Category: Highlights

MPCL successfully drills well in Mari Deep Goru-B formation

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mari-petrolium

KARACHI: Mari Petroleum Company Limited (MPCL) has successfully drilled another development well in Mari Deep Goru-B formation in the Mari Development and Production Lease (D&PL), Sindh. “As part of the field development activities in the Mari D&PL area, MPCL has successfully drilled and tested Mari Deep-20 well in the Goru-B formation”, material information sent to Pakistan Stock Exchange on Thursday said. The well was spudded in on December 17, 2023, and drilled down to a depth of 2,975 meters. The well is tested at 19 million standard cubic feet per…

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Karot hydropower project: Chinese firm concerned at curbs on its staff’s movement

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Karot-Hydropower

ISLAMABAD: Chinese company M/s China Three Gorges South Asia Investment Ltd (CSAIL) has reportedly expressed serious concern over restrictions on movement of its employees working on 720 MW Karot hydropower project due to security threat, well-informed sources told Business Recorder. SCAIL, is an investment holding company formed by China Three Gorges Corporation, which is the world’s largest clean energy company with power generation capacity of over 140,000 MW. CSAIL is currently operating and developing six renewable energy projects in Pakistan, with total installed capacity of over 2,600 MW having more than…

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1st Feb Petrol Price In Pakistan Increased By Rs. 13

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Petroleum-prices

In a recent development, the government has given the green light to a substantial increase petrol price, leaving consumers grappling with the impact on their daily lives. According to official notifications, the price of petrol per liter has witnessed a staggering rise of Rs. 13.55 taking it to the new price of Rs. 272.89. This move has sparked a wave of concern among the public, as it not only affects individual commuters but also has a cascading effect on the overall cost of living. Diesel prices have also been adjusted,…

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OGRA DETERMINES LPG PRICE

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OGRA

Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the maximum price of Liquified Petroleum Gas (LPG) effective from February 1st, 2024 as under:Notified LPG Producer prices Rs. / Ton Rs / 11.8 kg CylinderFebruary -2024 ( w.e.f 01-02-2024) 216,295.72 2,552.29January -2024 215,129.58 2,538.53Increase / (Decrease) 1,166.14 13.76 Notified LPG Consumer prices Rs. / Ton Rs / 11.8 kg CylinderFebruary -2024 ( w.e.f 01-2-2024) 257,595.72 3,039.63January -2024 256,429.58 3,025.87Increase / (Decrease) 1,166.14 13.76The LPG producer price is linked with…

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Malik Khuda Baksh Appointed Convener FPCCI Standing Committee on Energy

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Khuda-Baksh

MASOOD AHMED SIDDIQUI-KARACHI: President FPCCI Mr. Atif Ikram Sheikh has appointed a person with expertise in the field of energy, Mr. Malik Khuda Bakhsh, as the convener of FPCCI Central Standing Committee “Energy” for the year 2024-2025. Malik Chairman/Chief Executive of Khuda Bakhsh Malik Group of Companies, Leader of Petroleum and CNG Industry, Member of UBG Core Committee, Director of Lions Club International. President FPCCI advised Malik Khuda Bakhsh to include well-experienced and professional people in his committee and maintain close contact with all concerned authorities and facilitate the business…

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