Four leading Pakistani state-owned oil
companies signed a Memorandum of Understanding (MoU) on July 28, 2023 with
Saudi Aramco to collaborate on a $10 billion greenfield refinery project at the
Gwadar Port. The MoU was signed by the CEOs of the four Pakistani companies:
20W-50 Engine oil is a type of
multi-viscosity engine oil commonly used in high-temperature environments or
older vehicles with looser engine tolerances. The "20W50"
specification indicates its viscosity rating, which means it has a higher
viscosity or thickness compared to lighter oils.
MODERN lifestyle would not have evolved without the widespread use of fossil fuels over the past century. The burning of coal, oil, and gas increased overall global prosperity, but their unabated greenhouse gas emissions were hardly priced in the economic growth model. And as mankind grapples with climate change in the so-called Anthropocene Age, the energy sector is decarbonizing and decentralizing in a fundamental shift.
Prime Minister Shehbaz Sharif of Pakistan has made several
statements regarding the country's economic and energy situation. Here are the
key points from his remarks:
Prime Minister Shehbaz Sharif stated that Pakistan has
managed to avoid a 'sovereign default.' This means that the country was able to
meet its debt obligations and did not default on its loans.
Improvements in Agriculture and Energy Sectors: The Prime Minister mentioned recent improvements…