Day: October 6, 2020

The United Arab Emirates is continuing to diversify its economy & energy resources away from oil, by investing in natural gas and renewables. The country has ambitions to become self-sufficient in gas supply by 2030. Earlier this year, a natural gas reservoir found between the emirates of Abu Dhabi and Dubai became the world’s largest discovery of its kind in 15 years. Some analysts estimate that the Jebel Ali reservoir could meet the country’s gas demand for around 30 years. Similarly, in January, the emirate of Sharjah announced its first…

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Oil and Gas Development Company Limited (OGDCL) has carried out 3,407 L-KMs 2D and 1,324 Sq. KMs 3D seismic surveys in its various operational areas during the last fiscal year aimed at expediting hydrocarbon exploration activities and making the country self-reliant in the energy sector. “Moreover, around 5,582 Line Kilometers (L-KMs) of 2D and 4,977 Square Kilometers (Sq. KMS) of 3D seismic data has also processed/reprocessed using in-house resources,” according to the company’s annual financial report available with APP. The acquired seismic data represented 79 percent of the total 2D…

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The government has taken two major steps with remarkable degree of success – report on independent power producers (IPPs) and the follow-up agreement which will reduce power generation costs by a whopping Rs1 trillion over the next 10 to 20 years, provided all generation companies including government and CPEC ones are included. If implemented finally, it would be a major achievement. Secondly, the government is finally going for revival of Pakistan Electric Power Company (Pepco) in the form of a managing agent, although a holding company could have been a…

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(NAB) was established in 1999 as Pakistan’s apex anti-corruption organisation which operates under National Accountability Ordinance-1999 which is extended to whole of Pakistan including Fata and Gilgit-Baltistan. NAB has its Headquarter in Islamabad and it has eight regional offices located at Rawalpindi/Islamabad, Lahore, Multan, Sukkur, Quetta, Peshawar, Karachi and Gilgit Baltistan. NAB under the present leadership of honourable Mr. Justice Javed Iqbal, Chairman NAB not only adopted proactive and holistic National Anti-Corruption Strategy of Awareness, Prevention and Enforcement but announced ‘Accountability for all’ policy. During the tenure of honourable Mr.…

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 4th Oct, 2020 ) :Oil and Gas Development Company Limited (OGDCL) has carried out 3,407 L-KMs 2D and 1,324 Sq. KMs 3D seismic surveys in its various operational areas during the last fiscal year aimed at expediting hydrocarbon exploration activities and making the country self-reliant in the energy sector. “Moreover, around 5,582 Line Kilometers (L-KMs) of 2D and 4,977 Square Kilometers (Sq. KMS) of 3D seismic data has also processed/reprocessed using in-house resources,” according to the company’s annual financial report available…

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