Pakistan Cuts Work Week Amid Severe Energy Crisis

Pakistan is reverting back to a five-day work week in an effort to reduce energy and fuel consumption as its energy crisis worsens in the very hot summer months. The new government of Pakistan—whose population is the fifth largest in the world after China, India, the United States, and Indonesia—introduced a six-day work week in April to increase productivity. But as rolling blackouts continue amid an energy shortage, Pakistan is now going back to the five-day work week, government officials said this week. “We are facing a severe crisis… We…

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Local oil, gas output drops in July-May

oil

The production of oil and gas dropped 2.5 percent and 3.7 percent respectively in the first eleven months of this fiscal year, The News learnt on Wednesday, mainly owing to eroding reserves and suspension of pumping at some fields for yearly overhaul According to the data obtained by The News, indigenous crude oil output fell to average 73,668 barrels per day in July-May of current fiscal year compared to the average 75,548 barrels per day the country produced in the same months of the last year. The production of oil…

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PAC seeks Nepra report on IPP agreements

The Public Accounts Committee (PAC) on Wednesday sought a report from the National Electric Power Regulatory Authority (Nepra) on agreements signed with independent power producers (IPPs). At a meeting held at the Parliament House, the PAC discussed audit paras related to authorities working under the administrative control of Cabinet Division. Briefing the committee, Nepra chairman Tauseef Farooqi said the country had the capacity to produce 41,000 megawatts of electricity. He said the current power outages in the country were due to insufficient supply of oil to power generating plants. PAC…

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Power-saving requires non-cosmetic measures, say power sector experts

power

While welcoming the steps the governm­ent announced on Wed­n­es­day to conserve energy, exp­erts, however, think they are not enough and will only lessen the severity of the crisis, not solve it. They insist the country has perpetually suffered from an energy crisis and has vast experience of dealing with it. “It is time to dust off all those suggestions, implement them, ensure their execution to the minutest detail to take the country out of the current energy mess,” they insist. To begin with, “shops should pull their shutters down before…

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The Biggest Reshuffle Of Oil Flows Since The 1970s

The biggest reshuffle of oil trade flows since the Arab oil embargo of the 1970s is underway—and things may never return to normal. The Russian invasion of Ukraine and the sanctions on Russian oil exports are changing global oil trade routes. Over the past nearly five decades, oil flowed more or less freely from any supplier to any customer in the world, except for sanctions on Iran and Venezuela in recent years.  This free energy trade is now over, after the Russian aggression and the Western sanctions that followed, plus Europe’s irreversible…

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