Category: Shortcode

Ogra chief says gas tariff could go up

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LNG

LAHORE: Talking about the possibility of a gas tariff hike, Oil & Gas Regulatory Authority (Ogra) Chairman Masroor Khan has said costly liquefied natural gas (LNG) is being imported as domestic reserves deplete. Speaking at a public hearing on Monday on the Sui Northern Gas Pipelines Limited (SNGPL) petition for a review of its estimated revenue requirement and prescribed prices for the financial year 2023-24, he hinted at the likelihood of an upward revision in the gas tariff. “The prices of natural gas are increasing globally and its prices can…

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ARL shuts down two plants as OMCs snub local products

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New-ARL

KARACHI/ISLAMABAD: Attock Refinery Limited (ARL) has shut down two of its crude distillation plants due to reduced off-take of finished products by oil marketing companies (OMCs), raising concerns about gas shortages during the winter peak, officials said on Monday. The company’s decision follows reported inaction by the Oil and Gas Regulatory Authority (OGRA) and senior officials in the Petroleum Division against OMCs allegedly favoring imported products over ARL’s locally produced POL (petroleum, oil, and lubricants) products in key markets like Khyber Pakhtunkhwa, the northern areas, and the Potohar region. “The…

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Mari drills third horizontal well in Daharki

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MPCL-Project

KARACHI: Mari Petroleum Company Ltd has successfully drilled a third horizontal development well, which has been tested at the rate of around 17 million standard cubic feet per day (mmscfd) of gas. As opposed to a vertical well that’s drilled downwards, a horizontal one is drilled off a vertical borehole at an angle of at least 80 degrees. Mari-124H is located within Habib Rahi Limestone Reservoir of Mari gas field in Sindh’s Daharki area, the company told investors on Monday. “The well is part of the Mari Field Revitalisation Project…

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Nepra seeks urgent fees, more penalties on consumers

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The revised con­s­umer service manual unveiled by the power regulator Nepra introduces additional charges and stringent measures for electricity consumers, including a 14 per cent interest rate on bill instalments and an ‘urgent fee’ for priority connections. The proposed regulations — set to be discussed at a public hearing on Dec 19 before implementation — have been announced despite a surplus in capacity and declining consumption. The new consumer manual also seeks restrictions and penalties on multiple connections at one premises and higher penalties on detection bills that are…

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DEA GROUP OF COMPANIES CELEBRATES A RESOUNDING SUCCESS AT ITS 15TH ANNIVERSARY EVENT

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Dynamic-Engineering

An Evening of Reflection, Recognition, and Resilience Karachi, Pakistan – December 2, 2023 – Dynamic Engineering and Automation (DEA) Group of Companies is thrilled to announce the overwhelming success of its 15th-anniversary celebration, held on December 1, 2023. The event was a heartwarming testament to DEA’s journey of excellence and innovation over the past 15 years. Highlights of the Celebratory Evening: DEA welcomed esteemed guests, partners, and colleagues to an evening that encapsulated the company’s rich history and promising future. The event, held on December 1, unfolded as follows: Journey…

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