Day: February 1, 2022

Is Uganda Ready For An Oil Boom?

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Uganda is aiming to become a crude oil exporter as the Uganda National Oil Company solidifies plans for a large oil field and pipeline project this year. This builds upon efforts by the government to attract greater foreign investment to the oil and gas sector. In addition, the development of a 60,000 bpd refinery will boost the country’s output. However, Uganda must strike the balance between fossil fuel development and its greenhouse gas emissions. As countries around the world curb their oil production in favor of renewable energy, as a…

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Performance of power sector: Govt hires PWC for third-party validation

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The government has hired Pricewaterhouse Coopers (PWC) for Third Party Validation of the country’s power sector as Prime Minister Imran Khan is unhappy with the performance of sector, sources close to Special Assistant to Prime Minister on Establishment, Shahzad Arbab, told this correspondent. “As per the direction of SAPM on Establishment, it has been decided that a Third Part Validation Technical Advisory to assess and improve verification process of target status of Performance Agreements (PAs) will commence from February 1, 2022 by Pricewaterhouse Coopers (PWC),” the sources added. Secretary Power…

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Extraction of lignite coal deposits begins in Thar’s Block 1

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Sino-Sindh Resources Ltd (SSRL) said on Monday it successfully extracted the first shovel of lignite coal at Block 1 of the Thar coalfields near Islamkot Town of Tharparkar, Sindh. Block 1 boasts lignite coal deposits of over three billion tonnes (equivalent to over 5bn barrels of crude oil) with an annual output of 7.8 million tonnes. SSRL, whose majority shareholder is Shanghai Electric Group, was granted a mining lease on May 24, 2012, and the project was included in the Joint Energy Working Group by the governments of Pakistan and…

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Technical working group on TAPI gas pipeline to meet today

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With Islamabad vying for price cut, the energy ministers of Pakistan and Turkmenistan met on Monday for discussions on two major energy import projects, including the way forward on execution of multi-billion dollar Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. Pakistan had already taken up with Turkmenistan the issue of gas price review and delivery point of gas under TAPI pipeline project in previous meetings. In the existing gas sales purchase agreement under TAPI, the gas delivery point is Afghanistan-Turkmenistan border but given the Afghan situation, Pakistan wanted a gas delivery point…

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Ghias Khan OICCI President for 2022

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Engro Corporation CEO Ghias Khan will serve as president of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2022 term, a press release said on Monday. Unilever Pakistan CEO Amir Rasool Paracha will be vice president, it added. “Pakistan offers considerable growth potential for existing and new foreign investors,” the statement quoted Mr Khan as saying. He holds an MBA from the Institute of Business Administration, Karachi.

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