Month: April 2024

OMCs Increase HOBC Price by Rs10/Litre from April 1, 2024

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petrol-price

Oil Marketing Companies (OMCs) have announced a Rs10 per litre hike in the price of Hi-Octane Blending Component (HOBC) effective from April 1, 2024. Despite this increase, the Petroleum Levy (PL) on HOBC remains at Rs50 per litre, maintaining a lower levy compared to low-grade motor gasoline, which incurs a PL of Rs60 per litre. The international price of petrol 95 Ron has held steady at approximately $98.96 per barrel over the last fortnight, marking a slight increase from $93.96 per barrel before March 16, 2024. Notably, the pricing of…

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KE to Integrate 640MW Clean Energy in 2 Years

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circular-debt-K-electric-ceo

K-Electric (KE) has unveiled plans to incorporate 640 megawatts of renewable electricity into its grid over the next two years through solar and wind energy initiatives. This move, expected to attract investments of more than $400 million from 12 international firms based in Europe, China, and the Middle East, is poised to significantly reduce production costs, according to KE’s Chief Executive Officer Moonis Abdullah Alvi in an informal discussion with The Express Tribune. The renewable energy projects are slated for deployment in Balochistan’s Hub, Uthal, and Bela cities, along with…

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25th WPC Energy Congress: The Ministry of Energy, Kingdom of Saudi Arabia and WPC Energy share dates and theme

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WPC-Energy

Taking place from 26 – 30 April 2026 in Riyadh, the theme for the 25th WPC Energy Congress will be ‘Pathways To An Energy Future For All’.Discussions over the four days will centre around how the global energy sector can transition to deliver a low carbon system which meets its social, environmental, and economic challenges.The Congress was awarded to the nation of Saudi Arabia in Autumn 2022 when a delegation of 23 people from the Ministry of Energy led by Eng. Mohammed Abdulrahman Al-Ibrahim, Assistant Minister of Oil and Gas,…

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A delegation of German investors will visit in June for investment potential in sindh CG Germany

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Murad-Ali

KARACHI (April 5): Sindh’s Chief Minister, Syed Murad Ali Shah, has extended an invitation to investors from Gulf countries and Germany to consider investing in Sindh province.He believes that Sindh is a province rich in resources and well-connected to the world via sea routes, which makes it an ideal location for trade and commerce to thrive. The Chief Minister believes that investors can expect good returns on their investment in Sindh.This he said during his meeting with German Consul General Mr Rudiger Lotz, Consul General of Qatar Mr Nayef Shahein,…

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Engro announces ending its 16-year presence in Pakistan’s conventional energy sector

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Engro-Corp

Engro Energy Limited, a subsidiary of Engro Corporation Limited, has finalized a Share Purchase Agreement with Liberty Power Holding (Pvt.) Limited and a consortium for the sale of its thermal energy assets portfolio.The consortium comprises Liberty Mills Limited, Soorty Enterprises, and Procon Engineering through Master Group of Industries. The sale of these thermal assets aligns with Engro’s ongoing efforts to streamline and optimize capital and resource allocation. The Share Purchase Agreement covers the sale of Engro Energy’s entire shareholding in Engro Powergen Qadirpur Limited (EPQL), Engro Powergen Thar (Private) Limited…

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