Year: 2020

K-Electric selects Oracle Cloud to automate material planning, delivery allocation

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K-Electric, the sole electricity provider in the country’s business capital, Karachi, and nearby districts, has selected Oracle Fusion Cloud Supply Chain and Manufacturing (Oracle Cloud SCM) to automate its demand management and supply process for over 600 components of power distribution equipment.  This deployment will contribute to K-Electric’s mission to deliver uninterrupted, safe, and affordable power to Karachiites, as the new cloud offering can provide accurate forecasts to improve efficiency, reduce operational costs, and help enable K-Electric to respond quickly to increased power demand.  K-Electric will deploy Oracle Cloud SCM,…

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G20 Backslides On Fossil Fuel Subsidies: Report

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Rich nations are still providing more than half a trillion Dollars annually to fossil fuel projects despite committing to slash greenhouse gas emissions in line with the Paris climate deal, research showed Tuesday. While state support to oil, gas and coal has dipped slightly since the landmark 2015 accord, a joint analysis by three climate think tanks found that many nations’ post-pandemic stimulus plans will see billions more given to polluting fuels. In a grading of G20 countries’ performance of phasing out fossil fuel subsidies, the analysis found that at least $170 billion of public money had been pledged to fossil fuel-intensive sectors since the start of…

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Byco Petroleum partners with Daraz

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Pakistan’s premier energy company, Byco Petroleum Pakistan Limited, has partnered with Daraz, Pakistan’s leading online marketplace, to launch its flagship online lubricants store on Daraz. Byco’s wide range of high-quality lubricants will now be available on Pakistan’s most popular online shopping store – daraz.pk. Byco’s flagship store on daraz.pk is currently live now and will offer customers a safe and reliable platform to choose from its extensive range of authentic lubricants, specially formulated for passenger-cars, motorcycles, and diesel-engines. Zafar Shahab, Byco’s CFO, signed the agreement with Mubashar Ali Butt, Daraz’s…

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CCoE to take decision over unbundling of SSGC, SNGPL on Tuesday

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The Cabinet Committee on Energy (CCoE) scheduled to meet on Tuesday is likely to grant approval for the unbundling of the two state-owned gas utility companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), into five smaller gas companies. According to sources who confided in Profit, said that the CCoE will take up a proposal by the Petroleum Division regarding gas sector reform, particularly the dismantling government-owned gas utility companies into one transmission and four provincial companies. They said that the Petroleum Division has been actively pursuing…

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Swiss Financial Sector Still Stuck In Fossil Fuels: Report

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Geneva, (APP – UrduPoint / Pakistan Point News – 9th Nov, 2020 ) :The Swiss financial sector still invests too much in the production of oil and coal despite progress towards more climate-friendly investments, an official report said Monday. “Overall, the Swiss financial centre now invests four times more resources in companies producing electricity from fossil sources such as coal or gas than in those producing from renewable sources,” said the joint report by the Federal Office for the Environment and the State Secretariat for International Finance. It is the second such report after the first was published in 2017. Players in the Swiss…

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