In Jordan, one of the most water stressed countries in the world, people have become used to living with very little water.A study published in the Proceedings of the National Academy of Sciences showed that Jordanians will have to halve their per capita use of water by the end of the century. Most Jordanians on lower incomes will live on 40 liters a day, for all their needs — drinking, bathing and washing clothes and dishes, for example. The average American today uses around 10 times that amount.In many Jordanian…
Read MoreYear: 2021
CASA-1000 project terms may be renegotiated
CASA-1000 is a power transmission project from Tajikistan and Kyrgyzstan passing through Afghanistan to Pakistan. TAPI is a gas pipeline project designed to import gas from Turkmenistan. While we need gas, we are beset by the problem of excess capacity, of which more is to come in the next 10 years. Projections are that the worse has yet to come for the circular debt due to the excessive committed projects. Consequently, intensive criticism is emerging against CASA-1000, although nothing can be done now, as the project is under an advanced…
Read MorePARCO Board appoints new deputy MD
The Board of Directors (BoD) of the Pak-Arab Refinery Company Limited (PARCO) has appointed Irteza Qureshi as the new deputy managing director (DMD) in the country. The refinery is a joint venture between Pakistan and UAE. Qureshi will assume charge of his office during the first week of Sept 2021. He is currently working in Oil and Gas Development Company Limited (OGDCL) as Chief Financial Officer (CFO). Irteza Qureshi is a UK-qualified Chartered Accountant with diverse experience in private and public sectors and multinational organisations within and outside Pakistan. He…
Read MorePSO gets highest-ever bid for LNG cargo at $25.30 per MMBtu
Pakistan State Oil (PSO) here on Friday got the highest-ever bid from the Qatar Petroleum (QP) Trading at 34.6688 percent of the Brent that translates into $25.30 per MMBtu for spot LNG cargo required to be delivered for September 16-17. The state-owned entity also received the bid price from VITOL at 24.5456 percent of Brent, meaning $17.91 MMBtu for the other spot LNG cargo for the delivery window of 26-27 September. Both the bids PSO got are costlier if compared with the price of LNG cargo at 22.1311pc PSO procured…
Read MorePakistan mulls funding options to kick off PSGP
Pakistan is considering different options for arranging foreign exchange from global creditors to ease the burden on country’s foreign currency reserves and kick off work on the $2.5 billion Pakistan Stream Gas Pipeline (PSGP) project. A meeting of the Cabinet Committee on Energy (CCOE) was held under the chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar on Friday. Sources told The Express Tribune that CCOE was informed that the Petroleum Division was working on different options to arrange the funding. The Petroleum Division said that different…
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