Most OPEC members seem to be quite happy with where oil prices are now, according to the energy minister of one of the smaller members of the cartel.close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -1:41Fullscreen “We all probably would like higher [oil prices] because we have more revenue, but we are conscious this is not good for the economy,” Equatorial Guinea’s Gabriel Obiang…
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This year, Chinese crude oil demand growth could be just half of the estimated growth for 2019, and the lowest growth pace since the financial crisis in 2008, according to forecasts of China’s biggest oil firm, state-controlled China National Petroleum Corporation (CNPC). close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -0:57Fullscreen “Negative impacts on the economy from U.S.-China trade frictions won’t be rooted out…
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ISLAMABAD: Every winter, there is gas shortage and the controversy erupts that Sindh produces more gas and it should get its due share. The issue is complicated and has many sides to it. We will present all sides of the issue, which may provide a basis for some kind of a settlement. The main contention is that the producer province –…
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Solid waste and smog has been on the agenda of public debate lately. On Solid Waste Management (SWM), good news has started coming in. Recently there was a public hearing at Nepra, on a tariff petition for a Khyber Pakhtunkhwa Waste to Energy (WtE) project. Earlier, Nepra had awarded tariff to a similar project in Lahore. Most recently, reports have…
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Rural life, especially for the poor, is very difficult in terms of fuel and energy. Cheap and clean fuel is a major and urgent requirement for rural and semi-urban areas. Moreover, local gas resources are going down necessitation imports of LNG resulting in foreign exchange drain in an environment of heavy current account deficit. Biogas, a local resource, can be…
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KARACHI: Adviser to the Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood has said though there is economic stabilisation in Pakistan the country has still not seen economic growth. He was speaking at a talk on ‘Business-Way Forward’ organised by the English Speaking Union of Pakistan at a hotel here on Saturday. “But there can…
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KARACHI: After Islamabad again rejected Sindh’s claim to the gas it produces, the Pakistan Tehreek-i-Insaf government at the centre may face another challenge in the shape of a likely partnership between the Pakistan Peoples Party government in Sindh and the Balochistan government over gas shortage in the two provinces. Both governments are mulling over a joint strategy over the gas…
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ISLAMABAD: The government has decided to introduce efficiency standards for all lighting products and equipment on Jan 15 as part of an aggressive energy conservation plan for all sectors of economy to reduce energy costs to consumers and be competitive in the market. The Managing Director of the National Energy Efficiency and Conservation Authority (NEECA), Dr Sardar Mohazzam, told Dawn that the…
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ABU DHABI, (UrduPoint / Pakistan Point News / WAM – 12th Jan, 2020) Crescent Petroleum has outlined a range of efforts aimed at ensuring a sustainable future for company and the region in the decades ahead. Majid Jafar, Crescent Petroleum’s CEO, announced the company’s sustainability efforts during the opening panel of the Atlantic Council Global Energy Forum. The panel, titled “Setting the 2020 Energy Agenda”,…
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Lately, there is a rift between Federal and Sindh governments on natural gas supply and pricing. The Centre’s desire is to have weighted average gas price formula of natural gas in Sindh by inclusion of RLNG in supply, whereas the Sindh government is asking for the constitutional right to use the domestic gas produced within the province. The problem is…
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