Author: Admin

RIYADH: Saudi Arabia temporarily suspended operations on a crucial oil pipeline after drones launched from Iraqi territory targeted the facility, causing injuries and damage, Saudi authorities said on Friday. The East-West pipeline, which connects Abqaiq in eastern Saudi Arabia with the Red Sea port of Yanbu, has become increasingly important as Riyadh seeks to bypass disruptions to shipping through the Strait of Hormuz amid the ongoing regional conflict. Saudi Arabia’s Foreign Ministry condemned the attack, saying several drones originating from Iraq targeted the pipeline in the Riyadh and Madinah regions.…

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DHAKA: Bangladesh plans to expand its liquefied natural gas (LNG) import infrastructure with two new terminals by 2030 to meet growing demand for the fuel, a senior government official said. State Minister for Power, Energy and Mineral Resources Anindya Islam Amit said Bangladesh plans to commission a new floating storage and regasification unit (FSRU) by 2028 and develop a land-based LNG import terminal at Matarbari by 2030. The new FSRU, planned for Moheshkhali Island in Cox’s Bazar, will have a regasification capacity of around 600 million cubic feet per day…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved the Integrated System Plan (ISP) 2025, envisaging an investment of around $58 billion in the power generation and transmission sectors over the next 11 years, despite serious reservations from the regulator’s members. Nepra approved the 2025-35 planning document in a 45-page decision, while all three members of the Authority, including the chairman, recorded more than 12 pages of dissenting or separate advisory notes. The members raised questions over the inclusion and exclusion of major projects and the alleged bypassing of…

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ISLAMABAD: China Three Gorges South Asia Investment Ltd (CSAIL) has expressed appreciation to the Special Investment Facilitation Council (SIFC) for its support in resolving the long-pending issue concerning reimbursement of the feasibility study cost of the 135MW Taunsa Hydropower Project in Punjab. According to a testimonial issued on behalf of CSAIL, SIFC played a key role in facilitating the resolution of the matter through proactive engagement and effective coordination among relevant federal and provincial stakeholders. Liu Yonggang, Assistant Chief Executive Officer of China Three Gorges South Asia Investment Ltd, said…

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