Category: Shortcode

PRL to Boost Refining Capacity with Supplemental OGRA Agreement

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PRL-Ogra

In Karachi, Pakistan Refinery Limited (PRL) has announced its intention to sign a supplemental agreement with the Oil and Gas Regulatory Authority (OGRA) soon. This agreement marks a significant step towards transformative upgrades and expansions within the company, aimed at doubling its refining capacity from 50,000 barrels per day (bpd) to 100,000 bpd. The agreement will also enable PRL to produce EURO V standard fuel, saving the company substantial amounts annually in penalties for non-compliance with environmental regulations. This move follows a previous deal with the regulator to access incentives…

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Chinese Firm Resumes Work on Diamer Bhasha Dam, Dasu Dam Work to Follow

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Dasu-Dam

In Peshawar, following the resumption of work on Tarbela Dam, a Chinese company has now recommenced operations on the Diamer Bhasha Dam. However, work on the Dasu Dam remains suspended for the time being, with sources indicating that it will resume in the coming days. Nazakat Hussain, the General Manager of Diamer-Bhasha Dam (DBD), confirmed the Chinese company’s return to work on the dam. Approximately 350 Chinese nationals have joined over 6,000 local staff already working on the project. The Chinese company had previously halted work after a tragic incident…

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Global wind power production is “very predictable”, finds Eoltech study

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Wind-Power

Eoltech, a leading wind and solar resource assessment consultancy, released today the findings of a new study that aimed at assessing the variations of the global wind resource over the last 15 years. The data show that worldwide wind power production is very predictable, with annual variations remaining within a ± 3 % range. These results are based on irec index, the wind energy index covering 80% of the world’s onshore wind farms installed as of 2023. The study combines the irec wind energy indexes that Eoltech releases each month…

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BYD Partners with Mega Conglomerate to Introduce New Energy Vehicles in Pakistan

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electric-vehicles

In Islamabad, the renowned new energy vehicle manufacturer BYD (Build Your Dreams) from China has announced a strategic collaboration with local partner Mega Conglomerate (Private) Limited. This partnership aims to introduce innovative New Energy Vehicle (NEV) solutions in Pakistan, aligning with the country’s goals to reduce carbon emissions and promote energy-efficient transportation. BYD, recognized for its groundbreaking work in electric vehicle production and surpassing Tesla in 2023 for the highest number of electric vehicles manufactured globally, brings its expertise to Pakistan’s automotive industry. The collaboration is expected to accelerate the…

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Petroleum Demand Reaches 21-Month High, Indicating Economic Stability

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oil-and-gas

In Karachi, the demand for petroleum oil products surged to a 21-month high of 1.15 million tonnes in March, showcasing a positive trend towards economic stability. Data from the Oil Companies Advisory Council (OCAC) revealed that oil marketing companies (OMCs) experienced a 4% increase in sales compared to the same period last year and a 3% rise from the previous month of February. Premium products such as petrol and diesel saw a significant uptick of 9% in March 2024 compared to the previous year and a 4% increase month-on-month. Analysts…

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