Year: 2020

KARACHI: Overall petroleum products sales in September declined 2 percent on yearly basis to 1.52 million tons, data issued by the Oil Companies Advisory Committee (OCAC) suggests on Friday. “The decline came, as the demand for major retail fuels, ie, motor spirit (MS) and high-speed diesel (HSD) each fell by 8.0 percent on sequential basis,” Ali Zaidi of JS Global Capital said. However, strong furnace oil (FO) demand from the power sector limited the overall monthly decline in petroleum products sales. “September 2020 saw the highest monthly sales in FO…

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Special Assistant to the Prime Minister on Petroleum Nadeem Babar Friday said that the government was working on long term policy to bring reforms in petroleum and energy sectors which were neglected for the last twenty years. He said that the decision of bringing drastic change in these sectors was made in the wake of global climatic change. In an exclusive talk at ptv programme, Nadeem Babar said that running the energy businesses through organizational changes and reduced regulatory role of the government in oil companies were the main features…

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Egypt’s largest private-sector energy distribution company, TAQA Arabia has shown interest in joint ventures with Pakistani companies. “Response to Pakistan’s Special Economic Zones (SEZs) has been overwhelming with multiple national & international companies approaching the Board of Investment (BOI) with investment propositions,” said Atif Bokhari, Minister of State/Chairman, BOI Pakistan. The minister on Thursday had a meeting with TAQA Arabia (Power) VP for Africa & New Ventures, Adly Kafafy to address the prospect of investment in the development of infrastructure for SEZs, energy transmission, and LNG terminals. Kafafy also spoke…

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KARACHI: Pakistan’s private sector is about to debut the import of liquefied natural gas (LNG) with the first cargo equivalent to 150 million metric cubic feet per day (mmcfd) expected to arrive by the end of this month, it was learnt on Friday. The United Gas Distribution Company (UGDC) will become the first from the private sector as the government notified a framework for the import of LNG by private parties and sanctioned excess capacity available at LNG terminals to private importers, the company’s head told The News. “We have…

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Every country has a unique geography and geopolitical positioning, but it is not always possible for all states to harness their geopolitical positioning, either because they lack the political will to do so, or because the overall regional or global geopolitics suppresses such a will. Nevertheless, understanding one’s geopolitical/strategic positioning is the first step in strengthening one’s standing in bilateral, regional and global relations. Pakistan’s unique longitudinal geography allows it to wash its shores with the Arabian Sea at its south, and to shake hands with Central Asia at its…

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