Year: 2021

Byco Bestowed with Best Place to Work Award 2021

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Byco Petroleum Pakistan Limited (BPPL) has won the Best Place to Work Award 2021 at an event in Karachi. The event was organized by the Pakistan Society of Human Resources Management (PSHRM) and Engage Consulting with more than 100 organizations. Byco Petroleum secured the top honor as the Best Place to Work in the energy/oil and gas industry. The year 2021 has been a good year for Byco as it won many awards on different platforms.Byco Pakistan is proud of its inclusive and diversified work culture in addition to its…

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China to help boost clean energy in Pakistan

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China is helping Pakistan in boosting its renewable energy development. Recently, Pakistan’s industry and commerce market entered into a new era of 500W+ by adopting a type of advanced photovoltaic (PV) modules made by a Chinese enterprise. JinkoSolar, along with its local partner Hadron Solar, will provide 775 pieces of Tiger Pro modules with 500W+ to be installed on the rooftop of a pharmaceutical factory in Pakistan. These modules will generate 633 MWh of electricity annually over the next 25 years to meet the factory’s requirement. In addition to this,…

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Gasoline guzzling – a few suggestions

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Petrol-pump

The recent hike in the prices of motor gasoline, more commonly known as petrol, is being widely criticised. The following paragraphs are an attempt at looking for measures which might help in reducing our dependence upon petrol. Historical perspective and current status Historically, Pakistan’s petrol consumption witnessed a 15 fold increase as it rose from 12,500 barrels per day (bpd) in 1980 to 195,000 bpd in 2021. The number seems quite high even when compared to the population growth during the period. The anomaly accentuates further when we realise that…

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From being energy deficient to energy inefficient

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The energy problem of Pakistan has always been more of a political subject than a technical one. Occasional on-the-move decisions and short-term planning have turned the situation worse with the passage of time. Every new government resorts to criticising the past one for the mess. For example, the Pakistan Muslim League-Nawaz (PML-N) blamed the Pakistan Peoples Party (PPP) leadership for corruption and granting undue favours to the independent power producers (IPPs). The current Pakistan Tehreek-e-Insaf (PTI) government blames both of its predecessors for the ballooning circular debt, which touched a…

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The recovery of petroleum profits

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Petrol-prices

The previous fiscal year was one of the most difficult periods for Pakistan’s oil sector. The oil and gas producers, oil refiners and oil marketing companies faced multiple challenges in 2020-21 such as the second and third waves of the Coronavirus pandemic, lockdowns, travel restrictions, economic slump and volatility in international commodity prices. The business environment, however, started to get better from the second half of the financial year following the re-opening of the global economy. Pakistan also witnessed an improvement in trade and commerce activities. This was accompanied by…

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