Day: October 3, 2020

The Provincial Development Working Party has approved 34 schemes with an estimated cost of over Rs 50.186 billion, pertaining to Industries, Mines & Minerals, Education, Agriculture, Local Government, Health, Water, and Multi-Sectoral Development for the uplift of the province.  The 7th meeting of PDWP was held under the chairmanship of Shakeel Qadir, the Additional Chief Secretary P&D Department KP on Friday, which was attended by members of PDWP and concerned departments.  The forum considered 41 schemes pertaining to Industries, Mines & Minerals, Elementary & Secondary Education, Higher Education, Agriculture, Information,…

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Suncor Energy is cutting as much as 15 percent of its workforce—a total of 2,000 jobs—as demand destruction and low prices have created an adapt or die scenario for oil companies to contend with. Suncor notified its employees on Friday that it would make the cuts within the next 12 to 18 months, according to Bloomberg. The Calgary-based oil company is unsure exactly what form the job cuts will take—whether it will be in the form of natural attribution, early retirements, voluntary buyouts, or another method. Suncor’s job cuts follow…

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At the moment, the energy news out of China is a deluge of reports and think pieces about the government’s recently unveiled an extremely ambitious plan to become carbon neutral by 2060 – very big news from the nation that is responsible for a quarter of the world’s total greenhouse gas emissions. Beijing’s lofty rhetoric is backed up by the nation’s assertive investment and development of large-scale solar energy projects and what will soon be the world’s largest nuclear fleet. But at the same time that China is talking about getting its…

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Despite promises to keep in line with the OPEC+ pact, Iraq – OPEC’s second-largest producer and biggest laggard in implementing the cuts – slightly raised its crude oil exports in September compared to August. Iraq exported a total of 78,388,619 barrels of crude last month, according to data from Iraq’s ministry of oil cited by Iraq Business News. This means Iraq’s average crude oil exports stood at 2.613 million barrels per day (bpd) for September, slightly up from the 2.597 million bpd crude the country exported in August. Iraq received…

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