Category: Highlights

A major effort to develop and deploy clean energy technologies worldwide is urgently needed to meet international energy and climate goals, particularly in order to reduce carbon emissions from areas beyond the power sector such as transport, buildings and industry, according to a new IEA report released today. With global carbon emissions at unacceptably high levels, structural changes to the energy system are required to achieve the rapid and lasting decline in emissions called for by the world’s shared climate targets. The IEA’s Energy Technology Perspectives 2020– the first core ETP report for…

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The comprehensive development deal between Pakistan and China (CPEC) not only creates strategic and economic connectivity between these two countries but also has the potential of integrating other regional and extra-regional countries, and could play a key role in improving the economic and security environment. The project is being considered a vital component in realizing the prospective of regional connectivity and improving trade with regions like Central Asia, Africa, the Middle-East, and Europe. From a strategic perspective, the CPEC will bring many benefits to China and one of them is the development…

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TEHRAN- The National Iranian Oil Company (NIOC) ranked first among the world’s largest oil companies in terms of total oil and gas discovery in 2019, with the discovery of 4.973 billion barrels of equivalent hydrocarbon reserves, Shana reported on Monday. Seyed Saleh Hindi, the NIOC’s director of exploration, stated in a letter to NIOC Managing Director Masoud Karbasian: “The National Iranian Oil Company is the number one in oil and gas discovery in the world.” According to a report by the prestigious Wood Mackenzie International Institute, published under the title…

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ABU DHABI, (UrduPoint / Pakistan Point News / WAM – 14th Sep, 2020) Abu Dhabi National Oil Company, ADNOC, announced on Monday that it has successfully completed a placement to institutional investors of 1.25 billion shares in Abu Dhabi National Oil Company for Distribution PJSC, ADNOC Distribution, which are listed and traded on the Abu Dhabi Securities Exchange, ADX. This represents 10 percent of ADNOC Distribution’s total share capital. With this additional 10 percent placement, valued at US$1 billion, the company’s free float will increase to 20 percent, contributing to…

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President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said consumers of electricity are braving the double-edged sword of continued tariff hike and secret overbilling by the power sector. Consumers are deprived of billions of rupees every month to make for the losses, inefficiency and corruption in the power sector, he said. Mian Zahid Hussain said that honest consumers are being punished for power theft and reduction in demand due to its high price. Talking to the business community, the veteran…

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