Transportation of POL products: PM seeks explanation for ignoring PR, PNSC

Prime Minister has sought an explanation from Secretary Petroleum Division for not giving priority to Pakistan Railways (PR) and Pakistan National Shipping Corporation (PNSC) in transportation of POL products, well-informed sources told Business Recorder. These directions were issued during a recent meeting of Federal Cabinet, when at least two Ministers lodged a complaint that Pakistan State Oil Company Limited (PSOCL) is…

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Hascol launching Vaccination Centers on M2 motorway

In coordination with the National Command & Control Centre (NCOC) and the Oil & Gas Regulatory Authority (OGRA), Hascol Petroleum Limited is establishing Drive-Through Vaccination Centers at selected retail outlets on the M2 Motorway in Bhera, and at its Excellence Training Centre in Machike. The Covid-19 menace shows no signs of abatement in the country with the Delta variant claiming…

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Masdar Celebrates Inauguration Of Landmark 100 MW Nur Navoi Solar Project In Uzbekistan

Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has inaugurated the Nur Navoi Solar Project – Uzbekistan’s first successfully-financed independent power producer (IPP) solar project. The inauguration ceremony was attended by Shavkat Mirziyoyev, President of the Republic of Uzbekistan, Sardor Umurzakov, Deputy Prime Minister and Minister of Investments and Foreign Trade for…

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Electricity export to Afghanistan, Pakistan can be risen by 400 MW

Energy Ministry’s Spokesman for Electricity Industry Mostafa Rajabi Mashhadi said that it is possible to increase the supply of electricity to Pakistan and Afghanistan by more than 400 megawatts (MW). The official said Iran is willing to expand relations with Pakistan and boost electricity export to this country, IRNA reported. Transmission line to Pakistan border to supply electricity to Gwadar…

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LNG crisis brewing?

The LNG spot rates are hovering around $16/mmbtu. The Pakistan LNG Limited (PLL) has received bids for October and November deliveries at an average of $19.92/mmbtu and $19.39/mmbtu, respectively. For context, the average LNG spot price for PLL cargoes in October and November last year was $5.38/mmbtu. The PLL is yet to issue final evaluation report for the tenders floated…

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