Month: November 2020

Govt lauded for fulfilling CNG sector’s demands

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The All Pakistan CNG Association (APCNGA) said on Monday that the government is promoting the use of compressed natural gas (CNG) to reduce urban pollution, cut oil import bill and increase employment opportunities. In a statement, APCNGA Central Chairman Ghiyas Abdullah Paracha said that the government has taken a number of commendable steps to facilitate CNG pump owners, including removal of ban on setting up new CNG stations. “Now Oil and Gas Regulatory Authority (OGRA) has started issuing licences for new CNG outlets to those who fulfil all formalities, while…

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NEPRA raises electricity rates

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As per the NEPRA notification, additional collection from consumers will be taken in the context of the November bill, however, the decision will not apply to K-Electric and lifeline consumers. According to a notification issued by NEPRA, the authority, after incorporating the aforementioned adjustments, has reviewed and assessed an increase of Rs.0.4828/kWh in the applicable tariff for XWDISCOs on account of variations in the fuel charges for the month of August 2020. The notification said that the fuel cost per unit of electricity production in August was Rs. 3.68 while…

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PLL, PSO made excess payments worth $39.5m to LNG suppliers

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Two of Pakistan’s state-owned enterprises (SOEs), Pakistan LNG Limited (PLL) and Pakistan State Oil (PSO), made excess payments of $39.5 million to LNG suppliers in the head of port charges, The News reported on Monday. Payments worth $25 million “The Pakistan LNG Limited is found to have paid additional payments of $25 million (Rs3.97 billion) to LNG suppliers of Gunvor and ENI and this was disclosed in the board meeting of PLL on October 23, 2020,” one of the board members confided to The News. Taking serious note of the development, the board…

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Pakistan: Airlines could be barred from flying to 188 countries

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Pakistan’s airlines face the risk of getting banned from flying to 188 countries over the pilot licensing issue and failure to keep up with the international standards as needed by the International Civil Aviation Organisation (ICAO), a media report claimed on Sunday. The development came after its flag carrier Pakistan International Airlines (PIA) has already been banned from taking flights to the UK and the European Union after the licensing scam came to light which revealed that country’s 262 pilots held fake credentials.  The ICAO in its 12th meeting approved…

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Ghost Rigs Could Become The New Normal In Offshore Oil

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As Europe moves into yet another wave of Covid-19 lockdowns, there is growing concern surrounding the future of offshore workers. However, a move to digitalize the industry by introducing a remote oil rig system could alleviate the stress around contagion and potentially save many jobs.  Norway has been a key testing ground for remote operations since initial experiments took place on small unmanned rigs in 2013, moving to control larger manned units remotely over the last few years. But it’s found that moving jobs to land brings oil rig safety…

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