Author: Admin

Petroleum Minister Ali Pervaiz Malik Welcomes Britains Support for Capacity Building in Petroleum Sector

Admin
New-Project59

Minister for Petroleum, Mr. Ali Pervaiz Malik, held a productive meeting with Ms. Joe Moir, Development Director of the British High Commission in Islamabad, to discuss bilateral energy collaboration and cooperation opportunities in Pakistan’s petroleum sector. The meeting, held at the Ministry of Petroleum, focused on enhancing UK-Pakistan partnerships in oil, gas, and energy sectors. Both sides emphasized the importance of sustainable energy development, technological exchange, and British cooperation in Pakistan’s energy infrastructure. Minister Malik highlighted the government’s commitment to improving energy security and efficiency while welcoming British expertise in…

Read More

OGDCL Targets 2027 for Production in ADNOC’s Offshore Block-5, Eyes Expansion in Minerals

Admin

ISLAMABAD, April 10, 2025: Pakistan’s state-run Oil and Gas Development Company Limited (OGDCL) plans to commence production from Abu Dhabi’s Offshore Block-5 by 2027, marking a major step in its international expansion, said CEO Ahmed Hayat Lak on Wednesday. Speaking on the sidelines of the Pakistan Minerals Investment Forum 2025, Lak stated that while reserves in the ADNOC-partnered block are still under evaluation, the company anticipates production within two years. Domestically, OGDCL aims to ramp up its oil production from 37,000 to over 50,000 barrels per day and increase gas…

Read More

Fuel Prices in Pakistan May Drop by Up to Rs12 Amid Falling Global Oil Rates

Admin
Fuel-Price

Islamabad, April 10, 2025: Consumers in Pakistan could soon see a significant drop in fuel prices, with a potential reduction of up to Rs12 per litre in petrol and diesel, following a sharp decline in global crude oil prices, according to sources in the Petroleum Division. Brent crude oil has experienced a steep fall over the past week, currently trading at $60.12 per barrel—down from $74.74 on March 31. Although prices briefly rose to $74.95 on April 1 and 2, they have since plummeted by more than $14 per barrel.…

Read More

NEPRA Recommends Immediate Removal of IESCO CEO Over Poor Performance

Admin
New-NEPRA

Islamabad, April 10, 2025: The National Electric Power Regulatory Authority (NEPRA) has strongly recommended the immediate removal of Naeem Jan, Chief Executive Officer of Islamabad Electric Supply Company (IESCO), citing unsatisfactory performance. The recommendation was made by NEPRA Member (Technical) Rafique Ahmad Shaikh during a public hearing on IESCO’s request for adjustments related to the multi-year tariff (MYT) components for the financial year 2025-26. The hearing also covered proposed changes to end-consumer tariffs. Shaikh expressed deep dissatisfaction with the CEO’s performance, noting that the company had failed to present a…

Read More

Kazakhstan to Join TAPI Gas Pipeline Project, Strengthen Scientific and Economic Ties with Pakistan

Admin
TAPI-gas

Islamabad, April 10, 2025: Kazakhstan is poised to formally join the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, marking a significant step forward in regional energy integration and cooperation. The development was shared by the Kazakh Ambassador during a meeting with Pakistan’s Federal Minister for Science and Technology, Khalid Hussain Magsi, held in Islamabad on Tuesday. The meeting underscored a shared commitment to bolstering bilateral relations, particularly in education, science, and technology. Minister Magsi announced that several Memorandums of Understanding (MoUs) are being finalized to strengthen collaboration in the education sector. Kazakhstan…

Read More