Last update: Sat, 22 Oct 2016 06am

Fuel and Energy: Pakistan


The Oil and Gas Regulatory Authority (Ogra) has made it mandatory for all Oil Marketing Companies (OMCs) to install tracking system at all the oil storage facilities across the country. Atif Sajjad, an Ogra official said this while briefing sub-committee of Senate Standing Committee on Petroleum and Natural Resources which met here with Senator Taj Mohammad Afridi in the chair. Senator Mohammad Yousaf Badini informed the participants that in district Taftan and other Pakistan-Iran border areas, Iranian-smuggled diesel and petrol was being sold openly without any restriction.
Energy Week was organized at Attock Refinery Limited Rawalpindi from October 17th to 21st 2016 in-line with World Energy Day, "22nd October". Objective of this celebration was to motivate employees, make them energy conscious, renew their commitment, and achieving greater contribution towards energy conservation at workplaces. Energy talks were conducted and energy ideas were presented by the internal stakeholders.
Speakers at a conference called for adopting alternative sources of energy such as solar and wind to overcome its crisis as thermal, hydel and nuclear power plants are not fulfilling the demands of energy. They said that fossil fuels are destroying our environment and polluting water and air besides damaging the human health.
Pakistan State Oil (PSO), the leading oil marketing company of the country, held its 40th Annual General Meeting (AGM) at a local hotel here. The meeting was chaired by Sheikh Imran ul Haque, Managing Director and CEO of PSO. Present at the meeting were Yacoob Suttar, CFO; Raza M Qizilbash, Company Secretary and other members of the management.
The government is neither constructing any Liquefied Natural Gas (LNG) terminal on Bundal Island in Karachi nor it has any plan to construct the one in future. This was told to a Senate sub-committee of the Standing Committee on Climate Change on Friday during a briefing in the Parliament House. Meeting of the committee was held under the chair of Senator Samina Abid wherein issue of the LNG terminal was discussed in detail.
The Price Negotiation Committee (PNC) is going to hold final round of talks with the China Petroleum Pipeline (CPP) in the current month for establishment of a Liquefied Natural Gas (LNG) terminal at the Gwadar deep seaport. "For LNG terminal at Gwadar, PNC has held several meetings with CPP to negotiate price. The final round of price negotiations is expected this month whereafter the recommendations of the PNC will be submitted to the Economic Co-ordination Committee (ECC) of the cabinet for approval,"
Former Water and Power Development Authority (Wapda) Chairman Lieutenant General Zulfiqar Ali Khan (retd), Member Water Ahmed Khan Bhatti, Member Power Asghar Ali Randhawa, Member Finance Javed Nizam and others have been found collectively responsible for alleged irregularities and corruption in the Kachhi Canal project. The Prime Minister had directed the Ministry of Planning, Development and Reforms to co-ordinate in the Technical and Financial Audit of project through the engagement of a professional firm.