A recent study conducted by researchers from Korea Maritime and Ocean University shows that using liquefied petroleum gas (LPG) could reduce air pollution, is low-cost, and is applicable regardless of ship size. “Although LPG is a potential eco-friendly alternative, its viability as a maritime fuel has not been assessed so far,” noted Korea Maritime and Ocean University in a joint…
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China’s diesel exports in December sank to their lowest monthly level since March 2015, bringing the 2021 total to the lowest since 2016 at 17.21 million tonnes, data showed on Tuesday. December exports of diesel slumped to 330,000 tonnes, down 78per cent from a year earlier, amid diminishing export quotas and as refiners curbed runs in response to a slowdown…
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The approval of the Indicative Generation Capacity Expansion Plan (IGCEP) 2021-30 marked a major milestone for the development and planning of power sector. The approval itself was shrouded in controversy, with the Sindh representative opting to withhold his approval and subsequently Sindh government openly challenging this approval process. Nevertheless, it highlighted a key opportunity for growth in the energy sector:…
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Crude oil’s latest bull run, which saw Brent climb to its highest level since 2014 on Tuesday, has put geopolitics front and center of market concerns. Having spent the last year fretting over supply, markets and investors appear suddenly more spooked by the what ifs of global politics and its impact on still tight supplies. This week’s drone attack by…
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As the China Pakistan Economic Corridor (CPEC), a flagship project under the China’s proposed Belt and Road Initiative (BRI), has created new opportunities for economic growth and stability via a number of projects that are in full swing across the South Asian country, many third-country investors are also showing interest in the project. Saudi Arabia, United Arab Emirates (UAE) and…
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In addition, Owji planned to discuss options for shipping Iranian natural gas to Pakistan and India with the participation of Russian companies, and manufacturing of oil industry equipment, the broadcaster added. “The two sides also discussed preparation and the agenda for the next meeting of the Russian-Iranian government commission on trade and economic cooperation,” the Russian energy ministry said its…
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The federal government on Tuesday imposed 2.5 per cent of the sales tax on petrol. According to the issued notification, the sales tax of 5.44 per cent has been imposed on diesel. The sales tax rate on kerosene has been increased to 8.3 per cent and on light diesel to 2.7 per cent. Under the sales tax notification, the price…
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Federal Minister of Energy Mr. Hammad Azhar received World Bank’s Country Director for Pakistan Mr. Najy Benhassine at his office in Islamabad today. The meeting also reviewed progress about the World Bank funded ongoing projects in the energy sector. Mr. Najy Benhassine appreciated the energy sector reforms undertaken by the Government. Appreciating World Bank’s support in economic development of Pakistan,…
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To celebrate the achievements of NEPRAs licensees in the area of Corporate Social Responsibility (CSR), NEPRA organized the first ever CSR Award Ceremony at NEPRA Headquarters today. The ceremony was chaired by Chairman NEPRA, Mr. Tauseef H. Farooqi and was attended by large number of NEPRA Professionals and licensees, including, K-Electric, Pakistan Atomic Energy Commission (PAEC), Water and Power Development…
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The Indonesian coal industry is well refined and it can provide coal to Pakistan for power projects being developed under the China-Pakistan Economic Corridor (CPEC), said Indonesian Ambassador to Pakistan Adam M Tugio. In a meeting with prominent businessmen in Lahore on Tuesday, the ambassador said that his country could also provide coal to the domestic large-scale manufacturing sector. The…
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