Tag: gas
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Petroleum dealers strike as OGRA directs oil companies to keep pumps open
The Oil and Gas Regulatory Authority (OGRA) and the Petroleum Division have issued a joint statement following the strike announced by the Petroleum Dealers Association, stating that petroleum products will be available nationwide. The statement directed oil marketing companies to keep pumps open and ensure continuous supply. According to the joint statement, the country has…
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Oil jumps, equities fall as Israeli attacks fan MidEast fears
Hong Kong, China – Oil prices rallied and equities fell Friday as reports said explosions had been heard in Iran and Syria, fuelling fears of an escalation of the Middle East crisis after last weekend’s retaliatory missile attack on Israel by Tehran. The reports followed another batch of data indicating the US economy remained in rude…
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Shayad abh gas aajaye gi? Sindh to draft policy to produce gas from Thar coal
The Energy Department of the Sindh government is planning to draft a policy for the production of liquid gas from coal, stated the Deputy Director Sindh Coal Authority (SCA) Asif Mangi in an interview with WealkthPK. SCA consultant Dr Farid A Malik has also said that Thar coal was declared a subject for gasification in…
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Iran Ambassador fears US may hinder Pak-Iran gas pipeline project
Iran’s Ambassador to Pakistan Dr Reza Amiri Moqaddam has said that the United States may create obstructions in the payment procedure of Pak-Iran gas project, however, both countries could find a solution to this. The Ambassador’s statement came after US Assistant Secretary of State Donald Lu, in a congressional hearing, gave caustic remarks regarding the…
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Shebaz Sharif wants uninterrupted gas, power supply during Ramazan
Prime Minister Shehbaz Sharif directed authorities on Monday to ensure uninterrupted gas and power supply, aiming to help people during the holy month of Ramazan. In a high level meeting on the petroleum sector, the premier instructed officials to give all possible support to private sector, local, and foreign investors in exploring and refining gas…
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Pakistan grapples with 23% surge in power generation costs amidst economic woes
In a startling development, the cost of power generation in Pakistan has surged by a staggering 23 per cent in January 2024, compared to the same period last year, reports the brokerage house Topline Securities.
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Four employees die in Kandhkot election commission office after gas leak
Four people have died after gas leaked in the rooms of Election Commission office in Tehsil Kundhkot, Geo has reported on Wednesday. The election commission office says that the four were employees of the Commission. They were sleeping in the room when they suffocated from the leaking gas. According to the election commission, three of…
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Saudi Arabia says ‘absolutely not’ to oil phaseout at COP28
AFP – DUBAI: Saudi Arabia’s energy minister has slammed the door shut on agreeing to phase out fossil fuels at the UN’s COP28 climate talks, setting the stage for difficult negotiations in Dubai. A tentative “phasedown/out” was included in a first draft of an agreement on climate action that delegates are haggling over during talks…
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Eight hours of gas supply this season too: Caretaker Federal Minister of Energy
The Caretaker Federal Minister of Energy, Muhammad Ali, has said that gas load-shedding will continue this year, similar to last year when gas was supplied for eight hours a day. This year, natural gas has reduced by 30 per cent whereas the demand is high and supply is low. In a statement, he highlighted that…
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Govt to cut per litre petrol price for low-income people by Rs100: Musadik Malik
The State Minister for Petroleum, Musadik Malik, announced on Monday a significant reduction of Rs100 in the price of petrol for low-income people. The minister stated during a news conference held in Islamabad that the wealthy will pay Rs100 more for petroleum products while the underprivileged will receive the same amount in relief. The specifics…