Year: 2023

Pakistan LNG awards tender to OQ Trading

Admin
lng-1

ISLAMABAD: State-run Pakistan LNG Ltd (PLL) on Monday awarded a contract to OQ Trading —an Oman subsidy — to deliver an LNG cargo in the second week of January at a post-bidding negotiated price of $17.95 per million British thermal unit (mmBtu) to minimise peak winter gas shortage. Earlier, the PLL had received four international bids against its urgent tender. OQ Trading was the lowest at $18.46 per unit, for the supply of a liquefied natural gas (LNG) cargo. On the other hand, however, Azerbaijan’s state run Socar separately offered…

Read More

Irfan Mirza elected as new WWEA President

Admin
Irfan-Mirza

Peter Rae resigns after eight years as President Irfan Mirza elected as new WWEA President Bonn, 27 November 2023 (WWEA) – After heading the World Wind Energy Association for eight years, Peter Rae announced on the occasion of the WWEC2023 in Hobart his resignation as WWEA President. The WWEA Board elected unanimously Dr. Irfan Mirza as new WWEA President. Dr. Irfan Mirza is one of the first promoters for renewable energy in Pakistan, e.g. as one of the leading person of the Alternative Energy Development Board of Pakistan. Subsequently he became involved…

Read More

6th Karachi International Water Conference opens Successfully addressing Water Crisis and Climate Discourse

Admin
Water-Conference

Karachi, November 27, 2023 – 6th Karachi International Water Conference spread over two days, organized by Hisaar Foundation in association and collaboration with Infra Zamin and other partners opened successfully here, earlier today. Attended by a large number of people from different walks of life, it proved to be a significant forum addressing critical issues surrounding water crises and climate discourse. With fifteen insightful sessions, the conference facilitated enriching discussions, detailed presentations, and engaging dialogues with a diverse lineup of speakers and panelists from both Pakistan and the international community.…

Read More

PM reaches UAE, to sign MoUs on investment

Admin
Anwaarul-Haq

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Sunday embarked on a bilateral visit to the United Arab Emirates. During the visit on Nov 26-28, the prime minister will meet the President of the UAE Sheikh Mohamed bin Zayed, the PM Office Media Wing said in a press release. “This engagement will provide an opportunity to advance bilateral ties in all spheres including political, economic, trade, investment, cultural, defence and people-to-people relations,” the Foreign Office spokesperson said in an earlier press statement. The visit will include the signing of MoUs between…

Read More

OMAP urges ministry, Ogra to reconsider proposed weekly adjustments

Admin
oil-and-gas

LAHORE: Chairman Oil Marketing Association of Pakistan (OMAP) Tariq Wazir Ali on Sunday appealed to the Ministry of Petroleum and Oil and Gas Regulatory Authority (OGRA) to reconsider the proposed option of shifting from fortnightly to weekly fuel price adjustments. In a statement issued here, Tariq Wazir Ali said that OMAP believes that such a move will have severe and detrimental consequences for the already beleaguered Oil Marketing Companies (OMCs) in Pakistan. He also said that current economic landscape, marked by lifeline margins, substantial FX losses, a PSO-benchmarked pricing formula,…

Read More