Experts highlighted the critical importance of insurance for the sustainable development of multiple energy resources, including power, oil, and gas, aimed at promoting investment opportunities, innovations, and efficiencies within the sector in Pakistan. Speaking at the Energy Summit here in Karachi, Chairman Lockton MENA Ata Khatib said the energy sector...
Following the increase by FFBL of PKR 1350/bag, Engro Fertilizers has also adjusted urea rates by PKR 785 per bag including FED. Compared to a 175% increase in gas prices for the fertilizer sector on SNGP and SSGC networks, Engro has only increased 23% the price of its urea...
Pakistan Sustainability Week (PSW) alongside Solar Pakistan – 14th International Renewable Energy Exhibition and Electricity Pakistan – 7th International Exhibition for Energy, Storage and Power Industry organized by Fakt Exhibitions (Pvt.) Ltd. opened its doors on 27th February 2024 at Expo Centre Lahore. The exhibition was inaugurated by Chief Guest...
Leading international and local experts in the energy, power, infrastructure, risk management, and insurance sectors are set to gather for the groundbreaking Energy Summit 2024, hosted by Fidelity Insurance Brokers/Lockton in Karachi on March 5. The summit aims to promote dialogue, knowledge sharing, and networking, addressing key challenges and...
The Caretaker Cabinet has approved a significant gas pipeline project with Iran, signaling a pivotal development in bilateral cooperation. This decision, greenlit by the interim government, underscores the strategic importance of fostering energy ties between Pakistan and Iran. Key Aspects of the Gas Pipeline Project Approval: Bilateral Collaboration: The approval reflects...
In a concerning trend, power generation in Pakistan continues to experience a decline, coupled with a notable increase in fuel costs. The month of January 2024 witnessed a 23% surge in fuel expenses, posing challenges to the country's energy sector and raising questions about the sustainability of power production. The...
Engro Fertilizers welcomes the fact that the government has taken a bold first step by removing the subsidy for fertilizer manufacturers that get their gas from the SNGPL network, which represents 60% of all fertilizer manufacturing capacity. They have done that by increasing the feedstock prices from PKR 580/mmbtu to...
In a significant move, Mari Petroleum is gearing up to acquire a working interest in two exploration blocks currently under the management of its Canadian subsidiary. This strategic decision holds considerable implications for Mari Petroleum's exploration and production endeavors and is poised to shape the company's footprint in the...
In a recent development, the Cabinet Committee on Energy has given its nod to crucial amendments in the Refineries Policy 2023. This decision holds significant implications for the energy sector, shaping the trajectory of refinery operations and policies governing their functions. Key Considerations in the Approved Amendments to Refineries Policy...
The Petroleum Division of the Ministry of Energy is gearing up to host the much-anticipated Petroleum Conference 2024 in the capital city, Islamabad. This strategic initiative is set to bring together industry leaders, experts, and stakeholders to deliberate on crucial aspects of the petroleum sector, fostering discussions on innovation,...