Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency in the wake of the Ukraine conflict. European countries and the United States have imposed heavy sanctions on Russia since Moscow sent…
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When President Biden appeared in Poland yesterday, he said that the Russian leadership could not remain in power if it continued to brutalize Ukraine. To this end, the global economic sanctions are meant to isolate President Putin not just from the civilized world but also from his people. What’s more likely is that Russia will get gradually elbowed out of…
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Mari Petroleum Company Limited (MPCL) has announced the commencement of the supply of natural gas from its newly-discovered field in Ghotki, Sindh, to the distribution company. According to the stock filing, the company has begun the first supply of gas from the Tipu compartment of the Goru-B reservoir of the Mari gas field. Initially, approximately 20 MMCFD of pipeline quality gas will…
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Medical experts on Friday advised citizens not to consume soft drinks at iftar time because after sixteen hours of fasting, they start to retard kidney fuction. Talking to private news channel medical experts, however, they advised people to use home-made juices instead of soft drinks during iftar as it is easily absorbed during digestion. “Home-made drinks like lemonade, milk soda…
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If COP26 could not do much against oil and gas, the recent high prices have done the deserved or undeserved damage to the future of oil and gas. Renewable lobby has always considered low oil and gas prices to be a bad news, as it makes renewable uncompetitive and the drive to phase out fossil fuels goes into the back…
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Ministry of Planning, Development and Special Initiatives (MoPD&SI) has advised Power Division to seek guidance from Cabinet Committee on Energy (CCoE) with respect to clearance of standard documents of Small Hydropower Projects (SHPPs) and clarification on previous decision, well informed sources told Business Recorder. The MoPD&SI has offered its comments in response to a letter of Managing Director Private Power &…
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Zainab BiZainab was given a Queen’s Young Leaders Award in 2016 for her work to promote renewable energy. She founded the Pakistan Society for Green Energy and developed an ethanol (a bio-fuel) from waste tissue paper, which could help to provide cleaner energy.
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Crude prices rose more than 1% to over $120 a barrel on Friday, as traders reconciled the impact of a missile attack on an oil distribution facility in Saudi Arabia with a possible release of oil reserves by the United States. Brent crude settled up $1.62, or 1.4%, to $120.65 a barrel and US West Texas Intermediate (WTI) crude ended…
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