Day: June 2, 2021

The United States recently seized a ship and then sold off the Iranian oil it was carrying, according to reports over the weekend. Source: msn.comU.S. authorities in February seized the Liberian-flagged tanker Achilleas off the coast of the United Arab Emirates as it was transporting Iranian oil, the Associated Pressreported Monday.The U.S. government brought the cargo to Houston, Texas, where it sold the oil.The oil sold from the cargo showed up in data released this weekend by the Energy Information Administration, an arm of the Department of Energy, confirming the U.S. imported just over…

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Qatar could become the swing LNG (liquefied natural gas) producer and its LNG expansion plans are slated to boost real economic growth and fiscal surpluses to high-single digits and mid-single digits on average over 2021-27, according to Bank of America report. “Qatar’s LNG strategy appears to be focused on defending and, in due course, growing its market share. Qatar’s structural cost advantage makes it well positioned to retain its pre-eminent supplier position, while allowing for greater flexibility in contract pricing,” the report said. Qatar’s structurally low production costs provide key…

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There are few things that can put a dampener on the cement industry’s very ceremonious year so far and what does seem as one of the many prosperous years to come. Cement companies should be very happy with themselves. Despite the dark clouds of Covid-19, the sector—bolstered by government policies—has sold more cement than ever before and still has 16 percent more capacity left to consume. After going through an expansion phase that was only recently completed, the industry is revving for another capacity enhancement spree (potentially going up to…

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THE China-Pakistan Economic Corridor (CPEC) has now brightened the chances of regional connectivity especially with Central Asian States. It has become an engine of growth. It has become an essential fuel of energy generation in which hydropower has outperformed other sources of energy.https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-3324216479772415&output=html&h=60&slotname=1758957544&adk=1226786057&adf=2643393648&pi=t.ma~as.1758957544&w=468&lmt=1622656044&psa=1&format=468×60&url=https%3A%2F%2Fpakobserver.net%2Fcpec-corridor-of-knowledge-by-zulkafil-h-khan%2F&flash=0&wgl=1&uach=WyJXaW5kb3dzIiwiNi4xIiwieDg2IiwiIiwiOTEuMC40NDcyLjc3IixbXV0.&dt=1622656818718&bpp=13&bdt=6148&idt=1444&shv=r20210525&cbv=%2Fr20110914&ptt=9&saldr=aa&abxe=1&cookie=ID%3D2deb3ce0df582199-22c8ffa23aa70026%3AT%3D1617042922%3ART%3D1617042922%3AS%3DALNI_Mbwd2vPoV9H2OpRAYvgq0SostNkLw&prev_fmts=728×90%2C0x0&nras=1&correlator=1157557665382&frm=20&pv=1&ga_vid=367642796.1617042914&ga_sid=1622656820&ga_hid=673744508&ga_fc=0&u_tz=300&u_his=1&u_java=0&u_h=800&u_w=1280&u_ah=756&u_aw=1280&u_cd=24&u_nplug=3&u_nmime=4&adx=183&ady=1262&biw=1264&bih=685&scr_x=0&scr_y=0&eid=42530671%2C31060975&oid=3&pvsid=3396830579704454&pem=349&eae=0&fc=896&brdim=0%2C0%2C0%2C0%2C1280%2C0%2C1280%2C756%2C1280%2C685&vis=1&rsz=%7C%7CoeEbr%7C&abl=CS&pfx=0&fu=0&bc=31&ifi=2&uci=a!2&btvi=1&fsb=1&xpc=slsPI6jqhL&p=https%3A//pakobserver.net&dtd=1475 It has become an instrument for massive industrialization. Last but not the least, it has accelerated the pace of industrialization in the country. While inaugurating the China-Pakistan Economic Corridor, President Xi-Jinping, said: “Friendship between China and Pakistan is based on trust and mutual support and we have…

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Federal Minister for Finance and Revenue, Shaukat Fayyaz Ahmed Tarin, on Tuesday, said that government would increase the GDP growth to 6-7 per cent in next couple of years to make Pakistan a regionally competitive economy. He chaired the second meeting of the Economic Advisory Council (EAC) at the Finance Division. The finance minister welcomed the participants and highlighted the objective of the formation of Economic Advisory Council, which is the promotion of evidence based policy formation and reforms with the effective consultation and feedback from all important stakeholders. He…

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