Category: Shortcode

OGDCL Launches Pakistan’s First-Ever Tight Gas Production

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ogdcl

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), a state-owned enterprise, has successfully initiated the early commercial production of tight gas from Pakistan’s first Tight Gas project at Nur West Well-1, located in Sujawal district, Sindh. The Nur West Well-1, part of the Nur Development & Production Lease, is currently producing 1.5 million standard cubic feet per day (mmscfd) of gas, with a wellhead flowing pressure of 1050 PSI. The gas, sourced from the Lower Guru formation (‘A’ Sand), has been seamlessly integrated into the Sui Southern Gas Company…

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Petrol and Diesel Prices Expected to Drop by Up to Rs9 per Litre

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Petrol-price

ISLAMABAD: The prices of major petroleum products, including petrol and high-speed diesel (HSD), are expected to decrease by up to Rs9.20 per litre for the second half of August, driven by declining international prices. According to informed sources, international prices for petrol and HSD have dropped by over $3 per barrel in the past two weeks. This reduction could result in a price decrease of Rs8.50-9.30 per litre for petrol and Rs8-9 per litre for HSD, depending on the final exchange rate and existing tax calculations. The average international price…

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WAPDA Prepares for Swat River Diversion at Mohmand Dam Project

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Mohmand-Dam

The Water and Power Development Authority (WAPDA) is on the brink of a major milestone at the Mohmand Dam Hydropower Project, as the diversion tunnels have been completed, setting the stage for the diversion of the Swat River in the coming days. The river diversion will follow the finalization of the river-closure-dyke, despite the challenges posed by the high-flow season. In light of this progress, WAPDA Chairman Engr Lt Gen Sajjad Ghani (Retd) visited the project site to assess the ongoing construction activities. His inspection included detailed visits to various…

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Solar Panel Prices in Pakistan Hit Record Low Due to Excess Supply

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Solar-Panel

Solar panel prices in Pakistan have dropped to a historic low, with the per-watt cost now ranging between Rs. 30 and Rs. 32. This significant decrease in prices is largely attributed to the oversupply in the local market and a decline in international rates. Earlier this year in April, the per-watt price was around Rs. 39 to Rs. 40. By May, prices had slightly decreased, and solar panels that were being sold at Rs. 80 per watt two years ago are now available for just Rs. 37 per watt. The…

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Government to Extend Financial Close Date for Kohala Hydropower Project by Three Years

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Karot-Hydropower

ISLAMABAD: The government has decided to extend the Financial Close (FC) date for the 1124-MW Kohala Hydropower Project, a key initiative under the China-Pakistan Economic Corridor (CPEC), by three years, starting from October 1, 2024. This extension, granted under the Letter of Support (LoS), will also include a waiver of the extension fee, subject to certain conditions. The decision was made during a meeting of the PPIB’s Projects Committee, chaired by the Additional Secretary of Planning. The project, developed by China Three Gorges Corporation’s subsidiary, faced delays due to land…

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