Month: November 2020

KARACHI: Pakistan State Oil Company (PSO), the country’s largest public sector oil marketing company, is accused of succumbing to international oil mafia and vested interests, industry sources said. According to details, PSO regularly conducts spot tenders for supply of motor gasoline and seasonal furnace oil cargoes which are supplied by a small group of globally influential international oil suppliers such as Gunvor, Enoc, Vitol, Petro China, OTI, BB Energy represented by highly powerful local indenting agents. “The current PSO tendering process is designed in a fair way to encourage open…

An interesting situation has arisen in the United Kingdom, which should draw the attention of all those focused on the “energy transition.” It speaks to the underlying unreliability of renewable energy and, in particular, the current state of green technology. We can learn from Britain’s current struggles that unless or until we drastically improve our alternative energy and electricity storage technology, we are not yet able to engage in a meaning transition. On November 3rd, National Grid, which operates the electrical system in the United Kingdom, issued an “electricity margin notice,” for…

The UK government will ban sales of gasoline and diesel cars from 2030, the BBC reported, citing Prime Minister Boris Johnson. The move is part of what Johnson has called a green industrial revolution aimed at mitigating climate change while creating new jobs. The plan will receive financing of $5.31 billion (4 billion pounds), which, according to critics, is nowhere near enough for such a large-scale transition. The electrification of transport has been touted as a cornerstone of the world’s transition to a more renewable energy future, and many governments are…

GILGIT: The Gilgit-Baltistan government on Tuesday signed its first public-private partnership (PPP) agreement with the Industrial Promotion Service, a commercial arm of the Agha Khan Development Network (AKDN), to build the first run-of-river power project in GB. Mansoor Dhanani, CEO NPAK (Industrial Promotion Services), and GB secretary water andpower Sajjad Haider signed the agreement here. GB caretaker Chief Minister Mir Afzal, the chief secretary, director NPAK IPS, and other officials were present. Waqar Abbas Mondoq, adviser finance to the GB caretaker government, told mediapersons that private sector’s engagement was pivotal…