BAGHDAD: Iraq’s electricity ministry said on Sunday that Iranian gas supplies had been completely halted for 15 days due to maintenance, impacting Baghdad, the central provinces, and the Middle Euphrates, resulting in the loss of 5.5 gigawatts from its national grid.
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Pakistan’s total hydropower potential is estimated at 59,796MW gross, with about 41,045MW considered both technically and economically viable. However, despite this significant potential, only a fraction has been developed, with the current hydropower generation capacity at 10,635MW connected to the national grid. This includes 9,389MW managed by Wapda in the public sector, and 1,246 MW developed by Independent Power Producers (IPPs) in the private sector. Hydropower thus contributes approximately 24 per cent of Pakistan’s total installed power generation capacity of 43,835MW, representing a crucial yet underutilised resource within the country’s…
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HOUSTON: Oil prices fell more $2 on Monday after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing unnamed senior U.S. officials. Brent crude futures were down $2.02, or 2.69%, at $73.15 a barrel by 9:57 a.m. CST (1557 GMT), while U.S. West Texas Intermediate crude futures were down $2.08, or 2.92%, at $69.16 a barrel. Israel said on Monday that it is moving toward a ceasefire in the war with Hezbollah but there are still issues to address,…
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KARACHI (Nov 25): Sindh Chief Minister Syed Murad Ali Shah has said that Marble City Karachi reflects the Sindh government’s commitment to sustainable industrial development, economic growth, and job creation, signalling a brighter future for the province’s marble and granite sector. This he said while presiding over a joint meeting of Sindh Investment Dept, its subsidiary organisation – Sindh Economic Zones Management Company (SEZMC) and private partners – Kainatt Enterprises & Hassan Constructions. The meeting and signing ceremony were held at CM House and were attended by CM Special Assistant…
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ISLAMABAD: Pakistan’s Exploration and Production (E&P) companies, including OGDCL, Mari Petroleum, PPL, and MOL, incurred losses exceeding Rs50 billion from 2021 to 2024 due to curtailed gas outflows by gas companies attempting to manage line pack pressure in the national transmission system. A senior Energy Ministry official highlighted that reducing gas outflows, particularly from wells nearing depletion, poses significant risks. Such reductions can cause irreversible damage to these wells, necessitating costly artificial lift methods to resume production. Several wells have already suffered extensive damage and failed to recover their original…
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