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  • 2023
  • April

Month: April 2023

SUGGESTIONS FOR LNG SECTOR REFORMS

April 30, 2023April 30, 2023 Admin
lng
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Blog

Massive investment, promotion of renewable energy to turn around Pakistan’s power sector

April 28, 2023April 28, 2023 Admin
renewable-energy

Pakistan faces several energy issues that have been hindering its economic growth and development. Some of the key challenges are:

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Blog

Four Oil Gas Fields Get 5-year Lease Extension

April 28, 2023April 28, 2023 Admin
oil-china

The Economic Coor­dination Committee (ECC) of the cabinet on Thursday approved supplementary grants worth Rs912.5 million and an extension in the lease period to four oil and gas-producing fields for accelerating exploration activities.

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ShortcodeFields, gas, Lease, oil

Govt Likely To Cut Petrol Price by Rs3.86 Per Liter

April 28, 2023April 28, 2023 Admin
petrol-price

The price of high-speed diesel (HSD) is expected to go down by Rs5.41 per litre effective from May 1, 2023 following the weakening of global oil prices. Kharif crop planting season is already under way and any decrease in the price of diesel,

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Shortcode

OGDCL Eyes Production Boost, Exploration Drive in Balochistan’s Zin Block

April 28, 2023April 28, 2023 Admin
ogdcl

Oil and Gas Development Company Limited (OGDCL) is planning to boost oil and gas production from current wells while prioritising exploration efforts in the Zin block of Baluchistan, which holds confirmed reserves of 840 billion cubic feet per day (bcfd), company’s top official said on Thursday.

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ShortcodeBalochistan, Boost, Exloration, OGDCL

$18 Per Barrel Cheaper Russian Oil Shipment To Arrive Next Month

April 28, 2023April 28, 2023 Admin
Oil-updates

Pakistan has ordered its first shipment of crude oil from Russia, which will arrive in late May or early June. The initial order, carrying 100,000 tons of crude, will be shipped at a discount of up to $18 per barrel, a price that is lower than Platts’ crude oil prices.

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HighlightsBarrel, Russia, Shipment

Prime Minister Announces Plans for $10-14 Billion Refinery Musadik Malik

April 28, 2023April 28, 2023 Admin
refinry-project

Minister of State for Petroleum Dr Musadik Malik on Friday said that Prime Minister Shehbaz Sharif had announced to establish a refinery that would cost between $10 to $14 billion. Speaking at a news conference

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HighlightsBillion, Plans, Prime Minister, Refinery

LESCO Fails To Achieve NEPRA-Determined 2 Percent Loss Reduction Target

April 27, 2023April 27, 2023 Admin
lahore-electric

Lahore Electric Supply Company (Lesco) has failed to achieve 2 percent loss reduction target that was determined by Nepra in its previous MYT, due to its inability of materialising Rs30 billion ADB funds for the AMI meter project, as the regulator approved Rs107.307 billion new five years investment plan for the company.

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Shortcodelesco, NEPRA

LCCI Underscores Need For Macroeconomic Reforms

April 27, 2023April 27, 2023 Admin
lahore-chamber

The Lahore Chamber of Commerce and Industry Wednesday called for macroeconomic reforms and policy changes in consultation with stakeholders for moving towards a path of sustainable economic recovery.

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ShortcodeLCCI, Macroeconomic, Reforms

DISCOS Regulator Asked To Freeze Capacity Payments

April 27, 2023April 27, 2023 Admin
power-project

Senate Standing Committee on Power has asked National Electric Power Regulatory Authority (Nepra) to put capacity payment of Independent Power Producers (IPPs) on ice as Rs 1.2 trillion were paid as capacity payment during 2023.

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ShortcodeDiscos, Freeze, Payment, Regulators

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