This process will lead to closure of CNG, cement and non-export industry (general industry and its captive power plants) across the country for three days from September 13-15. However, with the arrival of old FSRU Exquisite, the ramp up process will continue till the midnight of September 15 and the LNG terminal will fully come on stream on September 16…
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Many publications report on a new scientific study showing that most fossil fuel reserves owned today by countries and companies must not be extracted if the world is to achieve its climate targets. According to the Guardian, 90% of coal and 60% of oil and gas reserves should remain in the ground if there is to be “even a 50%…
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The Indicative Generation Capacity Expansion Plan 2021-30, approved by the Council of Common Interests (CCI), has already run into troubles with Sindh considering raising it at the next joint session of parliament and, if needed, going to court about it. But that much was expected when the government pressed for giving hydel projects the lead in the country’s energy mix…
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Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar on Wednesday told officials of the Petroleum Division to ensure supply of re-gasified liquefied natural gas (RLNG)/ locally produced gas to fertiliser plants to enable them to meet the urea production target. “This will ensure timely availability of fertilisers to farmers and enhance the agricultural output to meet the requirement of…
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Industries and Production Minister Makhdum Khusro Bakhtiar has said that addition of 900MW in power generation capacity for Karachi is a gift for people and the industries. He said Prime Minister Imran Khan will inaugurate K-Electric’s Bin Qasim Power Station III project as soon as it’s completed. Mr Bakhtiar on Thursday met members of the KE’s senior management at the…
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The Oil Marketing Companies (OMCs) have decried their ‘unending audits’ ordered by the government as anti-investment and demanded improved security and better vigilance to check the menace of oil smuggling reportedly causing over Rs250 billion per annum revenue loss. Reacting to a letter from the Ministry of Energy Petroleum Division to 25 OMCs, including refineries, for audit of their 2020-21…
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The Economic Coordination Committee of the cabinet on Thursday allowed about 13 paisa per litre increase in port charges for oil products at Fauji Oil Terminal Company (Fotco) and approved an import tender for procurement of 120,000 tonnes of wheat, having a landed cost of about Rs2,470 per 40kg. A meeting of ECC, presided over by Minister for Finance and…
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The Sindh government on Wednesday unveiled its plan to collect two taxes on behalf of the Karachi Metropolitan Corporation (KMC) — fire tax and conservancy tax — from the citizens of Karachi through the monthly K-Electric bill. The proposal was discussed in a meeting comprising officials of the power utility and municipal departments, chaired by Sindh Chief Minister Syed Murad…
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Pakistan Petroleum Limited disclosed that it has made a hydrocarbon discovery from exploratory well, Jugan-1, in the Latif Block (the “Block”) in Sindh, in a notice sent to the Pakistan Stock Exchange (PSX) on Thursday. PPL holds a 33.30% working interest; Eni Pakistan Limited holds 33.30% and United Energy Pakistan Limited (UEPL), formerly known as BP Pakistan, which is an…
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In a second attempt, the government has managed to finalise the appointment of Lahore Electric Supply Company (Lesco) chief executive officer. Lesco is a power distribution company under the administrative control of Power Division. It is one of the 10 power distribution companies under the administrative control of the Ministry of Energy (Power Division). It is a public sector company…
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