SHARJAH, (UrduPoint / Pakistan Point News / WAM – 26th Apr, 2021) Dana Gas and its partner Crescent Petroleum have announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum consortium. The KM250 expansion involves further investment of US$600…
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ISLAMABAD: The Planning Commission’s research think tank the Pakistan Institute of Development Economics (PIDE) has recommended to the government to undertake key fundamental changes in real estate and energy sectors, including doing away with the mechanism of fixing DC rates of properties. The PIDE recommended that the government should have buy-back provisions if the real estate plots were sold by…
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Oilprice.com, a renowned publication for oil-related topics has recently published an article talking about the recent success of Qatar in capturing a fast-growing LNG market, Pakistan. The author talks about the fact that even though the media has dampened the news of the Qatar Petroleum-Pakistan State Oil Company deal, but it is a big deal. According to the publication, the…
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Beijing China-origin entrepreneur Kohala Hydropower Company Ltd and Azad Jammu Kashmir government Friday signed an agreement regarding the implantation of water uses of the upcoming CPEC-sponsored Kohala Hydropower project being construction over Jhelum river passing through AJK’s capital district of Muzaffarabad. The project will produce 1,124 megawatt electricity costing $2.4 billion. Azad Jammu & Kashmir Secretary Electricity Zafar Mehmood and…
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ISLAMABAD – The financial close for 1263 MW re-gasified liquefied natural gas (RLNG) based Punjab Thermal Power Ltd (PTPL) has been achieved. Financial closing documents of the power project to be completed at the cost of $708 million were signed here Friday by Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza, and PTPL Chief Executive Officer Akhtar…
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Karachi (UrduPoint / Pakistan Point News – 23th April, 2021) Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and Former Provincial Minister Mian Zahid Hussain on Friday said the plan to burden electricity consumers with an additional Rs.1000 billion will distress them while adding to the inflation. Coronavirus has already…
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Energy firms and financial institutions have been eyeing LNG to power projects in Asia Pacific for some time but these projects have not materialised as anticipated. Of late, however, interest in developing these projects has resurfaced. What has changed in the past several years? What are the challenges and opportunities facing these projects? This article touches on the key points…
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Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources. Despite plentiful reserves and a rich mining history that gave rise to elaborate Pharaonic gold jewellery, Egypt has just one commercial gold mine in operation. Foreign investment in oil and gas has…
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ISLAMABAD: The Privatisation Commission (PC) is to propose to the Cabinet Committee on Privatisation (CCoP) to include provincial stakes in the management contracts of power Distribution companies (Discos) as envisaged in the sell-off process. According to Special Assistant to Prime Minister on Power and Petroleum, Tabish Gauhar, the issues of Hyderabad Electric Supply Company (Hesco) and Sukkur Electric Supply Company…
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ISLAMABAD: The Power Division Thursday notified Board of Directors (BoDs) of three more power Distribution Companies (Discos) after formal approval of the Cabinet. On April 13, 2021, the Power Division apprised the Cabinet that there were ten Distribution Companies (Discos) under the administrative control of Ministry of Energy (Power Division). These Discos are Public Sector Companies (PSC) as defined under…
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