Category: Highlights

Oil prices steady as market eyes Russia-Ukraine peace deal

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opec

SINGAPORE: Oil prices were little changed on Monday as investors eyed developments on a potential Russia-Ukraine peace deal that could ease sanctions disrupting global supply flows. Brent crude futures dipped 1 cent at $74.73 a barrel at 0740 GMT, while US West Texas Intermediate crude was down 7 cents at $70.67 a barrel. The market continued to keep an eye on progress of peace talks, after US President Donald Trump and his administration officials announced they had begun discussions with Russia to end the war in Ukraine. “If negotiations lead…

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First phase of Pakistan’s largest biomethane plant inaugurated in Karachi

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largest biomethane plant

The first phase of Pakistan’s largest biomethane gas project, Biogas Power Generator, was inaugurated on Monday in Gadap district, Karachi, the country’s financial hub. Speaking at the event, Syed Qasim Naveed Qamar, Special Assistant to the Chief Minister of Sindh on Investment and Public-Private Partnership, lauded the initiative terming it “a significant step towards clean and environment-friendly energy”. He said the plant developed by M/s Bio Waste Energy Ventures Private Limited would produce biomethane gas from cow and buffalo dung, read a statement released by Sindh’s Department of Investment. The…

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PPL and GoB Sign Landmark Memorandum of Agreement for Sui Development and Production Lease

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ppl

Sui, Dera Bugti – February 14, 2025: Pakistan Petroleum Limited (PPL) and the Government of Balochistan (GoB) have reached a significant milestone by signing a Memorandum of Agreement (MoA)—a crucial step towards the execution of the Petroleum Concession Agreement (PCA) for the Sui Development and Production Lease (D&PL). The signing ceremony, held at Sui, District Dera Bugti, was graced by Chief Minister of Balochistan, Mir Sarfraz Bugti as the Chief Guest, alongside the Federal Minister for Planning, Development & Special Initiatives Mr. Ahsan Iqbal, Senator Shahzaib Durrani, Senator Danesh Kumar,…

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Global LNG: Asian spot LNG gains amid colder weather, Europe stocks concerns

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LNG

SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose to an over-one-year high this week, amid forecasts of colder temperatures and as concerns of Europe’s storage levels persist. The average LNG price for March delivery into northeast Asia was at $16.10 per million British thermal units (mmBtu), the highest since November 2023, industry sources estimated. “The main market concern is the high rate of withdrawals from Europe’s gas inventories… The region appears on track to import 11 million tons of LNG in February,” said Siamak Adibi, director for gas and…

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Saudi and Pakistan forge stronger tourism ties, unlocking unprecedented travel opportunities

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Saudi and Pakistan forge stronger tourism ties

Saudi and Pakistan forge stronger tourism ties, unlocking unprecedented travel opportunities February 14, 2025 Feb 14th, Karachi: Saudi is emerging as a top global travel destination in 2025, offering exciting new opportunities for Pakistani travelers. With over 2.7 million Pakistani travelers visiting Saudi in 2024 and an anticipated 2.87 million in 2025, the country is strengthening its accessibility and diverse experiences beyond religious tourism. Saudi is enhancing travel for various segments, including solo female travelers, destination weddings, and cultural exploration. Pakistani talent and travelers are making a significant impact on…

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