Category: Uncategorized

Nigeria to export first gasoline cargo to Asia from Dangote refinery, source says

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gasoline export

A 90,000 metric ton cargo of gasoline from Nigeria’s Dangote refinery will be sold out of the region for the first time and bound for Asia, a source familiar with the matter. Since the 650,000 barrel-per-day refinery started gasoline exports last year, the cargoes have stayed in west Africa. Mercuria is due to load the cargo on June 22, the source close to the deal said, speaking on condition on anonymity. A spokesperson for Mercuria did not immediately respond to a Reuters request for comment. “We sell our products to those who…

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Judge shuts down turbines over noise and slams ‘unimpressive’ wind farm owners

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power

High Court in Dublin orders permanent switch-off of three Nordex machines and payment of aggravated damages A judge ordered the shutdown of half of a project’s turbines and slammed the “seriously unimpressive” approach of the wind farm’s owner and operator as he ruled they have to compensate local residents over noise nuisance. A judgment at the High Court in Dublin requires the permanent switch-off of three of the six Nordex machines at the Gibbet Hill wind farm in Wexford, Ireland after a 12-year standoff with a couple whose home is…

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Nepra allows partial claims in response to KE write-off petition

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K electric

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has issued its decision on K-Electric’s write-off petition, allowing partial claims of PKR 50 billion against the company’s claims worth PKR 76 billion pertaining to the Multi-Year Tariff (MYT) control period spanning FY17-23. The power utility company had revised claims of unrecoverable amount of Rs 76.034 billion in receivables spanning seven years (2017–23) from Rs 67.902 billion pertains to the period prior to 2022 by including Rs 8.131 billion additional write-off claims for 2023. According to KE, it is important to highlight…

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Senate Tables Bill to Impose Levy on Gas-Based Captive Power Plants

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ISLAMABAD: The government on Wednesday introduced the Off the Grid Captive Power Plants Levy Bill, 2025 in the Senate, seeking to impose a new levy on natural gas-based captive power plants operating off the national grid. Deputy Prime Minister and Foreign Minister Ishaq Dar presented the bill as part of the supplementary agenda, drawing objections from Pakistan Tehreek-e-Insaf (PTI) lawmakers. They argued it was inappropriate to table a financial bill on a day reserved to honour the late Senator Prof Sajid Mir. However, Acting Chairman Syedaal Khan clarified that the…

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OGRA reduces imported LNG prices for May

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OGRA

The Directorate General of Petroleum Concessions (DGPC) has provisionally awarded 10 new onshore exploration blocks to MariEnergies, one of Pakistan’s largest exploration and production (E&P) companies. “These blocks have been awarded after competitive bidding on the basis of work units committed by various E&P companies in the Pakistan E&P Onshore Bid Round 2025 (30th April 2025) conducted by the DGPC,” MARI said in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, MARI will operate seven blocks as an operator. At the same time, the…

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