Proposal floated to shut 3 refineries

The partial approval of refinery policy is followed by another controversy in the sector as the chairman of Expert Group on Petroleum has suggested to the government to shut down three refineries, namely Pakistan Refinery, National Refinery and Byco Petroleum. The three refineries are producing jet fuel and kerosene oil to meet strategic requirements of the country. At present, Pakistan has five refineries and the other two are Parco and Attock Refinery. The official is betting on the construction of new refineries pledged by Saudi Arabia and the United Arab…

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Gas crisis leaves Europe searching for solutions

Consumers’ bills have spiralled here in recent months, with the cost of electricity increasing 35% over the last year and nearly 8% in August alone. Energy prices in Spain are closely tied to the wholesale gas market, so the price per megawatt hour for consumers has repeatedly hit new highs recently. “I was paying about €40 (ÂŁ34) per month and now I’m paying around €60,” said Amparo Vega, who has a newspaper kiosk in central Madrid. Earlier this month, the coalition government of Socialist Prime Minister Pedro Sánchez unveiled a…

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K-Electric Sees Light At The End Of The Tunnel

Business leaders there is a non-payment you plant and machinery from for the businesses to the con- at this point of time and that’s Wednesday. During the first discuss challenges, cannot go and disconnect across the globe. “We had sumers. Covid-ig has obviously why they have been avoiding phase (2015-2020) of CPEC, power. The entity lost a few only one meeting for the plant increased it manifold. The the digital system,” he said. the as harvesting projects changing work million rupees and that is before the infection outbreak financial sector…

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Karachiites may have to pay monthly waste disposal fee soon

As if the Karachi Metropolitan Corporation’s proposal to collect two of its key taxes through monthly electricity bills was not enough to cause concern among the Karachiites, another plan has been prepared to levy a fee on the residents on account of waste disposal work, and for the purpose the billing system of the gas utility could be utilised. The proposal came under discussion at a meeting of Sindh Solid Waste Management Board (SSWMB) held on Wednesday with Local Government Minister Syed Nasir Hussain in the chair. It has been…

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LPG Imports Increased

LPG vessel “C Tomson” berthed at Gwadar International Terminals Limited (GITL) on 21 Sep 2021 at 1700 hrs, First Liquefied Petroleum Gas Terminal in Gwadar Al-Qasim LPG Gas Terminal has substantially increased the import at GITL which ultimately created, generate greater economic activity in Gwadar, which would in turn benefit the local population through the creation of more jobs. and economic activities in the province. new era of economic development has commenced in Balochistan’s port city of Gwadar as international LPG trade has started here. The terminal development project is…

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