Russian oil: first shipment likely to reach by first week of June

Russian-oil

KARACHI: The first shipment of Russian crude oil is expected to hit Pakistani port during first week of June 2023. The crude oil ship carrying 100,000 tons liquid cargo has reached Oman Port and bound to reach Karachi in next few days. 0.1m tons of Russian oil to arrive in first week of June The crude oil vessel is expected to complete transporting crude oil in two trips of 50,000 ton each as Pakistani port doesn’t have capacity to accommodate heavy ships carrying more than 50,000 tons liquid cargo. Pakistan…

Read More

Pakistan LNG withdraws termination notice to PGPC

Pakistan-LNG

ISLAMABAD: Pakistan LNG Limited (PLL) on Monday withdrew its termination notice for the operation and services agreement (OSA) with the Pakistan GasPort Consortium (PGPC) that owns and operates the LNG terminal-2, after losing a case in the London Court of International Arbitration (LCIA). The arbitral tribunal appointed under the LCIA Rules, 2014, on April 26, 2023, issued its award in the arbitration between PGPC and PLL, declaring the termination notice issued by PLL on 14 October 2019 as void and illegal. The tribunal didn’t restrict it to just annulling the…

Read More

Petrol price likely to drop by Rs10 per litre in upcoming review

Petrol-price

KARACHI: The price of petrol is likley to drop by up to Rs10 per litre in the upcoming fortnightly review of petroleum product prices, industry officials said on Monday. They said that the ex-refinery price of petrol is showing a decline of Rs10-12 for the next fortnight, however the exchange rate adjustment may allow the government to only pass on up to Rs10 per liter. “The ex-refinery price of diesel is showing Rs4-5 per liter decurese for the next review of prices and the government may pass on this impact…

Read More

Trina Solar Launches Integrated PV and Energy Storage Systems at SNEC, Total Solutions Leading N-Type Value

Trina-Solar

Trina Solar Launches Integrated PV and Energy Storage Systems at SNEC, Total Solutions Leading N-Type Value Trina Solar showcased its technical prowess and unveiled new products at the 16th International Photovoltaic Power Generation and Smart Energy Conference & Exhibition, which was held at the Shanghai New International Expo Centre from May 23 to 26. At the event, Trina Solar unveiled its new-generation 210mm Vertex n-type products of 695W, 605W and 450W, p-type Vertex 670W, TrinaTracker Vanguard 2P solution, energy storage systems and other all-in-one smart energy solutions. All these products…

Read More