Two RLNG-Fired Plants: Debt re-Capitalization, Refinancing Likely Thru Local Banks

The Cabinet Committee on Privatisation (CCoP) is likely to approve the scheme of debt re-capitalization and refinancing of two RLNG-fired plants though local banks amounting to Rs 110 billion before sale of equity in its forthcoming meeting, well informed in Power Division told Business Recorder. Both Haveli Bahadar Shah and Balloki Power plants, owned by National Power Park Management Company (Private)…

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Relocation of Industrial Units in Pakistan: NBP Says Ready to Facilitate Chinese Companies

Chief Representative of National Bank of Pakistan (NBP) in China, Shaikh Muhammad Shariq said that his bank is ready to facilitate the Chinese companies to relocate their businesses and industrial units to Pakistan under the China-Pakistan Economic Corridor (CPEC) framework. “As we are about to enter into the second phase of CPEC, which is more focused on industrial cooperation, we…

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ADIPEC 2021 Opens In-Person Tomorrow

Held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and hosted by the Abu Dhabi National Oil Company (ADNOC), this year’s ADIPEC – the global energy industry’s largest, most important and influential event – returns to Abu Dhabi from 15th – 18th November to offer face-to-face meetings for the energy industry following the challenges of…

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Gas Crisis Echoes in Senate

Minister for Energy Hammad Azhar informed the Senate on Friday that domestic gas reserves were depleting fast and the gas prices had not been increased since 2019. The Senate met under the chairmanship of Sadiq Sanjrani. Responding to a calling attention notice raised by senators Sherry Rehman and Saleem Mandviwalla about the ongoing crisis in the gas supply to consumers,…

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Iranian Oil, Gas Facilities Report no Damage From Strong Earthquakes in Persian Gulf

The earthquakes, magnitudes 6.4 and 6.3, hit Iran’s energy province of Hormozgan on the Persian Gulf, with the epicenter at the town of Laaft on Qeshm island. No infrastructure facilities were damaged on the island, where several oil and gas plants have been built or are under construction, state television reported. In Bandar Abbas, home to a 350,000 b/d refinery,…

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