Small businesses drive China’s economy. The coronavirus outbreak could be fatal for many

Hong Kong (CNN Business)The small companies that drive China’s economy are worried about how much damage the novel coronavirus outbreak will cause. Without help or a reprieve from the disease, many may have only weeks to survive.While some larger companies are reopening their doors after weeks of lockdowns designed to contain the epidemic, small businesses often can’t comply with the strict health rules now required in…

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Engro Elengy plans to increase regasification capacity

ISLAMABAD: Pakistan’s first LNG import terminal will give a major boost of 150 million metric cubic feet/day (mmcfd) to its re-gasification capacity as it planned to upgrade existing floating unit to meet the country’s growing energy needs, its top official said on Friday. Engro Elengy Terminal Chief Executive Officer Jahangir Piracha announced the signature of heads of agreement (HOA) with…

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Reforms in energy sector

The federal government has decided to set up Pakistan Petroleum Exploration and Production Authority as part of its plan to introduce reforms in the oil and gas sector. Presently, the energy ministry enjoys both the powers of policymaking and regulation. The government primarily aims to separate the two and restrict the energy ministry’s role to policymaking only, whereas the said…

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Renewables account for almost half of Turkey’s installed power

Turkey’s renewable energy capacity has registered a remarkable surge over the last decade, with a steady increase of 11% per year amid a 7% annual capacity rise in other fuels for power generation, Deputy Energy and Natural Resources Minister Alparslan Bayraktar said Thursday during his remarks at a renewable energy conference in Istanbul. Turkey’s installed power capacity was calculated at…

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Petroleum Division asked to change oil and gas pricing formula for production companies

ISLAMABAD: The Finance Ministry, apparently to ensure reduction in the prices of local oil and gas, has advised the Petroleum Division to change the pricing formula of oil and gas production companies by delinking the price with dollar, Pakistan Today has learned. According to sources, the Finance Ministry wanted to reduce the prices of local oil and gas by linking the price of…

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