Day: May 9, 2024

LNG case and other travesties

Admin
LNG-CASE

LNG case and other travesties February 27, 2025 LET’S take some names today. Former prime minister Shahid Khaqan Abbasi is owed an apology now that the so-called National Accountability Bureau (NAB) has withdrawn its case of alleged corruption in the LNG deal of 2015. All co-accused in that case are also owed an apology: former finance minister Miftah Ismail who had his home raided by the police, Sheikh Imran ul Haq the former managing director of Pakistan State Oil who spent time in jail without even knowing what his crime was, Agha…

Read More

OGDCL Announces Commencement of Oil, Gas Production from Well Togh-2 in Kohat

Admin
OGDCL-new

ISLAMABAD: Oil & Gas Development Company Limited (OGDCL), the operator of the Togh and Togh Bala Development and Production Lease (D&P.L), on Thursday announced the successful commencement of production from the Togh-02 well from Lumshiwal-I Formation. The well is situated in the Kohat district of Khyber Pakhtunkhwa.The Togh-02 well is currently contributing 70 barrels of condensate and 8.0 Million Standard Cubic Feet per Day (MMSCFD) gas, into SNGPL’s network. OGDCL remains steadfast on its core objective of adding to shareholder value through growth oriented business strategy. Production from the well…

Read More

KP Urges Centre to Clear Rs5.48 Billion Electricity Arrears

Admin
power-sector

The Khyber Pakhtunkhwa (KP) government has formally requested the federal government to settle outstanding electricity arrears totaling Rs5,476 million owed to Pakhtunkhwa Energy Development Organisation (Pedo). In a letter to Federal Minister for Energy and Power Division Awais Leghari, KP’s Adviser to Chief Minister on Finance, Muzzammil Aslam, emphasized the urgency of paying these arrears to fulfill obligations to KP’s residents. The arrears include Rs2,114 million for electricity from Malakand III Hydro Power Complex (HPC) and Rs149 million from Daral Khwar, confirmed by relevant authorities. Additionally, unconfirmed arrears of about…

Read More

Deadline Extension Sought for Refinery Upgrades

Admin
refinery

The Petroleum Division has requested a 6-month extension from the Cabinet Committee on Energy (CCOE) for local refineries to finalize Implementation Agreements (IAs) under the amended brownfield refineries’ policy 2023. This move aims to accommodate major players like Pak-Arab Refinery Company (PARCO) and Cenergyico, enhancing refining capabilities but delaying $5-6 billion investments. The initial deadline of April 22, 2024, for signing IAs was missed by PARCO due to pending decisions by its Board of Directors (BoD). The proposed extension allows PARCO to finalize its upgrade plans and enables Cenergyico to…

Read More

Nepra Approves Rs2.8 per Unit Surcharge in May Power Bills

Admin
NEPRA-KE

The National Electric Power Regulatory Authority (Nepra) has sanctioned ex-Wapda power distribution companies (XWDISCOs) to levy an extra Rs2.8372 per unit on consumers’ May 2024 electricity bills. This move, known as the monthly fuel cost adjustment (FCA), comes after power consumers paid less than the actual cost of power generation, particularly from costly imported fuel, in March. Nepra’s decision translates into an aggregate collection of over Rs25 billion from consumers. In response to a petition from the Central Power Purchasing Agency (CPPA-G), representing XWDISCOs, Nepra’s decision excludes electric vehicle charging…

Read More