SINGAPORE: China’s November crude oil imports rose 14.3% from a year earlier to 48.52 million metric tons, customs data showed on Tuesday. Oil prices rise on Chinese data China’s January-November crude oil imports were down 1.9% at 506 million metric tons, according to the General Administration of Customs data.
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He reiterated his commitment to mass deportations of undocumented immigrants, including millions over the next four years, beginning with convicted criminals. Trump also emphasized his intent to end birthright citizenship, a move he plans to pursue through executive action. He vowed pardons for individuals convicted in the January 6 at*ack, describing their prison conditions as h@rsh. Trump also intends to extend tax cuts, address healthcare, and consider raising the federal minimum wage. Despite maintaining his claims of election fr@ud, he expressed a desire to focus on the future rather than…
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ISLAMABAD: Pakistan is actively pursuing two financial avenues to address its energy needs: securing syndicate financing from the Islamic Development Bank (IsDB) and attempting to revive the Saudi Oil Facility (SOF), which has faced delays despite extensive diplomatic efforts. Prime Minister Shehbaz Sharif has made several visits to Saudi Arabia since taking office, yet the SOF remains unfinalized. Pakistan hopes to convince Riyadh to extend the SOF for 12 months, beginning in January or February 2025. Simultaneously, Islamabad plans to formally request the International Islamic Trade Finance Corporation (ITFC), a…
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LONDON: The Organization of the Petroleum Exporting Countries (OPEC) is poised to re-elect Haitham al-Ghais of Kuwait for a second three-year term as Secretary General during a virtual meeting on December 10, according to four group delegates. The meeting, scheduled to begin at 12:30 GMT, is expected to focus solely on administrative matters and conclude quickly, one source noted. Al-Ghais, who assumed the role in January 2022, succeeded Nigeria’s Mohammad Barkindo as the head of OPEC. The organization has yet to comment on the upcoming decision. Al-Ghais’s leadership has been…
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ISLAMABAD: Herbin Electric International Company Limited (HEICL), the Chinese OEM and EPC contractor for Thermal Power Station (TPS) Guddu, has raised objections to the new tender process for rehabilitating Steam Turbine (ST)-16. In a letter to CPGCL’s Chief Operating Officer, HEICL’s Senior Manager for Customer Services expressed gratitude for attending an online meeting on November 27, 2024, but voiced concerns over the absence of NESPAK and GHCL representatives. The company had initially planned to discuss bid clarifications in person but cited security concerns in Pakistan as the reason for opting…
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