Category: Highlights

OCAC urges OGRA to thoroughly probe into unnecessary HSD imports to ensure oil industry’s survival

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OGRA

The Oil Companies Advisory Council (OCAC) has urged the Oil and Gas Regulatory Authority (OGRA) to thoroughly investigate the issue of unjust and unnecessary imports of High-Speed Diesel to ensure the survival of Pakistan’s petroleum industry.The demand to this effect is contained in a recent letter sent by the OCAC Chairman, Adil Khattak, to the OGRA Chairman.The OCAC Chairman informed the OGRA chief in the letter that the unjustified HSD imports by an Oil Marketing Company, which started at 15,000 MT per month have alarmingly increased to 40,000 MT per…

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Sindh Holds Workshop to Discuss 500 MW Floating Solar Power Project at Keenjhar Lake

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Solar-group

KARACHI: The Sindh Energy Department, in collaboration with the United Nations Development Programme (UNDP) and the United Nations Department of Economic & Social Affairs (UN DESA), hosted a stakeholder engagement workshop on Thursday to deliberate on the 500 MW Floating Solar Power Project at Keenjhar Lake in Thatta district. Held at a hotel in Karachi, the workshop is part of broader efforts to attract private sector investments through feasibility studies, investor matchmaking, and presentations at the SDGs Investment Fair. Key participants included representatives from various government departments such as energy,…

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Conference on climate change, food security

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AWWA-2024

Fast conversion of farmlands near cities into housing societies gravely endangers Pakistan’s food security: Sindh Environment Minister Karachi: Sindh Environment Minister, Dost Muhammad Rahimoon, has said the fast diminishing farmlands near urban centres due to their conversion into gated housing societies has posed serious threats to Pakistan’s food security.The environment minister stated this while speaking as the chief guest at a conference on the nexus between climate change and threatened food security in the world organised by the National Forum for Environment and Health (NFEH).He said the floods of 2022,…

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Senate Panel Urges Study on Regional Power Rates

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senate

ISLAMABAD: The Senate Standing Committee on Power has called on the government to conduct a comparative analysis of electricity tariffs in neighboring and regional countries, highlighting the unaffordability of current power bills for the average Pakistani. Committee chairman Senator Mohsin Aziz emphasized the urgent need to address issues with independent power producers (IPPs), which have become a significant financial burden. He noted that the prolonged challenges associated with IPPs have left citizens struggling with high electricity rates, prompting industries to contemplate shutdowns. The committee also discussed the critical issue of…

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Total Energies to Sell 50% Stake in Pakistani Subsidiary to Gunvor Group

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total-energies

French oil major TotalEnergies has announced the sale of its 50% stake in Total Parco Pakistan Limited (TPPL) to global commodities trader Gunvor Group. This joint venture between TotalEnergies and Pak-Arab Refinery Limited (Parco) operates over 800 service stations in Pakistan and is involved in fuel logistics and lubricants. TotalEnergies stated that the transaction, pending regulatory approvals, aligns with its strategy to focus on “core geographies with growth and transitioning opportunities.” The new entity will continue operating under the Total Parco brand for retail and the Total brand for lubricants…

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