Category: Latest News

Torrential Rains Turn UAE’s Desert Mountains into Waterfalls

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New-Project86

Heavy rainfall across several parts of the United Arab Emirates on December 14 transformed normally arid desert mountains into flowing waterfalls, flooding nearby valleys and creating rare and dramatic scenes. Intense rain, strong winds and lightning lit up the UAE’s skies, offering an unusual contrast to the country’s typically sunny weather. According to a report by Gulf News, the National Center of Meteorology (NCM) had already forecast unstable weather conditions and warned residents that several areas would be affected. The “Storm Center” shared videos from the Jais mountain range showing…

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Punjab to Invite Bids for 50MW Waste-to-Energy Project in Lahore

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Weast-Energy

LAHORE: The Punjab government has completed the pre-qualification process for local and international investors for a 50-megawatt Waste-to-Energy project and will invite bids from pre-qualified sponsors after approval of the project’s security package. The update was shared during a meeting chaired by Punjab Minister for Energy Faisal Ayub Khokhar on Thursday in Lahore. The meeting reviewed the progress, technical framework, and investment structure of the project, which is expected to be developed with private investment of over $175 million. Managing Director Punjab Power Development Board (PPDB) Saniya Owais gave a…

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China’s November Crude Throughput Rises 3.9% as Fresh Import Quotas Lift Refining

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China-Oil

BEIJING: China’s crude oil throughput increased by 3.9% year-on-year in November, supported by a new round of crude import quotas for independent refiners that helped offset maintenance outages at some state-owned refineries, official data showed on Monday. According to the National Bureau of Statistics, the world’s largest oil processor refined 60.83 million metric tons of crude in November, equivalent to about 14.86 million barrels per day (bpd). This was broadly steady compared with October’s 14.94 million bpd. Around 1.2 million bpd of refining capacity was offline during the month due…

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PIBT Secures Approval to Handle Reko Diq Copper-Gold Exports

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Reko-Diq

Pakistan International Bulk Terminal Limited (PIBT) has entered into a strategic agreement with Reko Diq Mining Company (Private) Limited to handle its copper-gold concentrate cargo, while also securing supplemental concessions from the Port Qasim Authority (PQA) to facilitate mineral exports. The development was disclosed by PIBT in a notice to the Pakistan Stock Exchange (PSX) on Monday. According to the notice, PIBT has executed a supplemental implementation agreement with PQA, granting the terminal additional concessions, rights, and licences for the handling, storage, and export of copper-gold commodities. These include minerals,…

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Egypt Proposes Unified Arab Emergency Oil and Gas Purchase Mechanism

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Oil-Gas

CAIRO: Egypt has put forward five new initiatives aimed at strengthening Arab energy security, including the creation of a unified mechanism for coordinated emergency purchases of oil and liquefied natural gas (LNG), the petroleum ministry said on Sunday. The proposals were presented by Egyptian Minister of Petroleum and Mineral Resources Karim Badawi during a ministerial meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) held in Kuwait. Among the key initiatives is the development of a comprehensive Arab energy interconnection map to enhance regional integration and improve the reliability…

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