Day: October 24, 2022

SA’s energy sector still the G20’s worst carbon emitter – report

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South Africa’s energy sector is still the most carbon-intensive among G20 countries, a recent report has found. The Climate Transparency Report 2022, released on Thursday, provides a country-specific analysis of the emissions and efforts to address climate change. The research draws on the expertise and assessments from 16 partner organisations across the G20 countries. It is based on data up until 2021. The report shows that South Africa’s per capita emissions (that is, the average emissions for a person) are 1.2 times greater than the G20 average of 7.5. This…

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Saudi Arabia, UAE & Pakistan likely to establish a new oil refinery at Gwadar

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Saudi Arabia, United Arab Emirates (UAE) and Pakistan are likely to set up a new refinery in the port city Gwadar, Balochistan with a heavy investment and the newly appointed Secretary Petroleum has called an important meeting in this regard on Monday. According to sources, newly-posted Secretary Petroleum Capt (r) Muhammad Mahmood has been striving hard to finalize the establishment of a new refinery in the country with the huge investment of Saudi Arabia and UAE. They said that the incumbent Secretary Petroleum has been consulting the concerned local stakeholders…

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Pakistan To Buy Cheap Oil From Russia, Expresses Solidarity With Saudis on OPEC+ Production Cut

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Pakistan has informed the United States of its decision to purchase oil from Russia, Pakistan‘s Finance Minister Ishaq Dar announced. “If India can purchase oil from Russia, then we also have the right and there is no reason to stop us from doing so,” Dar told reporters on Wednesday in Islamabad at the All Pakistan Chartered Accountants Conference 2022. “We won’t sign a contract with terms that are worse than those of India,” which is the US’ major ally in the region. Dar told reporters that the Pakistan government “has…

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OGRA wants govt not to entertain ‘frivolous’ complaints

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ogra gas

The Oil and Gas Regulatory Authority (Ogra) has asked the government and the Senate to discourage ‘frivolous’ complaints from vested interests that waste the time of relevant institutions. While replying to a query by the Cabinet Division, the regulator wrote: “Malicious, baseless and motivated complaints only waste governments’ precious time, which may please be discouraged at all levels.” The cabinet division had sought comments from the Ogra on a complaint to the Senate by an “unregistered LPG Industries Association of Pakistan” that its chairman was mistreated by an Ogra member…

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Dozens of illegal and unauthorized fuel pumps operating in Pakistan: report

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illegal-petrol

Several fuel pumps are operating across the country without licences or due authorization or selling petroleum products other than what they were allowed. These fuel stations are also involved in the hoarding of petroleum products. This was disclosed in the audit reports for accounts of the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) for the fiscal year 2021-22. The report, a copy of which is available with SAMAA TV showed that illegal and unauthorized fuel pumps are involved in selling unrefined fuel, which has been smuggled from places such…

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