Category: Latest News

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

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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…

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Government Keeps Petrol, Diesel Prices Unchanged Until Further Orders

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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,…

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

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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…

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

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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)…

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Pakistan to Save Over USD 3.239 Billion Through Historic Shift from Imported to Thar Coal at Jamshoro Power Plant

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coal-plants

Islamabad, 23 June 2026 Bankable Feasibility Study Confirms Conversion is Technically Feasible, Economically Beneficial and Environmentally Manageable Pakistan is poised to save USD 3.239 billion over the next 26 years — and USD 2.113 billion in foreign currency alone — by converting the Jamshoro Unit-01 power plant from imported coal to 100% indigenous Thar lignite. A world-class Bankable Feasibility Study (BFS), prepared by Dornier Group and EY Parthenon and presented today to Federal Minister for Power Sardar Awais Ahmed Khan Leghari, confirms that this transformation is not only technically feasible…

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