Category: Highlights

MPCL Addresses National Energy and Food Security with Ghazij Appraisal Success

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mari-petrolium

Mari Petroleum Company Limited (MPCL) announces the successful completion of the appraisal program for Ghazij gas discovery, a significant stride towards addressing Pakistan’s energy needs and enhancing food security.Discovered in January 2023 within the Mari Development and Production Lease area, the Ghazij gas field has unlocked new hydrocarbon opportunities in the mature basins. MPCL’s fast track appraisal campaign, which included drilling of four appraisal wells, has confirmed the field’s potential.All five gas wells (one exploratory and four appraisal) are now connected to the SNGPL network, delivering approximately 30 MMSCFD of…

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Solis Certified Installer Program Training in Pakistan: Empowering Solar Professionals Across the Nation

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Faisalabad, Pakistan – July 22, 2024 – Solis is proud to announce the successful completion of the first two training sessions of the Solis Certified Installer Program Training in Pakistan. Held on July 19th Gujranwala, July 20th Lahore and July 22nd Faisalabad these initial sessions marked the beginning of a comprehensive series of training events aimed at empowering solar professionals across the country. The Solis Certified Installer Program is designed to equip installers with the knowledge and skills necessary to effectively implement Solis’ innovative solar solutions. Participants in the program…

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Transforming Pakistan’s Power Sector: Operationalising a Competitive Wholesale Electricity

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power-sector

The power sector’s transition from vertically integrated utilities (VIUs) to a competitive market structure has been a global trend since the 1980s, aimed at enhancing competition, efficiency, liquidity, reducing costs, and improving service quality. In the context of the Government of Pakistan (GoP), several challenges have hindered this transition since three decades.

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OGRA TAKES ACTION AGAINST MIXING OF CO2 WITH LPG

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Islamabad: The Oil and Gas Regulatory Authority (OGRA) has taken serious note of the issue of mixing carbon dioxide (CO2) with liquefied petroleum gas (LPG) by illegal decanters. In response, OGRA conducted a high-profile meeting chaired by Mr. Masroor Khan, Chairman OGRA, along with authority members, enforcement, legal, and LPG teams. The meeting addressed the potential life risks associated with this dangerous practice and urged provincial Chief Secretaries, the Attorney General, and provincial Advocate Generals to take appropriate action against the illegal decanters. OGRA is determined to utilize all legal…

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Finance Minister Aurangzeb Optimistic About Securing $6bn IMF Deal This Month

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ISLAMABAD: Finance Minister Muhammad Aurangzeb expressed optimism on Thursday about finalizing a $6 billion Extended Fund Facility (EFF) deal with the International Monetary Fund (IMF) within this month, having completed almost all prior actions ahead of time. Additionally, he mentioned reaching an agreement in principle with all provinces over the agricultural income tax. The government plans to request the IMF to enhance the package with a climate resilience facility (CRF) once the EFF is secured. Aurangzeb discussed these developments after briefing the National Assembly’s Standing Committee on Finance & Revenue,…

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