The Cabinet Committee on Energy (CCoE) has directed the Petroleum Division (PD) to submit a formal summary to the Economic Coordination Committee (ECC) of the Cabinet for resolution of a dispute on Jamshoro Joint Venture Limited (JJVL) LPG plant, official sources told Business Recorder. On December 23, 2021, Deputy Chairman, Planning Commission informed the CCoE that Prime Minister while chairing…
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Being the largest marketing company, Pakistan State Oil (PSX: PSO) has the largest market share I the OMC sector involved in the marketing and distribution of motor gasoline (Mogas), high speed diesel (HSD), furnace oil (FO), jet fuel (JP-1), kerosene, CNG, LPG, petrochemicals and lubricants. It also imports products like Mogas, HSD JP-1 and furnace oil based on the demand.…
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Draft European Union plans that would allow nuclear and gas energy to remain part of the bloc’s path to a climate-friendly future came under immediate criticism over the weekend from both environmentalists and some governing political parties in EU member nations. In draft conclusions, the EU’s executive commission proposes a classification system for defining what counts as an investment in…
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Pakistan’s prime oil and gas exploration company, OGDCL has discovered huge oil and gas reserves in the Wali block near Lakki Marwat in KP. The find is being estimated as the biggest one in the last decade, top sources in the Energy Ministry told The News on Sunday. “The Wali block reserves are considered equal or more than the reserves…
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Germany has pulled the plug on three of its last six nuclear power stations as it moves towards completing its withdrawal from nuclear power as it turns its focus to renewables. The government decided to speed up the phasing out of nuclear power following Japan’s Fukushima reactor meltdown in 2011 when an earthquake and tsunami destroyed the coastal plant in…
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Special Assistant to the Prime Minister on Poverty Alleviation and Social Protection Senator Dr Sania Nishtar on Sunday inaugurated the first-ever ginger cultivation during the Ginger Harvest Workshop held in the Balkasar area of Chakwal, Punjab. This was the first ginger harvest piloted in Pakistan. The crop was grown in 11 months. Being an essential ingredient of Pakistani cuisine, ginger…
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Refinery Limited (PRL) has announced that it will upgrade its plant to convert furnace oil into advanced quality Euro-V petrol and diesel and expand production capacity to more than double the existing one at an estimated cost of $1.2 billion. “The board of directors of Pakistan Refinery Limited in its meeting held on December 27, 2021 has decided to undertake…
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Inefficiencies of distribution companies have been considered as one of the main power sector problems, although this is not the sole issue and performance improvement alone may not allow to get rid of the problems and difficulties of the sector. Losses may at best be halved and brought to the level of 8-10%. Technical improvements such as smart meters alone…
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SHAKING off last year’s haunting images of human misery around them, Pakistanis remained true to their elements and refused to surrender to despair. Be they images of makeshift crematoriums in India at the height of Covid outbreak in June, or those of Afghans, desperate to leave the country after the Taliban takeover, falling to death on the tarmac of Kabul…
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