Category: Recent Post

ISLAMABAD: Federal Energy Minister Omar Ayub Khan has invited foreign investors to seek huge investment and business opportunities by exploring the open market regime in Pakistan’s LNG sector. The energy minister was addressing the LNG Producer-Consumer Conference 2020, Japan, through a video link. He said that Pakistan had been a gas producing country with daily production of over 4 billion cubic feet per day (BCFD), which was sufficient to meet its demands. However, for the last two decades, Pakistan has been facing shortage of gas supply due to 5pc yearly decline…

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KARACHI: The largest motorcycle manufacturer in Pakistan, Atlas Honda, has received a nod from the regulator to setup solar power generation arrangements at its manufacturing site in Sheikupura. Atlas Group’s subsidiary Atlas Energy would install solar generation facilities having a cumulative 2.5MW capacity for its motorcycle manufacturing plant in Sheikupura. The installed capacity was proposed after critically analysing the current load and future load projections of the site. A large number of manufacturing and assembling units in the country were opting for renewable energy (captive) generation to secure uninterrupted supply…

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KARACHI: An environmental tribunal on Tuesday recorded testimony of a witness in a case pertaining to issuance of approvals by the Sindh Environmental Protection Agency to private companies for collection and disposal of hazardous and infectious waste allegedly without conducting environmental impact assessment. The three-member tribunal headed by its chairman retired Justice Sadiq Hussain Bhatti was hearing a complaint filed by a non-governmental organisation, Society for Environmental and Mangrove Protection Welfare Association, against issuance of approvals to private contractors by Sepa allegedly without fulfilling legal requirements. The complainant cited the…

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Iraq discussed on Tuesday plans for investment in associated gas production at its largest oilfield, Rumaila, Iraq’s Oil Minister Ihsan Abdul-Jabbar Ismail said in a statement to Shafaq News agency. With BP as operator, the Rumaila oilfield produces 1.5 million barrels per day (bpd) of oil, or around a third of the crude oil pumped in OPEC’s second-largest producer after Saudi Arabia. Oil production at Rumaila has increased by 40 percent since 2010. “The maintenance of production in Al-Rumaila oil field and the available investment opportunities in oil and gas…

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Oil prices appear to be waiting for the presidential election before making any major moves, with prices falling due to rising Libyan oil production before climbing on positive news out of China Chart of the Week –    Oil production outages have increased in 2020, cutting into global supply.  –    In 2020, oil disruptions have averaged 4.6 mb/d, reaching 5.2 mb/d at its deepest point in June. Outages averaged 3.1 mb/d in 2019. –    Much of the increase in outages came from Libya, Venezuela and Iran. Supply “disruptions” does not include production…

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