KARACHI, May 22, 2024 – Chinese companies have expressed keen interest in partnering with Pakistan Refinery Limited (PRL) on its ambitious Refinery Expansion and Upgrade Project (REUP).
(more…)Category: Energy
You can go through stories related to energy. The stories are about changes in petroleum prices and updates on energy sector of Pakistan and world.
-
CCP Grants Exemption for Aramco and GO Petroleum Deal
Islamabad, May 21, 2024 – The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on specific clauses of a product supply agreement between Aramco Trading (ATC) Fujairah FZE Ltd and Gas and Oil Pakistan Ltd (GO Petroleum).
(more…) -
Pakistan Records 13.7% YoY Fall in Power Generation in April
Pakistan experienced a significant decline in power generation in April 2024, recording a 13.7 percent year-on-year (YoY) fall. According to the latest data, the country generated 8,639 GWh (11,612 MW) in April 2024, down from 10,010 GWh (13,903 MW) in April 2023.
(more…) -
NEPRA Approves K-Electric’s PAP for 2024-2028
Karachi, May 20, 2024 – K-Electric Limited (KEL) announced on Monday that the National Electric Power Regulatory Authority (NEPRA) has approved its Power Acquisition Programme (PAP) for the fiscal years 2024 to 2028.
(more…) -
ADB Approves $148.5 Million to Enhance Indian Electricity System
The Asian Development Bank (ADB) has greenlit a loan of $148.5 million aimed at bolstering the electric distribution system and improving the resilience of the electricity supply in Sikkim, India.
(more…) -
Pakistan Slashes Petrol Price by Rs 15.39 per Liter from May 16th
In a bid to alleviate the economic burden on its citizens amidst the backdrop of declining global fuel prices, Pakistan has announced a significant reduction in the price of petrol by Rs 15.39 per liter.
(more…) -
Pakistan Raises Petroleum Prices Amid Global Decline: SBP
The State Bank of Pakistan (SBP) has highlighted in its half-yearly report for July to December 2023-24 that Pakistan increased domestic petroleum prices despite a global downturn in oil markets.
(more…) -
Citizens Hope Big Relief in Petroleum Prices from May 16th
Citizens of Pakistan may soon enjoy a significant reduction in petroleum prices, with announcements expected to bring relief starting May 16th, 2024.
(more…) -
Pakistan Anticipates Sharp Cut in Petroleum Prices
Karachi, May 13, 2024 – Pakistan citizens are brimming with anticipation as the government gears up to potentially unveil a significant reduction in petroleum prices, set to take effect from May 16, 2024.
(more…) -
Saudi Arabia Signals Investment in Pakistan’s Refinery Sector
Islamabad, May 11, 2024 – Saudi Arabia has signaled its eagerness to invest in Pakistan’s refinery sector, marking a pivotal moment in bilateral economic cooperation.
(more…)