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prime minister Shahid Khaqan Abbasi is owed an apology now that the so-called National Accountability Bureau (NAB) has withdrawn its case of alleged corruption in the LNG deal of 2015.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…
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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…
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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…
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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…
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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…
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Engro Corp, Pakistan’s largest conglomerate, is eyeing international markets for expansion, with a focus on the Middle East, Central Asia, and Africa, according to Samad Dawood, Vice Chairman of Dawood Hercules Corp, Engro’s major investor. In a recent interview with Reuters, Dawood highlighted Engro’s interest in global LNG ventures and hydrogen energy, alongside plans to enter telecom infrastructure markets in…
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Drones are helping Red Solar achieve better PV solutions in the mountains,Chongqing,China. The project team has completed the PV installations at the construction site. With altitudes ranging from 1200 to 1700 meters, the steep slopes present significant challenges. Constructing a solar power station in this rugged terrain requires unconventional approaches and innovative PV solutions, calling for courage and ingenuity from…
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