Category: Shortcode

Discos dispute Nepra report on overbilling

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Nepra-KE-1

ISLAMABAD: The electricity distribution companies (Discos) operating under the Power Division on Tuesday conceded billing discrepancies highlighted by the power regulator Nepra in a recent inquiry report but downplayed the extent of the wrongdoings happening to consumers and attributed its veracity to the natural, human and technical factors. The “initial response” released by the Power Division comes days after it formed an “independent committee” led by a former power secretary, Irfan Ali, to review the basis and methodology of the Nepra inquiry report that found massive irregularities in meter reading,…

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OGDCL Announces Production Revival at KPD Field, Boosts National Energy Security

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Oil-Gas

ISLAMABAD, December 12, 2023: The Oil & Gas Development Company Limited (OGDCL) on Tuesday announced the revival of production at the Kunnar Pasakhi Deep (KPD) Field in a significant stride towards strengthening Pakistan’s energy landscape. This achievement is a testament to OGDCL’s commitment to addressing the decline in gas production and contributing to the nation’s socio-economic development.As part of its production optimization drive, OGDCL has implemented operational modifications and in-house compression arrangements, leading to the successful re-injection of gas from six low-pressure wells at the KPD Field. This initiative has…

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Aramco to acquire a 40% stake in Gas & Oil Pakistan

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Gas-Oil

DHAHRAN, Saudi Arabia, December 12, 2023 – Aramco, one of the world’s leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”). GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan. The transaction is subject to certain customary conditions, including regulatory approvals. The planned acquisition is Aramco’s first entry into the Pakistani fuels retail market, advancing the Company’s strategy to strengthen its downstream value chain…

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ECNEC approves 9 projects worth Rs. 371bn

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oil-gas.

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Monday approved nine projects of different sectors worth over Rs 371 billion. Caretaker Federal Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar chaired the meeting of the ECNEC here on Monday. The meeting was attended by the caretaker Minister for Planning, Development and Special Initiatives Sami Saeed, Federal Minister for Communications, Railways and Maritime Affairs Shahid Ashraf Tarar, federal secretaries and other senior officers from federal ministries and provincial departments participated in the meeting. The following projects…

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Air pollution: Pakistan needs policy change: US expert

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Air-pollution

LAHORE: Noted air quality scientist Dr. Mike Bergin, who works for clean air and air around the world with the support of the US State Department, has said that Pakistan can improve its air quality if its works on an emergency basis like the Chinese city of Beijing for pollution-free air and air. However, Pakistan needs 10 to 15 years to achieve the goals, he added. He expressed these views while talking to “Jang.” Mike Bergin, who came to Pakistan on the special instructions of the US government after the…

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