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,...
In a call for a comprehensive and sustainable energy shift, experts are urging the government to chart a clear path towards the widespread adoption of renewable energy. The push for a holistic transition comes as the world increasingly recognizes the importance of sustainable energy sources to combat climate change...
Committed to enabling access to affordable power and bolstering the energy security for its customers, the CEO of K-Electric (KE) Mr. Moonis Abdullah Alvi, and the CEO of The Hub Power Company Limited (HUBCO) Mr. Kamran Kamal, signed a Memorandum of Understanding (MoU) to explore the opportunity for off-take...
In a significant move, the Finance Ministry is gearing up to release Rs 30 billion to Pakistan State Oil (PSO) this week. This financial injection is a strategic step aimed at addressing the financial needs of PSO, a crucial player in the energy sector, and ensuring the smooth functioning...
Pakistan's power sector is currently undergoing substantial reforms. These initiatives, collectively referred to as "Power Sector Reforms," aim to address critical challenges, enhance efficiency, and create a sustainable and transparent energy framework in the country.
The impetus behind these Power Sector Reforms lies in the commitment to meeting the conditions...
