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.
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K-Electric Planned Rs 484 Billion Investment Affirms Commitment to Quality Services, Says CFO
Karachi, November 28, 2023 – Aamir Ghaziani, the Chief Financial Officer of K-Electric, expressed the company’s dedication to providing high-quality services as he announced the planned Rs 484 billion investment and the proposed addition of 1,200 MW of renewable energy.
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Government Recovers Rs 34 Billion in Unprecedented Crackdown Against Power Theft
Islamabad, November 26, 2023 – The government of Pakistan has successfully recovered an astounding Rs 34 billion during its ongoing crackdown against power theft.
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OGDCL Successfully Completes Khewari Project, Boosting Gas Supply
Karachi, November 22, 2023 – The Oil and Gas Development Company Limited (OGDCL) announced the successful completion of the Khewari (Suleman 1 & 2) Development Project, marking a significant milestone in the company’s efforts to enhance gas production.
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Pakistan Refinery Strikes Deal to Double Refining Capacity
Karachi, November 21, 2023 – Pakistan Refinery Limited (PRL) announced a groundbreaking agreement on Tuesday, signaling a transformative phase in its operations. The refinery has inked a pivotal license agreement with industry giants Honeywell UOP and Axens for its ambitious Refinery Extension and Upgradation Project (REUP).
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Pakistan Petroleum Limited Announces Major Gas Discovery in Sindh Province
Karachi, November 20, 2023 – Pakistan Petroleum Limited (PPL) revealed on Monday a significant breakthrough in the energy sector with the discovery of gas and condensate in District Sujawal of the Sindh Province.
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U.S. Treasury Imposes Sanctions on Maritime Entities Violating Coalition Price Cap on Russian Crude Oil
WASHINGTON, November 16, 2023 – In a significant move aimed at curbing financial support for Russia’s invasion of Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on three maritime entities and designated three vessels as blocked property.
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Citizens Rejoice as Government Extends Sales Tax Holiday on Petroleum Products
Karachi, November 16, 2023 –The citizens in Pakistan are set to continue enjoying a sales tax holiday on the purchase of petroleum products throughout the second half of November 2023 in a move of the government aimed at providing relief to the masses amidst a global economic downturn.
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Pakistan Slashes Petroleum Prices, Effective from November 16
In a move aimed at providing relief to the general public, the Pakistani government has announced a significant reduction in the prices of petroleum products, effective from Thursday, November 16, 2023.
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