Americans are more likely to agree than to disagree with Democratic calls for renewable energy investment and Republican calls for oil and gas drilling in response to high oil and gas prices, according to a new Yahoo News/YouGov poll. But when forced to choose between the two approaches, they are evenly split. The survey of 1,605 U.S. adults, conducted from…
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Ambassador of Azerbaijan in Pakistan Khazar Farhadove stressed the need for further strengthening mutual trade and economic cooperation with Pakistan. He invited the Khyber Pakhtunkhwa businessmen to make investments in oil and gas and other potential sectors in Azerbaijan. He was addressing a meeting chaired by Sarhad Chamber of Commerce and Industry President Hasnain Khurshid Ahmad here at the chamber’s…
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There is huge transition from fossil fuel to environment-friendly energy generation which overall will play a significantly positive role in dealing with the climate change situation. This was the crux of a discussion at a webinar organised by the Pakistan Institute of Development Economics (PIDE) which was moderated by the Vice Chancellor PIDE, Nadeem Haque, and attended by senior research…
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The country’s overall fiscal deficit during the first three quarters of the current fiscal year – July-March 2021-22 – stood at Rs2,565 billion or four percent of the GDP, according to the Finance Ministry. According to consolidated fiscal operation released by the Finance Ministry on Tuesday, fiscal deficit was recorded at Rs2,565 billion during the first nine months of the…
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Taking cognizance of the reports on diesel non-availability, the Oil and Gas Regulatory Authority (OGRA) has moved its enforcement teams along law enforcement agencies and district management in different regions to inspect and unearth illegal oil storages. It is reiterated that anyone found in hoarding or stocking oil illegally shall be dealt under the law of the land. The chief…
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t least six oil vessels are at anchor or adrift, waiting to be unloaded as an import surge strains handling capacity at the Port Qasim, potentially adding to the ongoing diesel crisis in the country, officials said on Tuesday. Diesel availability is disturbed as waiting time of vessels is affecting stocks of petroleum products,” an oil sector source told The…
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Mr Sharif ordered that even high loss-making areas be provided with full power supply during this period, even though he was alerted that it would have an additional impact on tariff. It is expected that the power sector will start receiving about 700 mmcfd of LNG instead of about 500 mmcfd at present. Secondly, the prime minister also asked the…
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Pakistan International Airlines (PIA) Chief Executive Officer (CEO) Air Marshal Arshad Malik has completed his tenure after being appointed at the slot in 2018. He would be replaced by Air Vice Marshal Aamir Hayat. The PIA through its Twitter handler made the announcement saying that Malik completes his tenure as the CEO and bids farewell with a wish for a…
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Russia cut off natural gas to NATO members Poland and Bulgaria on Wednesday and threatened to do the same to other countries, dramatically escalating its standoff with the West over the war in Ukraine. European leaders decried the move as “blackmail.” A day after the U.S. and other Western allies vowed to speed more and heavier weapons to Ukraine, the Kremlin used…
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When Dutch-Anglo oil giant Shell decided to build a massive floating gas factory known as Prelude in 2011, it was billed as the dawn of a new era for the industry. Australia was midway through a once-in-a-lifetime $300 billion splurge that would make the country the world’s biggest producer of super-chilled, shipped gas. Floating gas plants were supposed to be…
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