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Officials discuss speeding up key energy project, expanding cooperation in industry, transport, investment Iraq and Jordan have agreed to accelerate implementation of the Basra-Aqaba Strategic Oil Pipeline Project, one of the two countries’ largest joint energy investments, according to a statement from the Iraqi prime minister’s office. The agreement was reached on Thursday during a … Read more

[ Shandong Xinxu proposes refinery upgrade, offshore exploration, equipment manufacturing ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik has met with Hou Jianxin, Chairman of China’s Shandong Xinxu Group, to discuss expanding cooperation and investment opportunities in Pakistan’s energy sector, according to a statement issued on Thursday. Jianxin expressed strong interest in investing across Pakistan’s … Read more

[ FPCCI links proposal to upcoming Solar & Storage Expo, cites need to cut energy costs LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for a special concessional financing scheme at 3% markup for solar battery purchases, as the Pakistan Solar Association prepares to host the Solar & Storage Expo … Read more

[ Oil prices edged up on Friday before a long holiday weekend in the US, as wary optimism held ​over efforts to secure peace in the Middle East between the United States and Iran. Brent ‌futures climbed 46 cents, or 0.64%, to $72.26 a barrel as of 0407 GMT. West Texas Intermediate was up 32 … Read more