Day: September 23, 2024

YanChang Petroleum Eyes Entry into Pakistan’s Energy Market

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New-Project

ISLAMABAD: Pakistan’s Federal Minister for Petroleum, Dr. Musadik Malik, visited YanChang Petroleum, a prominent Chinese energy company, during the 8th Silk Road Expo to explore potential collaboration in the energy sector. This visit emphasized the commitment of both Pakistan and China to strengthen strategic partnerships in energy exploration, innovation, and sustainable development. Dr. Malik was welcomed by YanChang Petroleum’s senior leadership, who provided insights into the company’s diverse portfolio, which includes oil and gas exploration, refining, pipeline management, and advanced chemical production. Key discussions centered on oil and gas exploration,…

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KPT&GC to Begin Power Transmission to Industries, Boosting KP’s Energy Sector

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power-sector

PESHAWAR: Khyber Pakhtunkhwa Transmission and Grid Company (KPT&GC) is set to make history by transmitting affordable electricity to industries, generated from completed projects of the Pakhtunkhwa Energy Development Organization (PEDO). This marks a significant step in the province’s energy development. Speaking during a meeting with AHI Corporation’s delegation, led by Hasan Zahiddin, Secretary Energy and Power, Nisar Ahmad Khan, emphasized the importance of the energy sector in stabilizing the economy. He highlighted that private sector investment and efficient utilization of energy resources can further bolster economic growth. The meeting, attended…

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Pakistan to Share Comprehensive Wish List of Projects with Chinese PM for Second Phase of CPEC

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CPEC-IPPs

ISLAMABAD: Pakistan has finalized a comprehensive wish list of over six dozen projects across various sectors for Chinese cooperation under the second phase of the China-Pakistan Economic Corridor (CPEC). The list is set to be shared with the Chinese Prime Minister during a key meeting next month, according to sources from the Ministry of Planning, Development, and Special Initiatives. Following the successful completion of CPEC’s first phase, the initiative has now transitioned into its second phase, which focuses on five key corridors: growth, innovation, green development, livelihood enhancement, and regional…

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OGDCL Signs MOU with China’s CCDC for Shale and Tight Gas Development

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China-OGDCL

In a significant move aimed at addressing Pakistan’s energy needs, the Oil and Gas Development Company Limited (OGDCL) has signed a Memorandum of Understanding (MOU) with China’s CCDC, a leading player in drilling and upstream oil field services. The agreement focuses on exploring Pakistan’s shale and tight gas potential, utilizing indigenous resources to meet the country’s growing energy demands. The MOU was signed by OGDCL’s Executive Director (Production), Mr. Mumtaz Ali Soomro, and CCDC’s Vice President, Mr. Zhang Zhidong, during the 8th Silk Road International Exposition in Xi’an, China. Pakistan…

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