Tag Archives: The Nation Magazine

Pakistan can attract foreign investment in manufacturing of solar panels and allied equipment at local level provided it formulates policies that deliver legal safeguards to investors and guarantee a consistent regulatory framework. Talking to WealthPK, Mustafah Abdullah, a wind and solar energy project developer and Chief Executive Officer of Moro …

The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments. OPEC Secretary-General, Haitham Al Ghais said this in a statement obtained while responding to the latest comments by the IEA again criticising OPEC and OPEC+. Al …

A Japan’s leading trading company has reportedly offered Pakistan to sell Russian oil and Nigerian Liquified Natural Gas (LNG) to Pakistan at 35 per cent less than the global market’s prices. The Japanese company partners with an Irish company for the purpose. It is learnt that the representative of the …

The Organisation of Petroleum Exporting Countries (OPEC), has said the Document of Cooperation between the cartel and non-OPEC members has stabilised the oil market. OPEC Secretary-General, Haitham Al Ghais, in a statement at the weekend to mark the sixth year of the agreement, added that it has also helped in …

Non-member of the Organisation of Petroleum Exporting Countries or OPEC+ is likely to stick to a deal to add 400,000 barrels per day (bpd) to its output for November when it meets next week, sources said, despite oil hitting a three-year high above $80 a barrel and pressure from consumers …

Moscow is considering making a proposal that the group should ease a global supply deficit by increasing output, according to Russian officials familiar with the matter. Other OPEC+ nations are also discussing a potential supply hike in August, although specific numbers haven’t been mentioned, said a delegate. Crude just hit …

Tehran can increase its oil production to 6.5 million barrels per day, more than double the current volume without any problems, Bijan Zanganeh, the Iranian oil minister, said on Monday as published by the ministry’s Shana portal. US Imported Oil Twice From Iran in Last Two Quarters Despite Sanctions, EIA …

The US government on Thursday ramped up sanctions and restrictions on Chinese firms over Beijing’s actions in the disputed South China Sea, and the security threat posed by technology. In a wide ranging series of steps unveiled in the waning days of President Donald Trump’s administration, Washington targeted state oil …

The Organisation of Petroleum Exporting Countries (OPEC) at the weekend said it was going to explore the future of blue hydrogen, digitalisation in the energy sector and cyber security and blockchain technology. Its Secretary-General Mohammad Barkindo, said the oil and gas sector has always been keen on deploying the latest …

Oil prices collapsed to their lowest levels in decades in March amid coronavirus concerns and OPEC+’s failure to reach a deal on production cuts, which prompted Riyadh and its allies to open the taps. Refineries in the United States and Europe are rejecting to accept any more Saudi Oil, even …