The Pakistan Petroleum Limited (PPL) earned a profit-after-tax of Rs52.4 billion, the second highest for the company.The company also announced a final cash dividend of 20 per cent on ordinary and 15 per cent on convertible preference shares. This was announced in the 70th annual general meeting of the Pakistan Petroleum Limited (PPL), held online on October 25.The members approved…
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The Queensland Government has partnered with Japan Oil, Gas and Metals National Corporation (JOGMEC) and the University of Queensland to study leftover cobalt in copper mine tailings. The three-year study will take samples from Copper Resources Australia’s Rocklands copper mine in northwest Queensland. Queensland Resources Minister Scott Stewart said this study could change the face of sustainable copper mining. “This…
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Contrary to the prime minister’s vision, the National Transmission and Despatch Company (NTDC) has excluded at least 40 hydropower projects of Khyber Pakhtunkhwa having a cumulative capacity of 3,150MW from the Indicative Generation Capacity Expansion Plan (IGCEP). However, only 10 projects of 788MW were included in the IGCEP, with a pretext that hydropower projects are costly. This would result in…
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Three local oil refineries – Pakistan Refinery Limited (PRL), National Refinery Limited (NRL) and BYCO Petroleum Pakistan Limited – have raised their voices against the allegation of being responsible for producing a high level of carbon emission leveled by a member of the Energy Export Group of the Economic Advisory Council (EAC). Responding to a letter from the DG Oil…
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Minister of Energy Hammad Azhar while underscoring the importance of hydropower for the development of the country on Wednesday said that it was imperative to end reliance on costly imported fuels and promote clean and green hydro energy.Addressing an inaugural session of 1st International Conference on Pakistan Hydropower Sector organized by Energy Update in collaboration with Private Power Infrastructure Board…
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Pakistan will ensure renewable energy makes up 60 percent of its total mix and 30 percent of all transport will be shifted to electric vehicles by 2030, the country’s Prime Minister has confirmed. Speaking at the Middle East Green Initiative Summit in Riyadh, Imran Khan talked up the initiatives Pakistan has already taken to develop clean energy as he climate change…
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Over 104 Chinese companies will take part in the three-day Pakistan Industrial Expo 2021 to be held at the Royal Palm Golf & Country Club from October 29, said Chris Zhu, the head of the firm organising the expo, at a press conference on Monday. He said that around 400 Chinese companies were to attend the fifth edition of the…
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There have been numerous mentions in the last three years of the mounting level of inflation in the country in public forums, countless meetings and multiple tweets by Prime Minister Imran Khan and myriad notices have been taken by him on the massive price hike and vows made to curb the menace. But the net result of all this has…
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Islamabad: 1st International Conference on Pakistan Hydropower Sector to be held tomorrow (October 27th) at Local Hotel in Islamabad to discuss more opportunities to produce cheap and clean energy from hydro sector as currently country is producing 9000MW from hydro power sector.The Energy Update in collaboration with Private Power Board Infrastructure (PPIB) is organizing the conference to be participated by…
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Pakistan is in discussions with China to revise contracts and reduce payments for power plants sponsored by the Belt and Road Initiative, Asad Umar, the South Asian nation’s planning minister, said in an interview. Pakistan is speaking directly to the Chinese government, as opposed to individual companies, Umar said NOTE: An enormous build-out of Chinese-financed power plants in Pakistan, which was…
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