Category: Recent Post

EDITORIALS: Energy sector’s circular debt has reached 2.3 trillion rupees against 1.2 trillion rupees inherited by the Pakistan Tehrik-i-Insaaf (PTI) government a little over two years ago – a rise of nearly 92 percent. The percentage rise in the circular debt is unprecedented in the annals of the historically appallingly poorly managed energy sector and can simply not be palmed off on the flawed policies of the previous administrations. The exhaustive list of those engaged in the energy sector at present as per the directives of Prime Minister Imran Khan…

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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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