Author: Admin

PRL announces highest ever production, sales of petroleum products

Admin
PRL-eyes

KARACHI: Pakistan Refinery Limited (PRL) has recorded highest ever production and sales of petroleum products in the month of September on the back of its refinery expansion and upgrade project and remarkable diesel sales of over 82,000 tonnes. “With its ongoing refinery expansion and upgrade project (REUP) at the forefront, PRL set new records in production and sales, propelling the company towards a thriving future,” stated the information shared by PRL with The News. In September 2023, PRL achieved an unprecedented average feed rate of 5,340 tonnes, demonstrating operational excellence…

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Mari Petroleum successfully drills appraisal well in Sindh

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Mari-Petroleum

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, has successfully drilled and tested the appraisal well Mari Ghazij-l, located in Mari D&PL, Sindh. The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. Back in January, the E&P company discovered gas at its exploratory well Mari Ghazij-l, located in Mari D&PL. “As part of the appraisal plan of the discovery, MARI has successfully drilled and tested the appraisal well Mari Ghazij-2 in Mari D&PL area,” the company shared in…

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CCOE likely to curtail free power facility

Admin
free-power

ISLAMABAD: The cabinet committee on energy (CCoE) will today (Tuesday) do away with the free electricity units allotted to officers of 17-21 grades in electric power distribution companies (DISCOs), Generation Companies (GENCOs), Wapda Hydel Company, NTDC, and PITC and save Rs6 billion annually. However, the employees up to grade 16 will continue to have the facility of free electricity. Nonetheless, the free units allotted to 17-21 grade officials will be monetized. The monetization has been fixed to the amounts and there will be no change even if the power rates…

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KCCI be taken on board to finalize industrial electricity tariff on incremental consumption Gas tariff should be cost-based, cross-subsidization be discontinued: President KCCI

Admin
KCCI-Import

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while welcoming federal government’s willingness to provide cheaper electricity to industries on incremental consumption basis for four months under winter package, urged the government to take KCCI on board for finalizing industrial tariffs based on the cost of service to tackle the issue of cross subsidy for domestic users which is eroding competitiveness of exports.While referring to discussions with Federal Secretary, Ministry of Energy (Power Division) Rashid Mehmood Langrial during his last visit to KCCI, President KCCI said…

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Cheap power during winter months: Package for industry on the cards

Admin
Power-control

ISLAMABAD: The federal government is working on a four-month “winter package” for industry on incremental consumption basis aimed at providing cheap electricity during the winter months, which will not only improve industrial growth but also reduce burden of capacity payment of power plants, well informed sources told Business Recorder. The winter package will be applicable across the country including K-Electric jurisdiction, after formal approval of the federal cabinet and International Monetary Fund (IMF). The impact of incremental package will be around Rs 25 billion but the key question remains: who would…

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