Month: December 2020

Fuel loading starts for nuclear power plant testing

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ISLAMABAD: Pakistan on Tuesday started loading fuel to the 1,100MW nuclear power plant in Karachi for testing in run-up to its commercial operations in April 2021 while the Azad Jammu and Kashmir government signed agreements with a Chinese company for construction of a 700MW hydropower project. A spokesperson for the Pakistan Atomic Energy Commission (PAEC) said fuel loading for the newly built Karachi Nuclear Power Plant Unit-2 (K-2) was started on Tuesday after obtaining fuel load permit from the Pakistan Nuclear Regulatory Authority. K-2 is a pressurised water reactor based…

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Turkey Halts Mediterranean Oil, Gas Survey On EU Sanctions Threat

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Turkey has halted survey for oil and gas in the Mediterranean and had its survey vessel back to a Turkish port, days before European Union leaders are set to discuss the possibility of EU sanctions on Turkey over its intention to drill for oil and gas in waters that EU members Greece and Cyprus consider part of their territorial waters. The Turkish seismic survey vessel Oruc Reis has completed surveys in the Demre field in the eastern Mediterranean that began on August 10 and has now returned to the port…

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OGRA suggests increase in petrol prices for Dec

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The Oil and Gas Regulatory Company (OGRA) has advised the petroleum division to raise fuel prices in December. It has sent a summary with higher prices to the division. OGRA recommends raising petrol prices from Rs2.55 per litre from December 1. High speed diesel should be increased by Rs2.70, it advised. Prime Minister Imran Khan has to approve the increase in prices before they come into effect. The finance ministry will announce the new prices on November 30. It can also decide to keep prices unchanged. Petrol prices in Pakistan…

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LPG price hiked to Rs132 per kg

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Monday notified a Rs2/kg hike in the price of Liquefied Petroleum Gas (LPG) for the month of December 2020. As per the notification, LPG will be available at Rs132/kg in the market; domestic cylinder will cost Rs1,553 (Rs23 more than last month) whereas commercial cylinder will be sold at Rs5,976 (+Rs88). Sources in the LPG industry informed that local production of LPG during the ongoing year stood at approximately 603,997 metric tonnes (MT), whereas LPG imported so far was 360,285MT. Approximately 120,000MT…

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Nepra urged to revise industrial tariff

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ISLAMABAD: Power Division has requested National Electric Power Regulatory Authority (NEPRA) to revise industrial power tariff and abolish Time of Use (ToU) charges in accordance with the decisions of ECC and CCoE. The government took decision to lower tariff for the industrial sector despite finance adviser’s warning that provision of superfluous subsidies in power sector can create hurdles in release of next tranche from the International Monetary Fund (IMF). The country’s circular debt has already reached Rs 2.3 trillion from Rs 1.1 trillion in 2018 when the PTI took over…

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