Month: February 2025

Joint Venture Agreement with International Resource Holding Mining RSC Ltd (IRH) in Two Exploration Licenses in Chagai, Balochistan

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NTDC-House

Joint Venture Agreement with International Resource Holding Mining RSC Ltd (IRH) in Two Exploration Licenses in Chagai, Balochistan February 28, 2025 Islamabad, Pakistan – Feb 28, 2025 – Mari Energies Limited (formerly Mari Petroleum Company Limited), through its wholly owned subsidiary, Mari Minerals (Private) Limited (formerly Mari Mining Company (Pvt) Limited), is pleased to announce the signing of a Joint Venture Agreement (JVA) with IRH Mining RSC Ltd, Balochistan Mineral Resources Limited (BMRL) and the Government of Balochistan (GoB) for acquisition of 25% (less one share) interest in two Mineral Exploration Licenses,…

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SCADA-III project: achieves major milestone

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NTDC-House

SCADA-III project: achieves major milestone February 27, 2025 LAHORE: The National Transmission & Despatch Company (NTDC) has successfully achieved a milestone in the SCADA-III project with partial activation of the new Control Room and Supervisory Control and Data Acquisition (SCADA) system becoming partially live, installed at the National Power Control Centre (NPCC), Islamabad. The system was inaugurated by the Managing Director NTDC, Engr. Muhammad Waseem Younas and senior NTDC officers on Wednesday. Earlier, Chief Engineer SCADA-III, Engr. Sumair Memon briefed the management about the project. It was apprised that 75%…

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Russia extends gasoline export permits until end of Aug 2025, Ifax reports

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gasoline export

Russia extends gasoline export permits until end of Aug 2025, Ifax reports February 27, 2025 MOSCOW: The Russian government has decided to extend petrol export permits for producers until the end of August 2025, Russian news agency Interfax reported on Thursday. China’s April gasoline exports fall to lowest level since July 2015 on recovering domestic demand The government made the decision to maintain a stable situation in the domestic fuel market and support the oil refining economy, Interfax reported.

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Sindh Chief Minister Syed Murad Ali Shah, while presiding over a cabinet meeting, made several significant decisions, including the procurement of 1,000 pink electric motorcycles for women, the acquisition of double-decker buses and electric vehicles (EVs) for the city, and the immediate improvement of Keejhar Lake and the KB Feeder to provide water for the K-IV project. Additionally, he allowed Dow to establish a company to manufacture anti-snake and anti-rabies vaccines.

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pink electric motorcycles

he meeting, held on Thursday at CM House, was attended by provincial ministers, advisors, special assistants, the Chief Secretary, and relevant secretaries. Pink Electric Motorcycles for Women: The cabinet was informed that the Transport and Sindh Mass Transit Authority (T&MTD) plans to launch a program aimed at enhancing female mobility through sustainable transportation. This initiative will introduce approximately 1,000 electric motorcycles for women, which will be allocated through an open and transparent balloting process. The initiative requires Rs 300 million to be obtained outside the budget. The cabinet noted that…

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IEA says Europe should replace Russian LNG with Qatari supply from 2027

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LNG

LONDON: European countries should consider replacing liquefied natural gas (LNG) imports from Russia with other sources beginning in 2027, the International Energy Agency director said on Tuesday. Fatih Birol was speaking at the International Energy Week conference in London. “Europe has been importing a lot of Russian LNG to help its economies,” he said. “It may be high time to replace this with LNG from Qatari and other sources from 2027,” Birol added. The global LNG market is expected to remain tight until 2027, when a wave of new projects…

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