The Coal Industry May Never Recover From The Pandemic

According to analysts predictions, global coal industry will never recover from the COVID-19 pandemic as the pandemic crisis proves that renewable energy is cheaper for consumers and a safer asset for investors. The transition from highly polluting fossil fuels to cleaner energy sources is accelerating even during the blockade, which has led to the closure of power plants in several countries and provided new evidence that coal use may finally peak after more for 200 years on stage. Coal is dying, but renewables are a small part of the reason.…

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U.S. Looks For Ways To Cut Off Iranian Gasoline Shipments To Venezuela

ederal prosecutors in the United States are looking to seize Iranian gasoline on tankers currently en route to Venezuela by filing a civil-forfeiture complaint, The Wall Street Journal reported on Thursday, as the U.S. steps up sanctions and pressure against both Iran and Venezuela. Four tankers loaded with gasoline are currently traveling to Venezuela, after the first of five tankers carrying Iranian fuel for gasoline-starved Venezuela reached the country sitting on top of the world’s largest oil reserves in May. Lack of diluents, lack of maintenance, lack of money, and…

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OGDCL Start Commercial Production of Gas & Condensate At Dhok Hussain Well

By the grace of Almighty Allah, the joint venture of Baratai D&P.L comprising Oil & Gas Development Company Limited (OGDCL) as Operator (97.5%) & Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL) (2.5%) has started commercial production of Gas and Condensate from its exploratory well Dhok Hussain # 01, which is located in district Kohat, Khyber Pakhtunkhwa Province.The Early Production Facilities which includes installation of well head facility, gathering & separation facility, dehydration plant, pumping facility, storage tanks, filling gantry, gas metering and infrastructure development was completed through indigenous efforts…

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Chashma Nuclear Power Plant Unit-4 makes history by running for a year continuously

July 01, 2020: Pakistan Atomic Energy Commission (PAEC) Wednesday announced that its Chashma Nuclear Power Plant Unit-4 has made a new record in Pakistan’s history by running for a year continuously, becoming the first electricity generation plant of the country to achieve this milestone. Previously, Chashma Nuclear Power Plant Unit-2 (Chashma-2), held the record of running for continuous 302 days. Member Power of PAEC Mr.Saeed-ur-Rahman, while making the announcement, said that “This unique record of efficient and safe operations of Chashma-4 bespoke the acumen and hard work of PAEC’s teams of…

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Gas Tariff FY 2020-21 needs to PROPEL Exports, Jobs, FEX

The gas tariffs are NOT just Numbers. The Situation is not ‘business as usual’. Out of box solutions are needed today. In this era of Covid-19, lock down, melt down, the gas prices have colossal bearing upon: (a) National security (b) in-country peace (c) Job security (d) Exports safeguard (e) Foreign Exchange Earnings (f) Strengthening of Pak Rs to US$ (f) Livelihood sustainability (g) Sustainability of SSGCL (h) over economy. We need to find out what rest of the world, competition and neighbors are doing, which SSGCL had no homework done. Wellhead…

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OGRA Imposes Fine on OMCs

The Oil and Gas Regulatory Authority (Ogra) has imposed a fine of Rs5 million each on three oil marketing companies (OMCs) after they were found involved in creating artificial shortage of petrol in the country by hoarding the commodity in first 10 days of the current month. Hoarding and artificial shortage was witnessed soon after the government’s decision to pass on the impact of plunging international oil prices to consumers by lowering ex-refinery prices amid protests from the OMCs. “Ogra imposed a penalty of Rs5 million each on Byco, Askar…

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Made in Pakistan Ventilators on EU standard

In a very short period of time after COVID-19 Pakistan has started the local manufacture of ventilators according to the standards of European Union. The first batch of ventilators named “PAKVENT-1” will be delivered to National Disaster Management Authority (NDMA) in the first week of July 2020. Federal Minister for Science and Technology Fawad Chaudhry in a video statement said that Pakistan has joined the ranks of those few countries which are producing their own ventilators. “The ventilator is a complicated machine and not a lot of countries in the…

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Bill Gates says COVID-19 ‘will be back in big numbers’ in October-November when US temperatures turn lower

Bill Gates is warning that the US is still “very much in the thick of things” when it comes to COVID-19. And he believes that, given that many people refuse to wear masks and practice social distancing, that we are heading for another big round of infections in the fall. “Better treatment is reducing the deaths, but, particularly as you get into October and November, this thing will be back in big numbers, if we don’t restrain our behavior more than it looks like we are right at the moment,”…

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Bill Gates says pandemic could get ‘worse than I would have expected’ — and calls for leadership

Tech leaders typically use their TED talks to sketch out an optimistic vision of the future, but today Bill Gates used his to warn about a rough autumn ahead due to the continuing coronavirus pandemic. “There’s good progress … but nothing that would fundamentally alter the fact that this fall in the United States could be quite bad, and that’s worse than I would have predicted a month ago,” he told moderator Chris Anderson during a live-streamed TED2020 Q&A. Although Gates didn’t mention President Donald Trump by name, he faulted…

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WHO Chief On COVID-19 Pandemic: ‘The Worst Is Yet To Come

The head of the World Health Organization is warning that the COVID-19 pandemic is speeding up, and he criticized governments that have failed to establish reliable contact tracing to stop the spread of the coronavirus. Speaking at a briefing in Geneva, Tedros Adhanom Ghebreyesus said: “We all want this to be over. We all want to get on with our lives. But the hard reality is this is not even close to being over.” “Although many countries have made some progress, globally the pandemic is actually speeding up,” he said.…

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