Month: February 2021

Cabinet to mull new gas connections

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ISLAMABAD: With nearly 2.8 million gas connections pending on the network of Sui Northern Gas Pipelines Limited (SNGPL), the cabinet is likely to give priority to gas connection requests for politically motivated schemes. Already facing a gas crisis, SNGPL had to divert expensive liquefied natural gas (LNG) to domestic consumers in winter in the wake of government directives to overcome the shortage. Now, the gas utility is paying the price as it has to recover Rs78 billion for the LNG it diverted in the past two winter seasons. The company estimated that…

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OGRA raises LPG price by Rs10 per kg

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ISLAMABAD: After oil prices, consumers are set to face another setback as the Oil and Gas Regulatory Authority (Ogra) has increased prices of liquefied petroleum gas (LPG) by Rs10 per kilogram. The price of domestic LPG cylinder has gone up by Rs122 and commercial cylinder by Rs471 following the hike in LPG prices. Domestic cylinder will now be available at Rs1,863 and commercial cylinder at Rs7,168. Ogra hiked LPG price by Rs8,870 per ton for LPG producer companies. The LPG price in the international market jumped to $574 per ton…

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Furnace oil sales jump over power sector demand

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KARACHI: Pakistan’s total oil sales rose by 11 per cent to 11.258 million tonnes during the first seven months of FY21 owing to a massive jump in demand for furnace oil (FO), high-speed diesel (HSD) and petrol. A jump of 37pc was recorded in FO sales to 1.916m tonnes during July-January period of 2020-21 followed by 12pc and 6pc in HSD and petrol, respectively, to 4.288m tonnes and 4.740m tonnes. Syed Fawad Bashir of Topline Securities attributed rising furnace oil sales to burgeoning demand from the power sector due to…

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Feat of engineering achieved at Jagran-II HPP

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KARACHI: A landmark achievement has been accomplished at Jagran – II HPP where FWO devised a strategy to excavate the upstream with downstream portions of the Main Headrace Tunnel by carrying out excavation from both ends in opposite directions and meeting in the middle. This happened on 27 January 2021 when the milestone of meeting the two tunnels with a tolerance of less than 10 centimetres, was achieved successfully – this has never been done before in Pakistan. FWO, while maintaining its professional integrity and credibility, has excavated 1.88 kilometres…

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Nigeria’s mining authorities to revoke 3,000 mineral titles

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Federal mining licensors at Nigeria’s Mining Cadastre Office (MCO) are looking to February 12 to commence the revocation of some 2,763 mineral titles whose holders have failed to pay outstanding yearly service fees in a new aggressive revenue drive designed to swell government’s coffers in 2021. The titles at risk of federal axe represent 25 per cent of the total 10,959 mining operators registered in Nigeria, according to data from the Ministry of Mines and Solid Minerals Development as of December 31, 2020. An MCO report spelling out this plan, issued from…

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