Author: Admin

Kohat Demands Oil and Gas Royalties as PTI MPAs Stage Assembly Walkout

Admin
oil-and-gas

PESHAWAR: In a rare display of dissent, members of the treasury benches in the Khyber-Pakhtunkhwa (K-P) Assembly staged a symbolic walkout during Monday’s session, protesting the non-payment of oil and gas royalties owed to the Kohat region. Raising the issue on a point of order, Kohat MPA Dawood Shah highlighted the division’s annual oil and gas production capacity of Rs400 billion. Despite this significant contribution, Shah lamented the absence of an oil refinery or marketing company in the region, along with the persistent lack of clean water. “In my constituency,…

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Chinese business delegation explores investment opportunities in Sindh

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China-Pak

KARACHI (Dec 9): A 15-member Chinese business delegation met with Sindh Chief Minister Syed Murad Ali Shah to explore investment opportunities in the province’s various sectors. The meeting highlighted the potential for collaboration in agriculture, renewable energy, livestock, and industrial production. The meeting was held at the CM House and was attended by provincial ministers Sharjeel Memon and Nasir Shah, as well as other officials, including Syed Qasim Naveed, Secretary to the Chief Minister Rahim Shaikh, and Khurram Shahzad, Secretary of Investment. The Chinese delegation included representatives from nine medical…

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Oil Prices Rise Amid Middle East Uncertainty Following Assad’s Ouster

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Oil prices

TOKYO/SINGAPORE: Oil prices edged higher on Monday as the fall of Syrian President Bashar al-Assad’s regime added new geopolitical uncertainty to the Middle East. However, gains were tempered by concerns over weakening global demand and a soft economic outlook for 2025. Brent crude futures rose by 36 cents, or 0.51%, to $71.48 per barrel, while U.S. West Texas Intermediate (WTI) crude futures increased by 38 cents, or 0.57%, to $67.58 per barrel by 0513 GMT. The ousting of Assad, announced by Syrian rebels on state television, ended a 50-year family…

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Qatar Unconcerned by U.S. LNG Export Expansion Plans, Says Energy Minister

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LNG-import

DOHA: Qatar’s Energy Minister, Saad al-Kaabi, expressed confidence in Qatar’s ability to handle competition following U.S. President-elect Donald Trump’s pledge to lift caps on liquefied natural gas (LNG) exports. Speaking at the Doha Forum, Kaabi, also the CEO of state-owned QatarEnergy, highlighted that U.S. LNG projects are driven by private enterprises that assess commercial viability. “Even if the U.S. plans to export an additional 300 to 500 million tons of LNG, these projects are commercially driven,” Kaabi stated. He added that long-term energy projects often transcend government changes, while noting…

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