• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 45 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Solving The Space Problem For America’s Solar Industry
  • 5 days Investment in renewables tanking
  • 3 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
Why Green Energy Stocks Are Facing Headwinds

Why Green Energy Stocks Are Facing Headwinds

EV makers and clean energy…

Oil Prices Retreat On Mixed Messages From OPEC+

Oil Prices Retreat On Mixed Messages From OPEC+

Oil prices were down slightly…

U.S. Govt Considering Funding Pakistan’s Diamer-Bhasha Dam

A senior official in Pakistan’s Finance Ministry, speaking on condition of anonymity, said that the U.S. government is considering providing $1 billion for Pakistan’s Diamer-Bhasha dam over a period of five years.

The offer will reportedly be finalized during the upcoming Pakistan-U.S. strategic dialogue on energy, tentatively scheduled for 14-15 September.

The official said, "Carlos Pascual, the State Department special envoy and coordinator for international energy affairs, will lead the U.S. side while Finance Minister Dr Hafeez Sheikh will head the delegation during the two-day talks," The News Online reported.

The U.S. government has repeatedly expressed concern of the state of Pakistan’s energy infrastructure. Since 2008 the Pakistani government has spent hundreds of millions of dollars in the nation’s power sector attempting to resolve numerous issues including subsidies, inefficiency, mismanagement and line losses, which in turn has aggravated the country’s debt, which U.S. authorities label the main hindrance in attracting foreign investment in the nation’s power sector. As Washington has become increasingly aware that Pakistan is facing serious water problems the U.S. government has decided to help Pakistan build the dam to increase water storage capacity despite its misgivings about Pakistan’s energy sector.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News