The government has been urged to grant an exemption to Pakistan International Container Terminal (PICT) to handle cargo for the Reko Diq project without undergoing a competitive bidding process. According to a report, this exemption is crucial for ensuring timely and efficient handling of project cargo. Key Points: Potential Benefits:
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China’s energy companies, ENN Natural Gas (ENN) and Zhenhua Oil, have signed liquefied natural gas (LNG) deals with Abu Dhabi National Oil Company (ADNOC). This agreement marks a significant development in the energy cooperation between China and the United Arab Emirates. Key Highlights: Potential Implications:
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Oil prices have declined following reports of progress in talks between the US and Iran, easing concerns about potential supply disruptions. The development has had a significant impact on global oil markets. Key Factors: Market Impact:
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Sui Northern Gas Pipelines Limited (SNGPL) has approached the Lahore High Court (LHC), contesting the Oil and Gas Regulatory Authority‘s (OGRA) methodology for calculating the Return on Assets (ROA). This development highlights the ongoing disputes between SNGPL and OGRA regarding gas pricing and regulatory frameworks. Key Issues: Potential Implications: Story by Wasim Iqbal
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KARACHI: Gas and Oil Pakistan Limited (GO), partly owned by Saudi oil giant Aramco, has appealed to Prime Minister Shehbaz Sharif to review the performance of Oil and Gas Regulatory Authority (OGRA) Chairperson Masroor Khan, citing ineffective leadership and growing instability in the sector. In a formal letter to the Prime Minister’s Office, GO expressed serious concerns over OGRA’s handling of key industry issues. Despite Chairperson Khan’s background in the energy sector, the company alleged that his tenure has delivered limited progress on vital regulatory matters. “Repeated meetings have failed…
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