As seen in data by the World Nuclear Industry Status Report, most nuclear energy programs were started in the 1970s, a fact that reflects in the age of nuclear reactors today. Despite some nuclear programs having ended (and many more scheduled for phase-out), the number of nuclear programs in the world has plateaued for many decades as some nations still…
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Deficiencies in the legal structure and infrastructure and lack of strategic planning have marred the liquefied natural gas (LNG) supply chain in Pakistan. Analysing the LNG framework and its supply chain, auditors have pointed out several deficiencies like lack of a proper structural and legal framework and proper planning, which harm LNG business. They said that it resulted in a…
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The Government is likely to impose excise duties on inefficient fans and bulbs, fix timings for shops, and marriage halls, encourage E-bikes, adding conical baffles in gas geysers and encourage carpooling as measures to conserve energy. The decision was taken at a meeting of a Committee headed by the Minister of Defence, Khawaja Asif which was attended by Minister for…
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Finance Minister Ishaq Dar on Saturday directed all relevant departments for early completion of the remaining steps to ensure the revival of the multi-billion-dollar Reko Diq project before the Dec 15 deadline. The apex committee on the Reko Diq project chaired by Finance Minister Ishaq Dar reviewed the progress on the implementation of agreed steps so far for the completion…
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The government has planned to fully deregulate its petroleum products market by 2027 after the country’s oil refineries make necessary technical upgradation in 2026, according to the draft of the upcoming Pakistan Oil Refining Policy. The Oil and Gas Regulatory Authority (Ogra) is in the process of consultation with oil marketing companies and refineries. Petroleum product rates are currently determined…
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Federal Minister for Finance and Revenue Ishaq Dar said that a delegation from Pakistan, led by Minister of State for Petroleum Musadik Malik, will leave for Russia on November 28 (Monday) to negotiate a potential oil deal with Moscow. “The government has authorised the Ministry of Petroleum, and on Monday, our team will leave for Russia for negotiations,” said Dar…
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A delegation comprising personnel of Austria-based companies led by Mr. Johannies Brunner, Commercial Counsellor of Advantage Austria visited NESPAK House, Lahore and held a meeting with Dr. Tahir Masood, Managing Director and senior NESPAK officials on Friday. Other Austrian delegates included Mag. Dr. Michael Premstaller from Premstaller Geotechnik, Mr. Florian Krail, Key Account Manager for Large Scale Projects of Doka…
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Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has entered into a long-term trademark licensing agreement with Be Energy Limited (BE), marking a return of the Caltex® brand to fuels retailing in Pakistan. Chevron has appointed BE as Chevron’s licensee of the Caltex brand to sell, market and distribute fuel in Pakistan, with a view to grow the…
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The prices of residual fuel oil (RFO), re-gasified liquefied natural gas (RLNG) and coal have increased from 250 percent to 300 percent in just one year, making these expensive for power generation. The price of RFO during the month of September 2022 was Rs172,000/tonne, which was Rs76,000/tonne during the same period of September 2021. Similarly, the price of RLNG was…
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Our nation’s Strategic Petroleum Reserve (SPR) is running dangerously low. New statistics released indicate our national emergency oil stockpile, which is intended to protect the United States from unexpected and severe supply disruptions, has hit another historic low. It’s a dangerous point for the United States, and even worse, it’s self-inflicted. With these facts in mind, new reports indicate the Biden administration plans…
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