Author: Admin

Pakistan’s Oil Tanker ‘Karachi’ Safely Navigates Strait of Hormuz Amid Rising Tensions

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Pakistan’s oil tanker navigates Strait of Hormuz amid Iran tensions, to reach Karachi on March 17 A Pakistani oil tanker, ‘Karachi’, has crossed the Strait of Hormuz, a critical waterway for global energy supplies, amid escalating tensions between Iran and the US/Israel. The vessel, operated by Pakistan National Shipping Corporation, is expected to reach Karachi on March 17. According to Energy Update, the shipment was allowed to pass through the strait after payment was made in Chinese yuan, highlighting Pakistan’s diplomatic efforts. The tanker had loaded crude oil from Abu…

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Hormuz disruption could hit Pakistan’s exports, energy imports, FPCCI warns

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Pakistan’s exports

Business leaders say shipping surcharges, longer transit times and higher diesel prices threaten trade competitiveness and could strain forex reserves Pakistan’s business community has warned that escalating tensions in the Middle East and the disruption of shipping through the Strait of Hormuz could severely impact the country’s exports, energy imports and foreign exchange stability. In a statement issued on Monday, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh said the crisis had already unsettled global shipping markets after the outbreak of the Iran conflict in…

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LNG shortage may affect power sector gas supply in April, Senate told

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lng

Summary Pakistan may face LNG shortage after Apr 14, officials told a Senate panel. Middle East tensions have disrupted supplies, fuel prices surged, and gas to power sector has dropped from 300 to 130 MMCFD ISLAMABAD (Dunya News) – Liquefied natural gas (LNG) will not be available in the country after April 14, which may create difficulties in meeting the gas requirements of the power sector during April, official told it to the Senate Standing Committee on Petroleum. The committee meeting was held under the chairmanship of Senator Manzoor Ahmed,…

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Pakistan has 27-Day Petrol, 21-Day Diesel Stocks as Mideast crisis disrupts energy supply

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petrol-prices-1200.psd

Pakistan maintains 27 days of petrol and 21 days of diesel stocks despite disruptions from the Mideast crisis. The government is exploring alternative fuel imports. ISLAMABAD: Pakistan currently has petrol stocks sufficient for 27 days and diesel reserves for 21 days despite disruptions in global supply chains caused by the escalating Middle East conflict, Petroleum Secretary Hamed Yaqoob Sheikh told a parliamentary panel on Monday. Briefing the Senate Standing Committee on Petroleum, Sheikh said the country also had liquefied petroleum gas (LPG) reserves for nine days and aviation fuel (JP-1) stocks…

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No LNG Availability in the Country After April 14: Petroleum Secretary

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China-LNG

Islamabad: The Petroleum Secretary has announced that LNG will not be available in the country after April 14, which will result in the power sector’s gas requirements not being fully met in April. The announcement came during a meeting of the Senate Standing Committee on Petroleum, chaired by Senator Manzoor Ahmed, which reviewed petroleum product prices and availability across the country. During the briefing, the Petroleum Secretary stated that supply of petroleum products has been affected due to tensions in the Middle East. Pakistan imports nearly 70% of its petroleum…

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