Category: Highlights

Bharat Petroleum Plans $11 Billion Refinery in Andhra Pradesh

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LNG industry.

NEW DELHI: Bharat Petroleum Corporation Limited (BPCL) has announced plans to invest approximately $11 billion in a state-of-the-art refinery and petrochemical complex in Andhra Pradesh, aiming to address surging fuel demand in India, the world’s fastest-growing major economy. “This is a significant opportunity for the refining sector as India’s primary energy demand is projected to grow three to four times with the expansion of its economy,” BPCL Chairman G. Krishnakumar stated in an interview with Reuters. The facility will feature a 35% petrochemical intensity and is expected to cost between…

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OGDCL Revives and Enhances Oil Production from Pasakhi-5 Well in Hyderabad, Sindh

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crude oil

ISLAMABAD, December 26, 2024: Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has successfully revived and enhanced oil production from the Pasakhi-5 well, located in Hyderabad district of Sindh. The well is part of the Pasakhi Development & Production Lease (D&PL), with OGDCL holding a 100% working interest.As part of a strategic optimization initiative, OGDCL deployed a rig to install an artificial lift system (ESP) at the well to enhance oil production. Previously, the well was producing 480 barrels of oil per day (BPD) on…

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Democracy thrives on dialogue: if dialogue can be initiated with an enemy country, why not with the perpetrators of May 9, says Murad Shah

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infrastructure

KARACHI (Dec 25): Sindh Chief Minister Syed Murad Ali Shah stated that democracy thrives on dialogue, if we can engage in dialogue with an enemy country, then we should also engage with those involved in the May 9 incident, as we see them as Pakistani citizens. “It is important to address those who have been misled and help them change their perspectives.” He said this on Wednesday while talking to the media at Mazar-e-Quaid, where he was joined by his cabinet members to pay tribute to Pakistan’s founder, Quaid-e-Azam Muhammad…

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Growatt Earns Top Brand PV Awards Across 15 Global Markets in 2024

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growatt-news

Growatt, a global leader in solar energy solutions, has once again solidified its position as a reliable and reputable brand in the renewable energy sector by winning the prestigious Top Brand PV Awards 2024 from EUPD Research. The company received this esteemed recognition in 15 markets, including South Africa, Africa, Nigeria, Mexico, Colombia, Brazil, Italy, UK, India, Pakistan, Poland, Netherlands, Australia, USA, and Southeast Asia. This achievement highlights the company’s dedication to delivering reliable and innovative energy solutions worldwide. EUPD Research, a renowned market research and consultancy organization specializing in…

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Gold prices see major decline in Pakistan

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gold price

The price of 24-karat per tola gold decreased by Rs800 and was sold at Rs272,600 on Tuesday against its sale at Rs273,400 the previous day. The price of 10-gram 24-karat gold also decreased by Rs685 to Rs233,711 from Rs234,396 whereas that of 10-gram 22-karat gold declined to Rs214,235 from Rs214,863, the All Sindh Sarafa Jewellers Association reported. The prices of per tola and 10-gram silver remained constant at Rs3,350 and Rs 2,872.08 respectively. The gold price in the international market decreased by $8 to $2,614 from $2,622, the association added.

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