Day: September 22, 2024

Federal Minister for Petroleum Dr Musadik Malik witnessed the MOU signing ceremony between OGDCL and Chinese CCDC

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Petroleum

In a significant development , during the ongoing 8th Silk Road International Expo for investment and trade forum in Xian , Shaaxi province China, an MOU is signed between OGDCL the flagship E&P company of Pakistan and CCDC , the major player in Drilling and upstream Oil field Services of People’s Republic of China The MOU underscores commitment of both the brotherly countries for the development of Shale and tight gas potential of Pakistan with an aim to alleviate energy needs of the country through indigenous resources.Mr. Mumtaz Ali Soomro…

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Xian China : September 21,2024

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Federal Minister for Petroleum Dr Musadik Malik holds round table meetings with Chinese companies Federal Minister for Petroleum Dr Musadik Malik held round table meetings with Chinese companies at Pakistan pavilion set up at the 8th Silk Route Expo in Xian, China. Leading Petroleum sector companies of Pakistan are participating in the Expo to conclude investments with the chinese companies. The companies include Oil and gas development company (OGDCL), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Fauji Fertilizer Company Limited (FFC), Thar Coal Energy Board Opening the discussion…

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NEPRA Imposes Rs10 Million Fine on IESCO for Failing to Ground Electrical Structures

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electricity price increased

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has levied a Rs10 million fine on the Islamabad Electric Supply Company (IESCO) for its failure to ensure proper earthing and grounding of high-tension and low-tension poles across its service area. In its ruling, NEPRA stated that after reviewing IESCO’s submissions, the company’s response to a show-cause notice was deemed unsatisfactory. The notice had been issued over IESCO’s inability to ensure 100% grounding of its electrical structures, violating NEPRA regulations. NEPRA has directed IESCO to ground all remaining steel structures within three…

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SNGPL Seeks Hike in Gas Transportation and Distribution Tariff for Private Companies

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oil and gas

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has proposed a significant increase in gas transportation and distribution tariffs for the fiscal year 2024-25. The company is requesting a hike of Rs184 per MMBTU for transportation and Rs614 per MMBTU for distribution, compared to the previous year, specifically for third-party private companies that use SNGPL’s infrastructure to supply gas to bulk consumers. During a hearing held by the Oil and Gas Regulatory Authority (OGRA) at Sui Southern Gas Company’s (SSGC) office, SNGPL’s CFO encouraged private sector participation in using the company’s…

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Senate Energy Committee Calls for Review of Bagasse Electricity Pricing Mechanism

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Power Tariff Reduction

ISLAMABAD: The Senate Energy Committee, chaired by Senator Mohsin Aziz, has highlighted significant discrepancies in the pricing of electricity generated from bagasse, citing the absence of a formal pricing mechanism. During the meeting, Senator Aziz questioned the wide range in bagasse valuations, with some plants pricing it at $356 per tonne and others as low as $75. The Chairman of the National Electric Power Regulatory Authority (NEPRA) acknowledged that despite the government introducing a framework for bagasse and biomass in 2013, a clear system for pricing bagasse is still lacking.…

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