Author: Admin

Pakistan to Share Comprehensive Wish List of Projects with Chinese PM for Second Phase of CPEC

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CPEC-IPPs

ISLAMABAD: Pakistan has finalized a comprehensive wish list of over six dozen projects across various sectors for Chinese cooperation under the second phase of the China-Pakistan Economic Corridor (CPEC). The list is set to be shared with the Chinese Prime Minister during a key meeting next month, according to sources from the Ministry of Planning, Development, and Special Initiatives. Following the successful completion of CPEC’s first phase, the initiative has now transitioned into its second phase, which focuses on five key corridors: growth, innovation, green development, livelihood enhancement, and regional…

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OGDCL Signs MOU with China’s CCDC for Shale and Tight Gas Development

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China-OGDCL

In a significant move aimed at addressing Pakistan’s energy needs, the Oil and Gas Development Company Limited (OGDCL) has signed a Memorandum of Understanding (MOU) with China’s CCDC, a leading player in drilling and upstream oil field services. The agreement focuses on exploring Pakistan’s shale and tight gas potential, utilizing indigenous resources to meet the country’s growing energy demands. The MOU was signed by OGDCL’s Executive Director (Production), Mr. Mumtaz Ali Soomro, and CCDC’s Vice President, Mr. Zhang Zhidong, during the 8th Silk Road International Exposition in Xi’an, China. Pakistan…

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Federal Minister for Petroleum Dr Musadik Malik witnessed the MOU signing ceremony between OGDCL and Chinese CCDC

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Petroleum

In a significant development , during the ongoing 8th Silk Road International Expo for investment and trade forum in Xian , Shaaxi province China, an MOU is signed between OGDCL the flagship E&P company of Pakistan and CCDC , the major player in Drilling and upstream Oil field Services of People’s Republic of China The MOU underscores commitment of both the brotherly countries for the development of Shale and tight gas potential of Pakistan with an aim to alleviate energy needs of the country through indigenous resources.Mr. Mumtaz Ali Soomro…

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Xian China : September 21,2024

Admin

Federal Minister for Petroleum Dr Musadik Malik holds round table meetings with Chinese companies Federal Minister for Petroleum Dr Musadik Malik held round table meetings with Chinese companies at Pakistan pavilion set up at the 8th Silk Route Expo in Xian, China. Leading Petroleum sector companies of Pakistan are participating in the Expo to conclude investments with the chinese companies. The companies include Oil and gas development company (OGDCL), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Fauji Fertilizer Company Limited (FFC), Thar Coal Energy Board Opening the discussion…

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NEPRA Imposes Rs10 Million Fine on IESCO for Failing to Ground Electrical Structures

Admin
electricity price increased

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has levied a Rs10 million fine on the Islamabad Electric Supply Company (IESCO) for its failure to ensure proper earthing and grounding of high-tension and low-tension poles across its service area. In its ruling, NEPRA stated that after reviewing IESCO’s submissions, the company’s response to a show-cause notice was deemed unsatisfactory. The notice had been issued over IESCO’s inability to ensure 100% grounding of its electrical structures, violating NEPRA regulations. NEPRA has directed IESCO to ground all remaining steel structures within three…

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