Category: News & Announcement

ISLAMABAD: The government has planned to recover from the National Finance Commission (NFC) Award the outstanding amount owed by the provinces or their departments to the power sector. The full cost of service that also includes full general cost will also be passed on to consumers. The incumbent government will also reduce reliance on imported fuel for electric power generation and will move towards optimal utilisation of local resources such as coal, water, renewable sources, local gas and nuclear. This intention of the Power Division has been included in the…

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SLAMABAD – Pakistan Petroleum Limited found one of the largest ever gas reserves in history of Pakistan. Pakistan Petroleum Limited (PPL) has found huge gas reserves in Margand block at Kalat, Balochistan. According to details, PPL owns 100% of the drilling rights of the block and had been drilling at Margand X-1 block since 30 June 2019. PM Imran Khan chairs high level special meeting in Islamabad Last year, PPL carried out a Modular Dynamics Testing (MDT) at a depth of 4,500 meters at the block. MDT proved the presence of large gas reserves.…

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World Wind Turbine leading manufacturer Denmark based company Vestas has expressed deep interest in establishing Wind Turbine factory in Pakistan and started ground work for exploring the feasibilities.This was revealed in a meeting of delegation of Vestas Company led by Danish Ambassador Rolf Holmboe with Federal Minister for Power and Petroleum Omar Ayub Khan here Thursday, said a press release.Special Assistant to the Prime Minister on Petroleum Nadeem Babar and Secretary Power Division Irfan Ali also participated in the meeting.The meeting was informed the keeping in view the targets set…

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Karachi, February 7, 2020: Pakistan Petroleum Limited (PPL), as part of its Corporate Social Responsibility programme, provided financial support to the tune of Rs. 8.245 million for provision of quality healthcare for disadvantaged communities residing around its operated Kandhkot and Adhi fields in Sindh and Punjab, respectively. Actg Chief Community Development Kamran Sher presented the cheque for Rs 6.5 million to President Al Shifa Trust Eye Hospital (ASTEH) (Retd.) Major General Rehmat Khan on February 7 in Rawalpindi for purchasing a phacoemulsification machine ─ a state-of-the-art ophthalmic surgical equipment─ for ASTEH, Sukkur. Similar equipment was…

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One of the anticipated things on the bucket list during Prime Minister Imran Khan’s recent visit to Malaysia was the offer in OGDC’s stake sale. While nothing of the sort has been reported so far, and no intimations have been made in the recent meeting of the two premiers, chances of Malaysian energy giant entering Pakistan have been voiced officially and unofficially. The government of Pakistan has invited Malaysian oil and gas companies to participate in the auction of 18 fresh oil and gas blocks being offered to foreign investors…

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