Year: 2021

Sustainable waste solutions start with us

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Pakistan generates close to 50 million tonnes of solid waste per year, almost 135,000 tonnes per day. Out of this, Karachi alone produces 10% or 13,500 tonnes of solid waste per day. Most Pakistanis, and especially Karachiites, suffer from a lack of solid waste collection, where it is scattered throughout the city. But the sad reality is, even if this waste was collected, landfills are full to capacity and do not have space to store this extra waste. Picking up waste and dumping it far away out of our sight…

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12 importers responsible for artificial oil shortage, panel told

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The Senate Standing Committee on Interior was informed that 12 top oil importers had been responsible for creating artificial oil shortage in the country. The panel, which met under the chairmanship of Rehman Malik, at the Parliament House on Thursday, was told that the FIA had identified those involved in the malpractice. The committee was given a detailed briefing by the petroleum secretary and FIA additional director general with reference to the failure of the concerned departments to control corruption and hoarding by the oil marketing companies (OMCs), which had caused…

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Energy body approves CTBCM implementation plan

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The Cabinet Committee on Energy (CCOE) on Thursday approved the principles and implementation plan for the Competitive Trading Bilateral Contract Market (CTBCM). During a meeting held under the chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar, the Power Division presented the design of CTBCM for consideration and review. The division also apprised the committee of its implementation plan. According to a statement, the Power Division informed the committee that in the first phase, consumers with a load of one megawatt or above would participate in the…

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Nigerian Oil Major Focuses On Condensates To Offset OPEC Cuts

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The Nigerian National Petroleum Corporation has decided to focus its attention on condensates production to compensate for lost revenue from oil exports due to the country’s commitment to the OPEC+ production cut deal. Nigerian daily This Day quoted the managing director of the NNPC as laying out this plan, and noting a boost in condensates production should help push revenues higher. Whether condensates should be included in oil production figures when calculating OPEC’s production quotas has been a longstanding dispute. Nevertheless, Mallam Mele Kiyari also said Nigeria remained committed to…

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U.S. Puts Chinese Oil Giant CNOOC On Blacklist

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The U.S. Department of Commerce said on Thursday it had blacklisted China’s state-run oil company CNOOC for helping China intimidate neighbors in the South China Sea, threatening U.S. national security, in yet another move aimed at restricting market access for Chinese companies. CNOOC was added to the Entity List, a tool utilized by Commerce’s Bureau of Industry and Security (BIS) to restrict the export, re-export, and transfer (in-country) of items to persons reasonably believed to be involved, or to pose a significant risk of becoming involved, in activities contrary to…

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