Author: Admin

Oil Industry Rejects Rapid Digital Integration Drive Without Cost-Recovery Mechanism

Admin
New-Project60

ISLAMABAD: Pakistan’s oil industry has firmly opposed the unilateral enforcement of a 6–12 month deadline for complete digital integration of more than 32,000 ground tanks, depots, oil tankers, and petrol pumps nationwide, citing the absence of a viable mechanism to recover an estimated Rs55 billion implementation cost. In a formal communication to the Oil & Gas Regulatory Authority (Ogra) and the Petroleum Division, the Oil Companies’ Advisory Council (OCAC)—representing over three dozen oil firms and refineries—flagged serious technical and financial hurdles, terming the regulator’s directives “dictatorial” and unworkable within the…

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PPL Advances Pakistan–Türkiye Strategic Energy Partnership with Landmark Offshore Agreement

Admin
New-Project58

KARACHI, December 4, 2025: Pakistan Petroleum Limited (PPL) has formalized a major step in strengthening Pakistan–Türkiye energy cooperation with the signing of the Assignment Agreement for the Eastern Offshore Indus Block C. The milestone agreement signals a new chapter in bilateral collaboration and offshore hydrocarbon exploration. The ceremony, held on December 2 in Islamabad, was witnessed by Honourable Prime Minister Muhammad Shehbaz Sharif, Türkiye’s Minister for Energy and Natural Resources Alparslan Bayraktar, Pakistan’s Federal Minister for Petroleum Ali Pervaiz Malik, along with senior government officials and industry leaders. PPL’s MD…

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LONGi Enters Energy Storage Market, Redefining Industry Standards with “Ultimate Safety”

Admin

London, England–On November 26, a grand launch event for LONGi’s energy storage solutions was held in London. Dennis She, Vice President of LONGi, comprehensively outlined the company’s global energy storage strategy for the first time and introduced the LONGi Energy Storage One-Stop Solution. This marks LONGi’s strategic evolution from a global photovoltaic leader to an integrated “Solar-Storage-Hydrogen” comprehensive energy solution provider. The milestone was witnessed by global energy experts, representatives from investment institutions, media, and industry analysts. From “Solar” to “Solar-Storage-Hydrogen”: Building a “Stability Triangle” Energy Framework Addressing the challenge…

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Hydrocarbon exploration and production: Turkiye’s TPAO signs deals with Pakistani companies

Admin
hydrocarbon

ANKARA: Turkiye’s state oil company TPAO signed hydrocarbon exploration and production agreements with Pakistani companies including Mari Energy, Fatima, OGDCL, PPL, Prime and GHDL for three offshore and two onshore fields in Pakistan, the Turkish Energy Ministry said on Tuesday. The agreements were signed during Turkish Energy Minister Alparslan Bayraktar’s visit to Pakistan, the ministry said. “Our aim is to start work in these fields within 2026. We want to carry out these activities with seismic surveys in some areas and direct drilling in others,” Bayraktar was quoted as saying…

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Kyrgyz President due today: MoU on energy cooperation to be signed

Admin
Kyrgyz President

ISLAMABAD: Pakistan and Kyrgyzstan are all set to sign Memorandum of Understanding (MoU) on cooperation in energy during the two-day visit of Kyrgyz President Sadyr Nurgojo uulu Japarov starting from Wednesday (Dec 3), well-informed sources told Business Recorder. The ministers of the two countries will sign the pact aimed at enhancing bilateral cooperation in power sector. On November 29, 2205, the federal cabinet approved a summary of Power Division titled “MoU between the Ministry of Energy of the Kyrgyz Republic and the Ministry of Energy of Pakistan in the field…

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