Year: 2022

Calgary is Preparing to Host the World Petroleum Congress to Discuss the Global Energy Transition

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The Canadian Organizing Committee for the 24th World Petroleum Congress (“OCAN”) is pleased to announce numerous milestones ahead of hosting the Congress in Calgary, Canada from September 17 – 21, 2023. Key milestones include recognition of the initial industry and government sponsors and partners which will underpin the success of the Congress, selection of keynote speakers for the Strategic Programme of the Congress, updates on registration timelines and pricing and the appointment of two new Board Members to the Canadian Association of the World Petroleum Council. As OCAN progresses planning,…

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OGDCL-Fatimid lay foundation of thalassemia center in D.I. Khan

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OGDCL-Fatimid lay foundation of thalassemia center in D.I. Khan December 16, 2022 ISLAMABAD, December 16, 2022: While continuing with its mission to ensure health facilities to the local communities, the Oil and Gas Development Company Limited (OGDCL), in collaboration with the Fatimid Foundation, has laid the foundation of a thalassemia center in Dera Ismail Khan.The OGDCL CSR department is striving to improve the livelihood of the communities through welfare initiatives in various sectors. Keeping in view locals’ demands for health facilities, CSR has given maximum importance to health in recent…

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Prepared during IK’s govt: Beijing Urges Islamabad to Review ‘IPPs report’

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The Chinese government has reportedly urged Islamabad to review IPPs committee report prepared during Imran Khan’s tenure as they have come under much criticism, well-informed sources told Business Recorder. Beijing’s concerns were recently conveyed by the Chinese ambassador to Pakistan, Nong Rong at a recent meeting with Prime Minister Shehbaz Sharif. According to IPPs report prepared by Muhammad Ali Committee, also comprising representatives of a key intelligence agency, excess setup cost of Rs. 32.46 billion was allowed to the two coal-based plants due to misrepresentation by sponsors regarding Interest During…

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Is Europe’s Energy Crisis Actually A Boon?

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The energy crisis that began last year in Europe and dramatically escalated following the EU response to Russia’s invasion of Ukraine has seen many in government worry about the survival of the continent during the winter. Yet not all see such a bleak picture. In fact, some believe that not only is the worst over for Europe but that the crisis actually did the EU a favor. That favor took the form of accelerating the buildout in renewables and the restart of hydrocarbon-fueled power plants. This take, which is certainly…

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Consignments stuck at ports: MoC to hold talks with SBP

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Commerce Ministry has decided to hold a detailed meeting with State Bank of Pakistan (SBP) to sort issues related to release of import consignments stuck at ports, as importers are bearing heavy demurrages, and foreign exchange is being pocketed by foreign shipping lines. Briefing Senate Standing Committee on Commerce on Wednesday, Commerce Ministry shared the following reasons for containers stuck at parts: (i) restrictions imposed by SBP on opening of L/C and issuance of EIF, etc., for release of import consignments. However, SBP has gradually allowed opening of L/Cs, etc.,…

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