a response to growing energy insecurity. Tidal power, a long-neglected green energy option, has finally gained greater traction in recent years, as governments look for innovative ways to meet their climate targets…
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Last year, against all odds, Russia managed to grow its oil output despite being hit with tough sanctions, a plethora of oilfield service companies exiting the country as well as the refusal by western countries to buy its crude for the most part. Indeed, Energy Intelligence reports that in 2022, Russia’s crude and condensate production increased 2%, with oil production…
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EU Report ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), during six months (June-December 2022), has made almost six discoveries through joint ventures with other companies with accumulative initial tested flow of around 4,407 Barrel of Oil per Day (BOPD) and 10.036 Metric Million Standard Cubic Feet per Day (MMSCFD) Gas. On June 15, 2022, the company announced the discovery of a new gas reservoir in the district Ghotki of Sindh province, according to the data…
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The OCAC in a letter to the federal government highlighted the challenges being faced by the oil companies due to the shortage of petroleum products, US dollars, rupee devaluation and limited issuance of letters of credit (LCs) for imports. The advisory council expressed serious concern over the devaluation of the rupee due to which OCAC is facing a loss of…
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The Canadian and Chilean gold mining companies dropped their $5.9 billion damage claim against Pakistan after Islamabad gave them the contract for the fifth-largest gold mine in the volatile province of Balochistan. In mid-December 2022, the Pakistani government, Barrick Gold, and Antofagasta PLC inked an agreement in London that handed the mining corporations half of the ownership rights of the Reko Diq…
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