Category: Shortcode

Refineries oppose Ogra’s pricing deregulation model

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OGRA

ISLAMABAD: Strongly opposing the petroleum pricing deregulation model suggested by the Oil and Gas Regulatory Authority (Ogra), the oil refineries have started shutting down their refining units due to storage constraints caused by declining sales of domestic products and the rising influx of smuggled products throughout the country.“Why would oil marketing companies (OMCs) lift oil product from refineries, involving a substantial impact of taxes, when they can access cheaper product in the black market?” questioned an official representing the refining sector. He added that Ogra had proposed doing away with…

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Ministry of Climate Change to Engage Stakeholders for Sustainable Nitrogen Management Roadmap

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climate-change

The Ministry of Climate Change and Environmental Coordination (MoCC&EC) is set to embark on a collaborative effort with stakeholders to address the critical issue of sustainable nitrogen management in South Asia. Recognizing the dual importance of nitrogen in agriculture and its potential environmental repercussions, the ministry aims to develop a comprehensive South Asia Roadmap for Sustainable Nitrogen Management. Nitrogen, while vital for agricultural productivity, can also pose significant challenges when used excessively or inefficiently, leading to environmental issues like pollution, climate change, and biodiversity loss. The proposed roadmap seeks to…

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Hydropower Project Spurs Forest Conservation and Economic Growth in Chitral Village

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Karot-Hydropower

In the village of Sorech, nestled within Upper Chitral district, the commissioning of a 500-kilowatt hydropower station has sparked a transformative shift in local life. Residents, including Mohammad Nadir, Abdul Nasir, Iqbal Murad, and Musa Khan, joyously shared with reporters that since the station’s inauguration three years ago, not a single tree has been felled for cooking or heating purposes. This shift has not only bolstered the area’s forest cover but also mitigated the threat of flash floods, once a recurring concern. Previously, during the harsh winter months spanning five…

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Major Global Utilities Alliance Commits to Triple Renewable Capacity by 2030

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Renewable-Capacity

Abu Dhabi, UAE: Today, the Utilities for Net Zero Alliance (UNEZA) unveiled a bold initiative at the 14th Assembly of the International Renewable Energy Agency (IRENA), aiming to significantly scale up renewable energy capacity. The alliance, comprising leading global utilities, announced their joint intent to increase renewable energy capacity within their portfolios to 749 GW by 2030, marking a substantial 2.5-fold increase from 2023 levels. The UNEZA Roadmap to 2030, adopted during the IRENA Assembly, outlines a comprehensive plan to accelerate the transition to clean power and modernize global grid…

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Mari Petroleum Discovers Oil at Shawal-1 Exploration Well

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mari-petrolium

Mari Petroleum Company Limited (MPCL) has announced a significant oil discovery at the Shawal-1 Well, located in the Mari Development & Production Lease (Mari D&PL) in Sindh Province. MPCL, operating with 100% working interest, successfully drilled the well to a depth of 1,136 meters into the Ghazij Formation. During testing, the Shawal-1 Well yielded 1,040 Barrels of ~30 deg API oil, along with 2.5 MMSCFD of associated gas. Mr. Faheem Haider, MD/CEO of MPCL, praised the efforts of the company’s geoscientists and engineers, emphasizing their use of new technologies. The…

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