The China-aided Eastbay Expressway of Gwadar port has begun operation since June, enhancing connectivity of the port, which is now transporting two hundred thousand tonnes of fertilizer. Karot Hydropower started commercial operation in June as well, which provides cheap and clean electricity, and can reduce 3.5 million metric tonnes of carbon emissions annually. The TEL and Nova power plants in…
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Federal Ombudsman Ejaz Ahmad Qureshi has directed gas providing agencies including Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) to make a more responsive and effective mechanism to deal with people’s complaints. He was presiding a high-level meeting to discuss the working of gas companies and their administrative arrangements to address citizens’ complaints. The meeting…
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The Premier Shehbaz led Federal Government has stepped back from the agreed condition with the International Monetary Fund (IMF) by reducing Petroleum Levy gradually due to political gains. The Shehbaz Government had agreed with the IMF to collect Rs850 billion during the current fiscal year by gradually enhancing Petroleum Levy to Rs50 per litre up to April 2023 to revive…
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The Islamic Emirate of Afghanistan’s (IEA) Ministry of Industry and Commerce (MoIC) has welcomed Russia’s suggestion that it will export gas to Afghanistan and Pakistan. The ministry said in a statement on Saturday that the Islamic Emirate is fully committed to positive economic relations with all countries and has already provided the ground for regional connectivity. “The Islamic Emirate welcomes…
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Prior to the pandemic-induced downturn in world oil production, U.S. oil production growth was responsible for 98 percent of the increase in world production in 2018 (as reported in 2019). Almost all of that growth resulted from rapid increases in shale oil production which accounted for 64 percent of U.S. production (as of 2021). Fast forward to today when Oilprice.com…
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THE oil and gas (O&G) sector is expected to run into twin headwinds this year, characterised by the volatility in the energy market and the slowdown of the global economy. One bright spot for Malaysia is Petroleum Nasional Bhd (Petronas) and the overall positive sentiment towards its activities for 2023-2025, as well as the national oil giant’s third-quarter net profit which…
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Domestic consumers are bracing for long hours of gas outages as they are receiving supplies for only eight hours a day to meet cooking needs amid growing demand of gas in current winter season and non-availability of expensive imported LNG on spot purchase. The gas deficit in the country for the winter season 2022-23 has been worked out at 1.35…
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The district administrations of Peshawar and Mardan divisions on Saturday imposed bans on opening of all CNG stations in the districts from January 1 to January 31. In separate notifications, the decision has been made on the recommendation of Sui-Northern Gas Pipeline Limited (SNGPL) and Home and Tribal Affairs Department. All the CNG stations situated in both divisions would be…
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The long-awaited project of connecting the Thar coal deposit by railway to the Pakistan Railway network is set to soon receive financing. PC-I of the project has reportedly been prepared and is expected to be approved soon”. The total project cost of Rs 58.240 billion would be supported on an equal cost sharing basis through the Public Sector Development Programme…
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The National Accountability Bureau (NAB) has initiated an investigation against ‘illegal’ recruitment and promotion in Sindh Assembly, ARY News reported on Saturday. According to details, the accountability watchdog initiated an investigation against ‘illegal’ recruitment and promotion in Sindh Assembly and sought details from Secretary Sindh Assembly Umar Farooq. As per a statement, the NAB has sought details from Secretary…
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