Author: Admin

### **Turkiye, Iraq Extend Key Oil Pipeline Agreement for One Year**

Admin
New-Project276

  **ISTANBUL:** Turkiye and Iraq have agreed to extend their long-standing oil pipeline agreement by **one year**, ensuring the continued operation of a key export route for Iraqi crude while both countries work toward a broader long-term energy partnership. The agreement was finalised during a meeting in Ankara between Turkish Energy Minister **Alparslan Bayraktar** and Iraqi Oil Minister **Bassem Mohammed Khudair**, shortly after the visit of Iraqi Prime Minister **Ali al-Zaidi**. Announcing the development on X, Bayraktar described the talks as productive and confirmed that the interim arrangement would maintain…

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### **Nepra Member Flags Inconsistencies in Rs332bn National Grid Revenue Approval**

Admin
Nepra-KE-1

  **ISLAMABAD:** A member of the National Electric Power Regulatory Authority (Nepra) has raised concerns over accounting and regulatory inconsistencies in the regulator’s approval of the National Grid Company’s (NGC) Rs332 billion revenue requirement, warning that the methodology understates the company’s equity and allowable return. In a detailed dissenting note to Nepra’s recent 2-1 majority decision, Member (Tariff & Finance) Amina Ahmed questioned the treatment of more than Rs19 billion payable to the Central Power Purchasing Agency (CPPA), describing it as a “mirror image” liability linked to corresponding receivables that…

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### **Iranian Oil Smuggling into Pakistan Falls 60%, Industry Sources Claim**

Admin
iranian-diesel

  **KARACHI:** The flow of smuggled Iranian petroleum products into Pakistan has declined by an estimated **60%** over the past six weeks after multiple oil tankers were reportedly destroyed in Balochistan, causing significant losses to smuggling networks, according to industry sources. Oil sector stakeholders have long urged authorities to curb the illegal trade, which has persisted for years. However, smuggling reportedly surged following the **US-Israeli conflict with Iran**, when global crude oil prices climbed above **$100 per barrel**, increasing demand for cheaper fuel. Industry sources claimed that **at least six…

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**Huawei Showcases Next-Generation Digital Energy Solutions at Pakistan Partner Summit 2026**

Admin
New-Project275

  **LAHORE:** **Huawei Digital Power** has unveiled its latest generation of digital energy and smart infrastructure solutions in Pakistan, reaffirming its commitment to supporting the country’s digital transformation and sustainable energy transition. The company showcased its latest innovations during the **Huawei Digital Power Pakistan Ecosystem Partner Summit & Innovative Product Launch 2026** in Lahore, bringing together customers, business partners and industry stakeholders to explore emerging technologies in smart energy, digital infrastructure and electric mobility. Addressing the summit, **Alex Xing**, President of Huawei Digital Power Middle East & Central Asia, emphasized…

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**Government May Restore Targeted Fuel Subsidy if Middle East Crisis Deepens**

Admin
Petrol-price

  **ISLAMABAD:** The federal government has indicated that it may reintroduce a targeted fuel subsidy programme within the next few days, with financial support from provincial governments, if renewed tensions in the Middle East continue to push international oil prices higher. Speaking to journalists after a meeting of the Senate Standing Committee on Petroleum on Thursday, Petroleum Minister **Ali Pervaiz Malik** said the government was prepared to revive the targeted subsidy mechanism previously used to shield vulnerable consumers from sharp fuel price increases. “If the current situation does not improve…

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