Since founding privately held USA Rare Earth three years ago, Pini Althaus has focused on turning his vision of creating a secure supply of rare earth elements in the United States a reality. The New York-based CEO is equally determined to establish REE separation and processing capability in the U.S. and build manufacturing facilities for magnets containing the critical elements…
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The de-coal initiative launched by Prime Minister Imran Khan requires the country to develop clean energy to fill the energy gap. In this process, “Biomass energy cooperation will be a new starting point for China-Pakistan Economic Corridor (CPEC) energy cooperation”, Zhang Dayong, secretary-general of the Biomass Energy Industry Part Association (BEIPA), said on Friday BEIJING (APP – UrduPoint / Pakistan…
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London — Singapore’s commercial onshore middle distillate stockpiles fell to the lowest level in nearly five months, dropping under 15 million barrels as exports rose, although stockpiles remain at historically high levels. Separately, at least three more LR tankers filled with gasoline are heading to Asia from Europe, as demand in the West continues to flounder amid an uncertain COVID-19 outlook.…
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Oil and Gas Development Company Limited (OGDCL) Managing Director Shahid Salim Khan Friday said the company had successfully injected additional 2,666 BPD oil, 82 MMCFD gas and 77 MTD LPG in its production gathering system during second quarter of the fiscal year 2020-21, ending on December 31 SLAMABAD, (APP – UrduPoint / Pakistan Point News – 8th Jan, 2021 )…
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KARACHI: Pakistan Stock Exchange Friday witnessed a bullish trend on the back of healthy buying by local and foreign investors. BRIndex100 gained 33.87 points or 0.71 percent to close at 4,829.46 points. BRIndex100 hit intraday high of 4,861.67 and intraday low of 4,795.37 points. Volumes stood at 658.594 million shares. BRIndex30 inched up by 97.97 points or 0.41 percent to…
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All provinces except Punjab are self-sufficient in terms of gas production with Sindh producing the greatest quantity of natural gas, the Oil and Gas Regulatory Authority (Ogra) officials told the Senate Functional Committee on Problems of Less Developed Areas on Friday. According to Ogra, Punjab, the most populous province, produces 92 million cubic feet (MMCF) of gas but it consumes…
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ISLAMABAD: Amid the stalemate with 47 IPPs over the newly worked-out payment mechanism and resolution of disputed issue of excessive profits of Rs53 billion, the wind IPPs have communicated to the government in plain words that they will not sign MoUs unless and until curtailment of power evacuation from them is ensured. Some 47 IPPs signed the MOUs on August…
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In the face of growing gas shortages in Pakistan, the Ministry of Energy is taking multiple measures to mitigate the situation. One such innovative step is to induct local gas into the system from stranded oil and gas fields via a virtual pipeline mechanism. Virtual pipelines are specialized modules that can carry natural gas in compressed form safely, securely, and…
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According to a recent report by the International Monetary Fund (IMF), Pakistan ranks third in the world among countries facing acute water shortage. Reports by the United Nations Development Programme (UNDP) and the Pakistan Council of Research in Water Resources (PCRWR) also warn the authorities that the South Asian country will reach absolute water scarcity by 2025. “No person in Pakistan,…
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