Month: November 2021

Iran, Azerbaijan, and Turkmenistan have signed a trilateral gas swap deal for up to 2 billion cubic meters per year, Iranian media reported. The agreement was signed on November 28 in the Turkmen capital, Ashgabat, on the sidelines of a regional economic summit. Under the swap deal – which boosts an existing agreement – Iran will receive gas from Turkmenistan and deliver the same amount to Azerbaijan, Iranian Oil Minister Javad Owji told Iranian state media. “Turkmenistan will sell 5-6 million cubic meters of gas per day to Azerbaijan under…

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Engro Fertilizers Chief Financial Officer (CFO) Imran Ahmed has more than 20 years of diversified work experience in leadership and management positions in large firms in Pakistan and abroad. He recently spoke with Dawn on issues relating to deregulation of the fertiliser industry and the development of an effective mechanism for providing direct, smart subsidy to the small farm holder, and how these policy changes will benefit the stakeholders: small farmers, urea producers, government, and on and on. “There’s a perception in the market that urea manufacturers are profitable because they get…

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It was the advent of independent power producers (IPP) two decades ago that led to the branching of the Water and Power Development Authority into independent transmission and distribution entities. A much larger transformation is about to take place in the form of the competitive trading bilateral contracts market (CTBCM), which will herald the start of a fully competitive electricity market in Pakistan. Expected to be launched in early 2022, the CTBCM will allow the suppliers and consumers the freedom to enter into direct contracts with one another as the…

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Sindh Energy Minister Imtiaz Sheikh condemned stopping the gas supply to CNG sector and industries and said that after cooling the stoves, the federal government jammed the wheels of industries also.Sindh Energy Minister said that stopping the gas supply to CNG sector will boost the unemployment across Sindh and thousands will lose their jobs.He said that the federal government is constantly abusing Sindh over the issue of natural gas, while the largest gas-producing province has been deprived of gas. He said that the decision by federal government to stop gas…

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November 29, 2021: Pakistan Water and Power Development Authority (WAPDA) Chairman Lt Gen Muzammil Hussain (Retd) visited Greater Karachi Water Supply Scheme – also known as K-IV – to review progress on the project.​WAPDA General Manager Projects (South), K-IV Project Director and representative of the Consultants were present on the occasion. ​Expressing satisfaction over the pace of progress, the Chairman said that WAPDA has completed revised design of K-IV Project in accordance with the timelines. The process for awarding construction works of the project is also underway. Following award of…

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