{"id":66334,"date":"2020-06-07T10:00:42","date_gmt":"2020-06-07T05:00:42","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66334"},"modified":"2020-06-05T21:07:29","modified_gmt":"2020-06-05T16:07:29","slug":"govt-to-sell-unutilised-energy-sector-assets","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-to-sell-unutilised-energy-sector-assets.html","title":{"rendered":"Govt to sell unutilised energy sector assets"},"content":{"rendered":"\n<p>Islamabad: The government has intimated its decision to sell the energy sector\u2019s unutilised and dead assets, according to a news report. Specifically, it plans to get rid of the assets of state-run oil and gas companies due to their declining revenues in the wake of the COVID-19 outbreak.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/saudi-company-invest-usd-4-bn-balochistans-energy-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">Saudi company to invest USD 4 bn in Balochistan\u2019s energy sector<\/a><\/p>\n\n\n\n<p>For this purpose, it has formed a think tank \u2013 under the supervision of Special Assistant to Prime Minister on Petroleum Nadeem Babar \u2013 to identify the ongoing pandemic\u2019s impact on the energy and production (E&amp;P) sector and to come up with viable suggestions on how to effectively dispose of the dead assets.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/power-division-urged-expedite-finalisation-renewable-energy-policy.html\" target=\"_blank\" rel=\"noreferrer noopener\">Power Division urged to expedite finalisation of renewable energy policy<\/a><\/p>\n\n\n\n<p>A member of this think tank, Pakistan Refinery Limited (PRL) Managing Director (MD) Zahid Mir stated that low petroleum demand due to the lockdown has caused many refineries to shut down. He added that this resulted in numerous oil and gas fields closing down as well, adding up to huge revenue losses. The MD said that power plants using Liquefied Natural Gas (LNG) have also shut down but the LNG is still being imported to fulfil the already agreed-upon contracts.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/reforms-energy-sector-will-continue-provide-relief-people-pm.html\" target=\"_blank\" rel=\"noreferrer noopener\">Reforms in energy sector will continue to provide relief to people: PM<\/a><\/p>\n\n\n\n<p>The think tank is tasked with identifying how the COVID-19 infection has impacted the E&amp;P sector, and what innovative measures can be taken to counter these affects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government has intimated its decision to sell the energy sector\u2019s unutilised and dead assets, according to a news report. Specifically, it plans to get rid of the assets of state-run oil and gas companies due to their declining revenues in the wake of the COVID-19 outbreak. Read: Saudi company to invest USD 4 bn in Balochistan\u2019s energy sector For this purpose, it has formed a think tank \u2013 under the supervision of Special Assistant to Prime Minister on Petroleum Nadeem Babar \u2013 to identify the ongoing pandemic\u2019s impact on the energy and production (E&amp;P) sector and to come up with viable suggestions on how to effectively dispose of the dead assets. Read: Power Division urged to expedite finalisation of renewable energy policy A member of this think tank, Pakistan Refinery Limited (PRL) Managing Director (MD) Zahid Mir stated that low petroleum demand due to the lockdown has caused many refineries to shut down. He added that this resulted in numerous oil and gas fields closing down as well, adding up to huge revenue losses. The MD said that power plants using Liquefied Natural Gas (LNG) have also shut down but the LNG is still being imported to fulfil&hellip;<\/p>\n","protected":false},"author":58,"featured_media":66335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[31136,31137,31138,31135],"persona":[],"class_list":{"0":"post-66334","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-energy-sector","9":"tag-energy-sector-in-pakistan","10":"tag-govt-to-sell-unutilised-energy-sector-assets","11":"tag-unutilised-energy-sector-assets","12":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to sell unutilised energy sector assets - Zameen News<\/title>\n<meta name=\"description\" content=\"Specifically, it plans to get rid of the assets of state-run oil and gas companies due to their declining revenues in the wake of the COVID-19 outbreak.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-to-sell-unutilised-energy-sector-assets.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to sell unutilised energy sector assets - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Specifically, it plans to get rid of the assets of state-run oil and gas companies due to their declining revenues in the wake of the COVID-19 outbreak.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-to-sell-unutilised-energy-sector-assets.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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