Category: Latest News

Easing US Sanctions Revives Prospects of Iranian Crude Imports for Pakistan

Admin
New-Project193

KARACHI: Pakistan may once again explore importing crude oil from Iran following the temporary easing of U.S. sanctions on Tehran, creating an opportunity to secure discounted crude supplies and reduce the country’s petroleum import bill. Energy experts, however, caution that while Pakistani refineries are technically capable of processing Iranian crude, commercial viability remains a challenge due to the high furnace oil (FO) yield associated with Iranian grades and the limited domestic demand for furnace oil. Pakistan Refinery Limited (PRL) previously imported Iranian crude under a long-term agreement with the National…

Read More

Saudi Aramco Resumes Oil Loadings at Ras Tanura as Gulf Energy Exports Recover

Admin
Saudi-Aramco

RIYADH: Saudi Aramco has resumed crude oil loadings at its Ras Tanura terminal, the world’s largest offshore oil export facility, following a nearly four-month suspension, signaling a gradual recovery in Gulf energy exports despite ongoing security concerns in the Strait of Hormuz. Shipping data showed that crude loading operations resumed on Friday, with two Very Large Crude Carriers (VLCCs) operated by Saudi shipping company Bahri loading cargoes at Ras Tanura, while a third tanker awaited its turn offshore. Each VLCC has the capacity to transport approximately two million barrels of…

Read More

Government Keeps Petrol, Diesel Prices Unchanged Until Further Orders

Admin
New-Project192

ISLAMABAD: The federal government on Friday decided to maintain the prices of petrol and high-speed diesel (HSD) at their existing levels of Rs299.50 per litre and Rs311.47 per litre, respectively, until further orders. The decision was announced through a notification issued by the Petroleum Division, providing temporary relief to consumers amid continued uncertainty in global energy markets. The move follows last week’s substantial reduction in fuel prices, when Prime Minister Shehbaz Sharif announced a Rs74 per litre cut in petrol prices and a Rs67 per litre reduction in HSD prices,…

Read More

PPL Launches Execution Phase of Barite, Lead & Zinc Project with DMT Germany Partnership

Admin
New-PPL

KARACHI: Pakistan Petroleum Limited (PPL) has officially commenced the execution phase of its Barite, Lead & Zinc (BLZ) Project by signing a Project Management Consultancy (PMC) contract with Germany-based engineering and consulting firm DMT Germany, marking a major milestone in the development of Pakistan’s mineral resources. The BLZ Project is a joint venture between PPL, the project operator, and the Government of Balochistan. The agreement was signed on June 23 at PPL’s head office in Karachi. The contract was signed by PPL Managing Director and CEO Mohammad Khalid Rehman and…

Read More

655 Million People Still Without Electricity as World Risks Missing SDG 7 Energy Access Goal

Admin
New-Project191

Washington / New York / Paris / Geneva / Abu Dhabi: Despite significant advances in renewable energy and clean technologies, 655 million people worldwide still lack access to electricity, while nearly two billion people continue to rely on polluting fuels and technologies for cooking, underscoring the urgent need for accelerated action to achieve universal energy access by 2030. These findings are highlighted in the latest Tracking SDG 7: The Energy Progress Report, which presents new data for 2023 and 2024. The report warns that progress toward Sustainable Development Goal (SDG)…

Read More