Category: Recent Post

The National Electric Power Regulatory Authority (Nepra) has proposed a cap on the tariff for electric vehicle charging stations at Rs45 per unit along with two other options for the prospective and current investors in the power station business. At a public hearing on tariffs for electric vehicle charging stations at the Nepra headquarters, the stakeholders proposed a subsidy on electricity prices to attract investors to engage in the business. They also requested the regulator to leave the tariff uncapped so that market forces could determine the rates. The hearing…

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The government has started the audit of all oil refineries and oil marketing companies (OMCs) to rule out the possibility of irregularities in taxes, product sourcing and transportation costs. A senior government official told Dawn the Petroleum Division had asked 25 OMCs and refineries to ensure availability of relevant personal and entire record for examination by the audit teams. In the first step, an audit team of the Director General Audit (DGA) of Petroleum and Natural Resources will visit Attock Refinery Limited (ARL) in Rawalpindi and Pak-Arab Refinery Company (Parco) in Multan…

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The state-run Oil and Gas Development Company Limited (OGDCL) has announced a gas and condensate discovery in Frontier Region Lakki of Khyber Pakhtunkhwa. The OGDCL said in a statement that it spud-in Wali#01 well on Dec 2, 2019, as an exploratory well and drilled down to total depth of 4,727 metres (measured depth) inside Kawagarh Formation. Based on the good oil and gas shows during drilling, interpretation of open hole logs data, successful testing was carried out in Kawagarh Formation, which proved to be gas and condensate discovery. Now Drill…

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The Abu Dhabi National Oil Co (ADNOC) is the key corporate proxy at the centre of the U.S.’s Middle East pushback against increasing Chinese and Russian influence across the region via their activities in Iran (and Iraq). The awarding of exploration, development, and ancillary contracts for its onshore and offshore oil and gas fields is a principal mechanism by which ADNOC is used to promote engagement with countries regarded as ‘in play’ by Washington. A longstanding prime example of this is Pakistan and the awarding last week of the first…

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he Sindh government is going to mount a legal challenge to the Indicative Generation Capacity Expansion Plan (IGCEP) 2021. Speaking to Dawn on Tuesday, Energy Minister Imtiaz Ahmed Shaikh said the federal government has excluded the cost-effective energy projects of Sindh from the plan, which is against the least-cost principle of the IGCEP model. “The federal government has approved expensive hydel projects in the name of alternative energy while dropping Sindh-based wind and solar initiatives that will produce electricity at a cost of four to five cents a unit,” he added. Prepared…

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