Year: 2023

Why Is China Buying Up So Much U.S. Oil?

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oil-china

One of the main bull proposal for rough in 2023 is that China, having for all time retired its zero Coronavirus strategies, will release a worldwide purchasing binge as the Chinese economy strongly thunders back to life. On Tuesday, we got one more sign of definitively that: Unipec, the biggest oil merchant in China and the exchanging unit of state-held purifier Sinopec, and PetroChina, the biggest oil and gas maker and wholesaler in China, have both employed ten supertankers in Spring to pull US rough back to Asia, as per…

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Russian Oil and Gas Companies Sold Far Beyond G-7 Price Cap

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gas-russia

Russian organizations got undeniably more cash from selling the nation’s oil than recently suspected in the weeks that followed the burden of a cost cap on the country’s commodities, a gathering of scholastics said. The research debilitates the possibility that as far as possible are pounding Moscow’s income to subsidize the conflict in Ukraine. Russia’s unrefined brought a normal of about $74 per bbl in the a month that followed the cap, as per estimations by specialists including from the Establishment of Worldwide Money, Columbia College and College of California.…

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NEPRA Delegation Led by Member Rafique Shaikh visits K-Electric

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nepra-delegation

NEPRA senior authorities’ group drove by Part (Specialized), Rafique Ahmad Shaikh visited K-Electric (KE) Administrative center to audit KE’s presentation and status of consistence with NEPRA’s Demonstration, Execution Principles (Appropriation) Rules 2005, Circulation Code and other material guidelines, concocted by the administrative power. KE President, Moonis Alvi, joined by senior administration notified NEPRA Authority about the power organization’s status of drives and proactive measures being taken, relating to organic market over the late spring months particularly in the forthcoming Blessed month of Ramadan. Further to this, KE the board likewise…

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Theft of Green, Clean Energy

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wind-energy

While Pakistan’s drive to maximize its power production based on clean and green energy resources often faces serious obstacles but perhaps never before clean energy was theft.Unidentified armed men recently barged into a farmhouse in the Memon Goth area of District Malir, Karachi late in the night.They held hostage the farmhouse staff at gunpoint. They tied their legs and hands before locking them in a room at the farmhouse.The armed dacoits later took with them over 60 goats, over 100 solar plates, and the inverter of the solar system.The robbers…

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The need to switch towards a greener future: Lessons from China

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wind-energy

Today I attended a conference at Serena Islamabad “The need to switch towards a greener future: Lessons from China” arranged jointly by SDPI and PCI. I truly appreciate both organizations for their valuable efforts in organizing this event and addressing a key policy issue which needs to be addressed immediately.The speakers did their best to highlight pertinent points related to RE industry in Pakistan.However, as pioneer of the wind industry in the country, I was wondering how much more we should learn from our mistakes and how much more efforts…

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