Author: Admin

OGRA clarifies Brownfield Refinery Policy

Admin
OGRA

Islamabad. Apropos news items appearing in the press regarding ‘Brownfield Refinery Policy’ it is being clarified that numerous meetings have been held between Oil and Gas Regulatory Authority (OGRA), refineries and the representatives of Ministry of Energy, Petroleum Division. The Brownfield Refinery Policy required to be signed enabling the existing refineries to proceed with their projects to upgrade to produce Euro-V compliant fuels, which is a project of national strategic importance.It is pertinent to mention here that the final agreed draft of the agreement was shared with the Refineries on…

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OGDCL, KUFPEC partner to explore joint business opportunities and expertise sharing

Admin
KUFPEC

A senior level delegation from Kuwait Foreign Petroleum Exploration Company (KUFPEC), Kuwait, led by Mr. Tareq M. Ebrahim (EVP – Operations) and including Mr. Ali Taha Al-Temimi (Country Head – KUFPEC, Pakistan), Mr. Bader Al-Matar (Manager Asia Region), Mr. Nawwaf AlSalem (Manager Exploration), Mr. Khaled Al-Athainah (Manager Exploration, Pakistan) and Mr. Abdul Ghafoor (Sr. Specialist Geologist, Pakistan), visited OGDCL Head office today and met with Mr. Ahmed Hayat Lak MD / CEO along with senior management team of OGDCL. During the visit, an MOU has been signed between the two companies. The objective of…

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THE FUTURE SUMMIT 7th Edition-Discussing Challenges, Exploring Opportunities

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future-summit

Karachi, November 15, 2023: The 7th Edition of THE FUTURE SUMMIT (TFS) commenced with a full house at a local hotel in Karachi.THE FUTURE SUMMIT is co-hosted by Nutshell Group and HBL, and powered by Unity Foods Limited, in strategic partnership with the Overseas Investors Chamber of Commerce and Industry (OICCI) and CORPORATE PAKISTAN GROUP.The inaugural session showcased an impressive lineup of public and corporate leadership with Mohammad Ali, Caretaker Federal Minister for Energy, Power & Petroleum; Maj Gen Shahid Nazir, HI (M), Director General Strategic Projects, Pakistan Army; Farrukh…

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Younus Dagha for providing gas at cost to industries, ending cross-subsidization

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younus-dagha

KARACHI: Provincial Minister for Revenue, Industries and Commerce Muhammad Younus Dagha has said that worldwide gas tariff for industries is subsidized while the residential consumers are subjected to higher cost but unfortunately, in Pakistan, the industries are subsidizing all other sectors which is purely against international best practices.“Structural changes in consultation with business community are needed to rectify all issues in the energy sector so that the industries alone could not bear the burden of exorbitant gas tariff hikes. Cross-subsidization by raising tariff for industries and keeping it down for…

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Talks with Saudis on Reko Diq stake soon

Admin
Pakistan-Reko-Diq-mine

• Evaluation of mining project’s share price complete, says PC chief• Insists $70bn expected under SIFC based on ‘real offers’ from friendly countries• Defends military’s involvement in decision-making due to its ‘capabilities’ ISLAMABAD: Talks with Saudi Arabia on the sale of stakes in the multibillion-dollar Reko Diq gold and copper mine will begin soon, the head of the Planning Commission said on Tuesday, as a share-price evaluation of the project is now complete. Talking to the media, Dr Jehanzeb Khan stressed that the $70 billion foreign direct investment anticipated thro­ugh…

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