State-controlled energy company China National Petroleum Corporation claims to have found a brace of fresh production of shale oil and gas that are two billion tonnes in size. China has a large population and therefore, huge shale oil and gas production will help meet its energy needs. It is also importing oil and gas from…
The richest Americans have boosted their wealth by $195 billion $195 billion in the first 100 days of Biden’s administration amid the Covid-19 Pandemic. US President Joe Biden wants rich Americans to pay their fair share of taxes, but it turns out they have become the main beneficiaries of his presidency. According to Bloomberg, the…
European Union (EU) Parliament has passed a resolution calling for the temporary withdrawal of this status of GSP+ status to Pakistan in light of the current event. It also demanded that the Commission and the European External Action Service (EEAS) should immediately review Pakistan’s eligibility for GSP+ status following current events. The European Union (EU)…
MANILA, Philippines: Asian Development Bank (ADB) has projected the Gross Domestic Product (GDP) of China to expand 8.1 percent in China this year despite persistent uncertainty over the coronavirus (COVID-19) epidemic. The bank has informed in a new report it released on Wednesday. In this Asian Development Outlook (ADO) 2021, in ADB‘s major annual economic…
According to the Food and Agriculture Organization of the United Nations (FAO), global food prices rose for the ninth consecutive month in February, with sugar and vegetable oil leading six-year highs. The agency said its food price index rose 2.4 percent month-on-month to 116.0 points in February. This gauge, which detects monthly changes in international…
News Desk The Saudi energy giant has awarded contracts for the four main EPC packages of the South Ghawar unconventional gas field development project. Aramco has awarded contracts for the four main packages that are part of its estimated $2bn South Ghawar unconventional gas field development project, according to a source. The South Ghawar shale…