Category: Latest News

Oil Industry Rejects Rapid Digital Integration Drive Without Cost-Recovery Mechanism

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New-Project60

ISLAMABAD: Pakistan’s oil industry has firmly opposed the unilateral enforcement of a 6–12 month deadline for complete digital integration of more than 32,000 ground tanks, depots, oil tankers, and petrol pumps nationwide, citing the absence of a viable mechanism to recover an estimated Rs55 billion implementation cost. In a formal communication to the Oil & Gas Regulatory Authority (Ogra) and the Petroleum Division, the Oil Companies’ Advisory Council (OCAC)—representing over three dozen oil firms and refineries—flagged serious technical and financial hurdles, terming the regulator’s directives “dictatorial” and unworkable within the…

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PPL Advances Pakistan–Türkiye Strategic Energy Partnership with Landmark Offshore Agreement

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New-Project58

KARACHI, December 4, 2025: Pakistan Petroleum Limited (PPL) has formalized a major step in strengthening Pakistan–Türkiye energy cooperation with the signing of the Assignment Agreement for the Eastern Offshore Indus Block C. The milestone agreement signals a new chapter in bilateral collaboration and offshore hydrocarbon exploration. The ceremony, held on December 2 in Islamabad, was witnessed by Honourable Prime Minister Muhammad Shehbaz Sharif, Türkiye’s Minister for Energy and Natural Resources Alparslan Bayraktar, Pakistan’s Federal Minister for Petroleum Ali Pervaiz Malik, along with senior government officials and industry leaders. PPL’s MD…

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LONGi Enters Energy Storage Market, Redefining Industry Standards with “Ultimate Safety”

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London, England–On November 26, a grand launch event for LONGi’s energy storage solutions was held in London. Dennis She, Vice President of LONGi, comprehensively outlined the company’s global energy storage strategy for the first time and introduced the LONGi Energy Storage One-Stop Solution. This marks LONGi’s strategic evolution from a global photovoltaic leader to an integrated “Solar-Storage-Hydrogen” comprehensive energy solution provider. The milestone was witnessed by global energy experts, representatives from investment institutions, media, and industry analysts. From “Solar” to “Solar-Storage-Hydrogen”: Building a “Stability Triangle” Energy Framework Addressing the challenge…

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AI to Take Centre Stage at World Future Energy Summit 2026, Accelerating the Middle East’s Clean Energy Transition

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New-Project57

Abu Dhabi, UAE — December 3, 2025: Artificial intelligence is rapidly emerging as a transformative force in the global clean energy landscape, and the World Future Energy Summit (WFES) 2026 is set to spotlight its game-changing potential. Taking place from January 13–15 at the Abu Dhabi National Exhibition Centre (ADNEC) during Abu Dhabi Sustainability Week (ADSW), the Summit will explore how AI can revolutionise energy production, transmission and intelligent, data-driven distribution across the region. For 2026, AI will be woven into all seven conference tracks, further amplified by the launch…

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Oil Industry Seeks Viable Cost-Recovery Mechanism for Digitalising Fuel Retail Network

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OGRA

KARACHI: Pakistan’s oil industry has urged the Oil and Gas Regulatory Authority (Ogra) to finalise a practical and financially sustainable cost-recovery plan for nationwide fuel retail digitalisation, warning that the sector cannot proceed without a clear cost-sharing framework due to the substantial investment required. In a letter addressed to the Ogra chairperson on Tuesday, the Oil Companies Advisory Council (OCAC) said the industry fully supports the government’s digitalisation initiative—including the installation of auto tank gauging (ATG) systems at fuel stations—but stressed that implementation is impossible without a viable mechanism to…

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