Year: 2025

Egypt Inks $340m Oil and Gas Exploration Deals

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New-oil

CAIRO: Egypt has signed four agreements with international energy firms worth over $340 million to boost oil and gas exploration in the Mediterranean and Nile Delta, the Petroleum Ministry announced on Saturday. The deals, signed by state-owned Egyptian Natural Gas Holding Company (EGAS), include the drilling of 10 wells as part of efforts to strengthen exploration and production. The ministry noted that Egypt, once a key regional exporter, has increasingly relied on imports due to declining output from ageing fields and limited investment in new projects. Gas production in May…

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PM Shehbaz Reaffirms Respect for Sovereignty at SCO Summit in China

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New-Project1

Prime Minister Shehbaz Sharif, addressing the Shanghai Cooperation Organisation (SCO) Council of Heads of State summit in Tianjin, China, on Monday, reaffirmed Pakistan’s respect for the sovereignty and integrity of all SCO members and its neighbours. Highlighting Pakistan’s commitment to dialogue, diplomacy, and multilateralism, the premier stressed the importance of honouring international and bilateral treaties, indirectly referring to India’s suspension of the Indus Waters Treaty. He underscored that uninterrupted access to shared water resources was vital for regional peace and prosperity. PM Shehbaz reiterated Pakistan’s desire for stable relations with…

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Ogra Cuts LPG Price by 0.54pc for September

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OGRA

The Oil and Gas Regulatory Authority (Ogra) on Sunday announced a reduction in the price of liquefied petroleum gas (LPG), setting it at Rs214.19 per kilogram for September. This marks a decrease of Rs1.18 per kg from last month’s rate of Rs215.37. Accordingly, the price of an 11.8kg domestic cylinder has been revised to Rs2,527.47, down by Rs13.89 compared to August. Ogra noted that the adjustment reflects a 0.54 per cent decline, effective from September 1. The authority explained that LPG producer prices are linked with the Saudi Aramco-CP and…

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Petrol Price Unchanged, Diesel Reduced by Rs3 Per Litre

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Oil-Price

The Finance Division announced on Sunday that petrol prices will remain unchanged, while the price of high-speed diesel (HSD) has been reduced by Rs3 per litre for the next fortnight. According to the notification, the new price of HSD stands at Rs269.99 per litre, while petrol remains at Rs264.61, the same as mid-August. Meanwhile, the prices of superior kerosene oil and light diesel oil have been cut by Rs1.46 and Rs2.40 per litre, respectively. Petrol, commonly used in private cars, motorcycles, and rickshaws, directly affects middle- and lower-income households, while…

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Green energy illuminates the Silk Road, and LONGi contributes to a low-carbon future for SCO (Shanghai Cooperation Organization) member states

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New-Project6

LONGi has actively participated in the energy transition of SCO countries, with several landmark projects already completed and operational. Since the Astana Summit of the Shanghai Cooperation Organization (hereinafter referred to as “SCO”) in July 2024, China has officially assumed the rotating chairmanship and will host the Heads of State Summit in Tianjin from August 31 to September 1, 2025. During this period, LONGi has actively promoted the “Belt and Road Initiative” and the principles of global sustainable development by engaging in extensive and in-depth energy cooperation with numerous member…

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