Year: 2020

Petroleum Division plans ‘physical work’ on PARCO coastal refinery before next summer

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ISLAMABAD, Sep 2 (APP): The Petroleum Division is planning to start ‘physical work’ on the much-delayed Pakistan Arab Refinery Company (PARCO) Coastal Refinery before the next summer to achieve self-reliance in the oil production sector. “All formalities including the refinery’s design, licensing, engineering work, sizing and product-slab have been completed. Hopefully the physical work on seven- billion dollar project will start before next summer after its formal groundbreaking,” a senior official privy to petroleum sector developments told APP. The refinery project, which was approved in October 2007 but remained suspended…

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Mari Petroleum appoints new CEO, Faheem Haider

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Mari Petroleum has found new leadership under CEO, Faheem Haider, as of 12th August, 2020. The company broke this news in a filing to the Pakistan Stock Exchange last month. As a veteran leader in the Pakistani Oil Industry, MPCL stands strong amidst the economic crunch worldwide. Recent news dictates that Board Members at Mari Petroleum have appointed a new CEO mid-August. What demands attention is that Mari has taken on board a civilian head – a well-versed petroleum engineer – unlike its history of army-men Managing Directors. Background on Faheem Haider…

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The plastic industry thinks chemical recycling can help solve our plastic problems, but others disagree

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APlastics recycling is failing. Globally, over 350 million metric tons of plastic are produced annually, but according to the OECD, only 14-18% of that is recycled. And now that China has stopped importing the world’s plastic waste, we’re being forced to deal with it domestically. The problem is, most plastics just aren’t recyclable. And even those that are degrade in quality each time they’re remade, meaning they’ll eventually end up in a landfill too. Many environmentalists say this means we need to stop plastics production at the source, and support…

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Suspicious Package Removed From Pipeline Site In Texas

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A suspicious package was “neutralized” by law enforcement agents at the construction site of a pipeline in Texas, Reuters reported, noting that there was no immediate information provided as to the contents of the package. A drilling crew working on the pipeline discovered the package yesterday and halted work before calling the authorities. A bomb squad neutralized the suspicious object. The $2.3-billion Permian Highway pipeline, a project of Kinder Morgan, has, like many other pipeline projects, drawn criticism from environmentalists. The pipeline passes through sensitive ecosystems in wetland areas and…

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Iraq Looks To Be Exempted From OPEC+ Cuts In Q1 2021

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Iraq has asked OPEC to be exempted from oil export cuts in the first quarter of 2021, the oil minister of OPEC’s second-largest producer and the least compliant member of the pact, said on Wednesday. According to remarks of Iraqi Oil Minister Ihsan Abdul Jabba to local media, as reported by Reuters, Iraq has raised the issue with OPEC at several meetings. “The minister revealed efforts to exempt Iraq from the agreement to cut exports in OPEC and the subject has been broached with the organisation’s oil ministers in three…

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