Directs contractors to implement execution plan for project’s completion as per schedule Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) visited the Mohmand Dam Project to review construction progress on different key sites. He had a detailed visit of the inlets and outlets of the three diversion tunnels, the powerhouse, and the spillway. The GM/PD…
Staff Report The government has issued official/Gratis Passport to managing director Pakistan State Oil (PSO) Syed Muhammad Taha, Managing Director of Pakistan State Oil Company Limited (PSOCL). PSO works under the administrative control of the Ministry of Energy (Petroleum Division) and Managing Director was nominated to participate in the World Forum’s Special Meeting titled “Global…
The National Electric Power Regulatory Authority (NEPRA) has reserved judgment on a proposal by K-Electric (KE) to increase electricity rates by up to Rs 18 per unit over nine months, citing fuel adjustments. KE’s application seeks to raise rates to Rs 18.86 per unit from July 2023 to March 2024, potentially affecting consumers by Rs…
Russian energy behemoth Gazprom faced its first annual loss since 1999, marking a significant downturn attributed to dwindling gas exports and Western sanctions. The state-owned company reported a staggering net loss of 629 billion rubles (.7 billion) in 2023, in stark contrast to the .2 billion net profit recorded in 2022. This financial setback follows…
China’s imports of natural gas were up around 21% in the first four months of this year against the corresponding period in 2023. According to customs data, this is result of an overall exports and imports in April in wake of a contraction during the previous month. According to Chinese Customs, the country imported 43…
The exploration companies have called for granting 15% depletion allowance on aging fields rather imposing additional 15% well head value. Sources told Express tribune that oil and gas exploration companies say that there should be some more consideration to waive off the additional 15% well head value imposed (i.e. extra royalty other than 12.5%) on…
ISLAMABAD: Oil & Gas Development Company Limited (OGDCL), the operator of the Togh and Togh Bala Development and Production Lease (D&P.L), announced the successful commencement of production from the Togh-02 well from Lumshiwal-I Formation. The well is situated in the Kohat district of Khyber Pakhtunkhwa. The Togh-02 well is currently contributing 70 barrels of condensate…
The upgradation of existing oil refineries in Pakistan has hit a snag, with the failure of the regulator to sign implementation agreements on time. The Petroleum Division seeks six months extension in deadlines of signing agreements. As of the April 22, 2024 deadline, three refineries – Attock Refinery Ltd, National Refinery Ltd, and Pakistan Refinery…
National Electric Power Regulatory Authority (Nepra) has taken a notice of load shedding during Exams. It has come to the notice of NEPRA, through various channels including print media, electronic media, and complaints received by NEPRA, that during exam sessions, distribution companies have been carrying out load shedding. This practice has caused significant disruptions for…
Islamabad: The Competition Commission of Pakistan (CCP) has approved a merger in the thermal power sector. The approved transaction entails the acquisition of 20.97% shareholding of M/s. Orient Power Company (Private) Limited (OPCOL) by M/s. Whistler Enterprises (Private) Limited (WEL). M/s. Whistler Enterprises (Private) Limited, a recently incorporated private limited company under the Laws of…