Category: Highlights

Inverex Leads Pakistan’s Green Revolution with Electric Vehicles and Next-Gen Solar Innovations

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Inverex, a frontrunner in Pakistan’s solar energy sector, is making a groundbreaking leap into the electric vehicle (EV) market—becoming the first Pakistani solar company to do so. This strategic move reinforces Inverex’s mission to promote clean energy and reduce the country’s dependence on fossil fuels. The landmark announcement was made during an exclusive event in Kuala Lumpur, Malaysia, where Inverex unveiled its latest innovations to a packed audience of clean energy stakeholders, including Pakistani dealers, installers, contractors, and renewable energy advocates. The company showcased a wide range of cutting-edge products…

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OGDCL Targets 2027 for Production in ADNOC’s Offshore Block-5, Eyes Expansion in Minerals

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ISLAMABAD, April 10, 2025: Pakistan’s state-run Oil and Gas Development Company Limited (OGDCL) plans to commence production from Abu Dhabi’s Offshore Block-5 by 2027, marking a major step in its international expansion, said CEO Ahmed Hayat Lak on Wednesday. Speaking on the sidelines of the Pakistan Minerals Investment Forum 2025, Lak stated that while reserves in the ADNOC-partnered block are still under evaluation, the company anticipates production within two years. Domestically, OGDCL aims to ramp up its oil production from 37,000 to over 50,000 barrels per day and increase gas…

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Fuel Prices in Pakistan May Drop by Up to Rs12 Amid Falling Global Oil Rates

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Islamabad, April 10, 2025: Consumers in Pakistan could soon see a significant drop in fuel prices, with a potential reduction of up to Rs12 per litre in petrol and diesel, following a sharp decline in global crude oil prices, according to sources in the Petroleum Division. Brent crude oil has experienced a steep fall over the past week, currently trading at $60.12 per barrel—down from $74.74 on March 31. Although prices briefly rose to $74.95 on April 1 and 2, they have since plummeted by more than $14 per barrel.…

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Pakistan and Turkiye signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan

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Minister for Petroleum Ali Pervaiz Malik and Alparslan Bayraktar, Minister of Energy and Natural Resources of Turkiye witnessed the signing ceremony. In a significant development, Pakistan and Turkiye have stepped into cooperation in oil and gas exploration. On the sideslines of Pakistan Minerals Investment Forum 2025, Pakistan and Turkiye have signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan.In February 2025, the Government of Pakistan announced an offshore block bid round, offering forty (40) offshore blocks in the Makran and Indus basins for the grant…

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LONGi Sets New Benchmark in Europe with 225.9MW Hi-MO 9 Solar Project in Greece

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Athens, April 1st, 2025 – LONGi Solar, a global leader in solar technology, has announced a groundbreaking 225.9MW solar project in Greece, marking the largest deployment of Back Contact (BC) technology in Europe to date. This achievement highlights the dominance of LONGi’s Hi-MO 9 in utility-scale renewable energy projects and establishes BC technology as the future of photovoltaic innovation. Unrivaled Scale and Efficiency The project utilizes the Hi-MO 9’s exceptional power output of up to 660W and module conversion efficiency of 24.43%, outperforming conventional TOPCon modules by 3% in real-world…

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