Year: 2021

Byco 100% Vaccinated Against Coronavirus

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Byco Petroleum Pakistan Limited (BPPL), Pakistan’s largest oil refining company, hasannounced that all of its employees and staff have been inoculated against the Covid-19 virus ensuringtheir safety, health and well-being. Mr. Azfar Saeed Baig, Vice President Information – Byco Petroleum, expressed immense gratitude andappreciation to every team member who played their part in helping Byco achieve 100% vaccinatedstatus. He said, “Byco‘s fundamental values have always been centered around safety and wellbeing ofnot only its employees but the community as well. Since the launch of vaccines in Pakistan, our immediate goal…

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Six New Projects In Petroleum Sector To Be Executed In FY 2021-22

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As many as six new projects worth Rs1,775.857 million will be executed in petroleum sector during the current fiscal year 2021-22 in order to achieve self-sufficiency in the energy sector. According to official documents, the government has allocated Rs40 million in the Public Sector Development Programme (PSDP 2021-22) for a new project, under which development of Strategic Underground Gas Storage (SUGS), hiring of consultancy services for bankable feasibility study and transaction advisory services (PC-II) would be carried out. Similarly, a sum of Rs30 million has been specified for Legal Consultancy…

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PLL ‘caused loss of Rs25b’ in LNG imports

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The government has suffered a loss of over Rs25 billion because of the sate-run Pakistan LNG Limited’s (PLL) failure in making timely arrangement for the import of the commodity, the Public Accounts Committee (PAC) was informed on Wednesday. During the last few months, the PLL had cancelled cargoes and then awarded them to LNG traders after a few days at higher rates. The PAC meeting, held under the chairmanship of Rana Tanveer Hussain at the Parliament House, was further told that the PLL had failed to arrange LNG imports when…

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CCoE approves IGCEP with major focus on clean energy

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Islamabad: Cabinet committee on energy (CCoE) on Thursday approved the Indicative Generation Capacity Expansion Plan – known as IGCEP 2021-30 which puts a major focus on clean energy (hydel, Solar, Wind, Nuclear) by the year 2030. It also puts emphasis on generating new electricity projects with the least cost basis. IGCEP envisions the commissioning of a portfolio of new generation projects including many hydropower projects, Thar coal-based projects, K-3 nuclear power plant, and over 4,000MW of solar and wind-based renewable energy projects. The Cabinet Committee on Energy (CCOE) held a…

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