Year: 2023

OGDCL onlines Wali gas field

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OGDCL-1

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) said on Thursday it had started production at its Wali gas field in the district of Lakki Marwat, Khyber Pakhtunkhwa province. The company said it would initially produce 10 million standard cubic feet per day (mmscfd) of gas and 1,000 barrels per day (bpd) of oil from the field. “The operator of the Wali (Bettani) Exploration License with a 100 percent working interest, is delighted to announce commencement of production from the Wali (Bettani) Oil & Gas Field situated in District Lakki…

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Resolution of issues facing KE: Saudi Aljomaih Power voices its concern over delay

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Power-voices

ISLAMABAD: The Saudi company M/s Aljomaih Power has reportedly expressed its serious concerns over undue delay in resolution of issues related to K-Electric and nominated Habibullah Khan as its representative for meetings with government functionaries to sort out pending issues. In a letter to Prime Minister Shehbaz Sharif, Aljomaih Managing Director Abdulaziz Hamad Aljomaih referred to his meetings with him to discuss the long outstanding issues faced by K-Electric and its investment in Pakistan. Aljomaih appreciated that though the task force headed by former Prime Minister Shahid Khaqan Abbasi is…

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France to provide 180m euros for NTDC

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France-euros

ISLAMABAD: France signed a credit facility agreement of 180 million euros with Pakistan on Wednesday to finance the National Transmission and Dispatch Company (NTDC) for improving the transmission of electricity in the country. The Federal Secretary of the Economic Affairs Division (EAD) Dr. Kazim Niaz, Ambassador of France to Pakistan, Mr. Nicolas Galey, signed the agreement in the presence of the Country Director of the French Development Agency (AFD), at a reception held today. “The credit facility is for three NTDC projects located in Punjab in the vicinity of the…

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Global100RE: 100% Renewable Energy: Essential Response to the Climate Crisis

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Renewable-Energy

100% Renewable Energy: Essential Response to the Climate Crisis Bonn, 15 June 2023 – On the occasion of the UN Climate Change Conference SB58 currently taking place in Bonn, the Global 100% Renewable Energy Platform and its members call on the world community to focus on 100% renewable energy as the primary tool that alone can ensure sustainable development, help achieve SDG goal 7 and provide effective climate change mitigation. Accordingly, Global100RE calls on all national and subnational governments and the world community to recognise: 1. A 100% renewable energy…

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LNG import: ECC approves framework deal between PLL, Azerbaijan firm

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LNG-import

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the framework agreement between Pakistan LNG Limited (PLL) and State Oil Company of Azerbaijan Republic (SOCAR) for LNG import and funding of Rs157.734 million for the Heavy Electrical Complex (HEC). The ECC also approved Rs404.769 million to meet maintenance requirements of the 6-Aviation Squadron. Top official sources said that Six Aviation Squadron of Cabinet Division operates a fleet of helicopters. The squadron was given the mandate to carry out relief and rescue operations besides missions related to VVIP and…

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