The recent hike in the prices of motor gasoline, more commonly known as petrol, is being widely criticised. The following paragraphs are an attempt at looking for measures which might help in reducing our dependence upon petrol. Historical perspective and current status Historically, Pakistan’s petrol consumption witnessed a 15 fold increase as it rose from 12,500 barrels per day (bpd)…
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The energy problem of Pakistan has always been more of a political subject than a technical one. Occasional on-the-move decisions and short-term planning have turned the situation worse with the passage of time. Every new government resorts to criticising the past one for the mess. For example, the Pakistan Muslim League-Nawaz (PML-N) blamed the Pakistan Peoples Party (PPP) leadership for…
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The previous fiscal year was one of the most difficult periods for Pakistan’s oil sector. The oil and gas producers, oil refiners and oil marketing companies faced multiple challenges in 2020-21 such as the second and third waves of the Coronavirus pandemic, lockdowns, travel restrictions, economic slump and volatility in international commodity prices. The business environment, however, started to get…
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The foreign and local sponsors of two upcoming merchant LNG (liquefied natural gas) terminals have complained to the prime minister that their projects are facing roadblocks despite approval by all institutional forums and they may not be able to go ahead with their investment plans in the prevailing conditions. Informed sources told Dawn that both sponsors — Tabeer Energy of Mitsubishi Corporation…
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Federal Minister for Energy has contradicted the State of Industrial Report 2021, published by the regulator, National Electric Power Regulatory Authority (Nepra), in his tweets and in his limited interaction with the media. Interestingly, he is not offering any other version, but just relying on the denial of the content of report and discrediting the media, which is using the…
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At a time when the country is facing an unprecedented rise in POL prices, the country still has the potential to produce 200,000 oil barrels per day (BPD) and 1.2 billion cubic feet per day gas by launching exploration and production activities of oil and gas where seepages of oil and gas are found in the three federating units of…
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The Water and Power Development Authority (Wapda) is constructing 10 projects in water and hydropower sectors under the ‘Decade of Dams’ vision which will achieve completion in a phase-wise manner from 2023 to 2029, said Wapda Chairman Muzammil Hussain. Speaking at the University of Agriculture, Faisalabad on Friday, the official reaffirmed the authority’s commitment to water, food and energy security…
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Syed Khalid Siraj Subhani has been given the acting charge of Managing Director (MD) and Chief Executive Officer (CEO) of the Oil and Gas Development Company Limited (OGDCL), following the resignation of the company’s incumbent MD/CEO Shahid Salim Khan. The Board of Directors of Oil and Gas Development Company Limited (OGDCL) in its 240th meeting held on October 14, 2021,…
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National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H. Farooqi said on Friday the Competitive Trading Bilateral Contract Market (CTBCM) will be rolled out in April next year. Addressing a webinar on the future of energy organised by Nutshell Group, Mr Farooqi said the fact that the government is the only buyer of electricity from independent power producers and generation…
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In a major move to revive inflows from the international lending agencies — IMF and the World Bank — the government on Friday announced a countrywide uniform increase in base electricity tariff and a moratorium on new gas connections in all ongoing schemes. Addressing a news conference, Energy Minister Hammad Azhar said the decision to increase the base power tariff…
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