Month: January 2021

Biomass Energy To Be New Starting Point For CPEC Energy Cooperation: BEIPA

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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 Point News – 8th Jan, 2021 ) ::The de-coal initiative launched by Prime Minister Imran Khan requires the country to develop clean energy to fill the energy gap. In this…

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REFINERY NEWS ROUNDUP: Stocks draw in Singapore, imports and exports rise

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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. “Asia is an attractive destination since the East-West spread is still strong,” one Singapore gasoline trader said. Another source highlighted countries like Indonesia, Malaysia and India, that despite having high…

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OGDCL Adds 2,666 BPD Oil, 82 MMCFD Gas In System During 2nd Quarter Of FY 2020-21: MD

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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 ) :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…

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Oil, banking scrips lead PSX gains: BRIndex100 extends rally

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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 close at 24,170.94 points with a turnover of 516.638 million shares. The KSE-100 Index increased by 309.80 points or 0.68 percent to close at 45,654.34 points. Trading activity also improved…

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All provinces except Punjab self-sufficient in gas

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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 950 MMCF. Khyber Pakhtunkhwa produces 366 MMCF while it consumes 317 MMCF. Sindh produces 2,225 MMCF and consumes 1,562 MMCF while Balochistan produces 651 MMCF against its consumption of 405…

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