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Pakistan’s top energy companies join hands for green hydrogen projects

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ISLAMABAD, March 30 (Xinhua) — Top exploration and production companies of Pakistan here on Wednesday joined hands to explore and pursue green hydrogen prospects within and outside the country, said the Petroleum Division of the Ministry of Energy.

According to the statement issued by the Petroleum Division, five leading companies, namely Oil & Gas Development Company Limited, Pak-Arab Refinery Limited, Pakistan Petroleum Limited, Mari Petroleum Company Limited, and Government Holdings (Private) Limited, signed a memorandum of understanding (MoU) for joint ventures in future.

The MoU will be initially effective for two years from the date of signing and it will engage consultants and advisors to explore the opportunities.

Under the MoU, the companies will also establish a joint fund to raise equity for joint ventures and green energy initiatives, said the statement.

Additional Secretary of the Petroleum Division Muhammad Mahmood, who witnessed the event, said that the collaboration could drive the energy transition towards a more sustainable future, leveraging each company’s expertise and resources.

“This collaboration is a significant step towards building a more sustainable future for Pakistan and beyond,” added the official.

On the occasion, Managing Director of the Oil & Gas Development Company Limited Ahmed Hayat Lak said, “we are confident that by leveraging our collective expertise and resources, we can accelerate the energy transition and create a greener, cleaner, and more prosperous future.”

Source(s): Xinhua

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President calls for SIDS to lead with resilience and innovation

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President Dr. Mohamed Muizzu has urged Small Island Developing States (SIDS) to become beacons of resilience and innovation. He made the statement in his national statement at the Plenary of the Fourth International Conference on SIDS.

President Dr. Muizzu emphasised the importance of SIDS believing in their ability to navigate developmental challenges, stating, the vulnerabilities should not be the downfall; they should be our armor and the rallying call. He proposed three key ways in which SIDS can seek support from the international community.

As such, the president stressed that the international community must lower borrowing costs and provide SIDS with access to credit enhancement measures. In addition, president called on bilateral partners to employ more creative financial solutions, such as retractable financing, to better support SIDS. The president highlighted the need for a coordinated and cooperative approach involving the United Nations (UN) system, international development organisations, and private sector financiers. He also urged SIDS to strengthen their institutions and collaborate with the private sector.

The International Conference on Small Island Developing States (SIDS) is a UN conference held every four years. President Dr. Muizzu is currently in Antigua and Barbuda for the summit, where he will deliver key remarks at several events and engage with other leaders of SIDS.

Source(s): PsmNews

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President discusses climate infrastructure funding with EIB

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President Dr. Mohamed Muizzu has held discussions with Vice President of the European Investment Bank (EIB) Ambroise Fayolle, on the sidelines of the Fourth International Conference on Small Island Developing States (SIDS) in Antigua and Barbuda.

In their discussions, President Dr. Muizzu conveyed his deep appreciation for the EIB’s longstanding support and reiterated his administration’s commitment to further strengthening these valuable ties.

The meeting centered on exploring collaborative opportunities to fund climate-resilient infrastructure projects. President Dr. Muizzu emphasised the importance of initiatives such as seawalls, shore protection, water management systems, and renewable energy projects to effectively combat the impacts of climate change.

Concluding the meeting, both leaders exchanged insights on renewable energy, climate mitigation, and adaptation strategies, underscoring their shared dedication to addressing the pressing challenges of climate change.

Source(s): PsmNews

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WHA’s Rejection of the Proposal on Taiwan

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Chinese Foreign Ministry Spokesperson’s Remarks on the 77th WHA’s Rejection of the Proposal on Taiwan

On May 27, the General Committee and the Plenary Session of the 77th World Health Assembly (WHA) respectively decided to reject the so-called proposal of “inviting Taiwan to participate in the WHA as an observer” submitted by certain countries. This has been the eighth year in a row that the WHA has rejected the so-called proposal concerning Taiwan. China’s position on Taiwan-related issues at the WHA is widely understood and supported by the international community. Over 100 countries explicitly expressed support for China’s position by writing to the WHO Director-General and through other means. This fully demonstrates that the one-China principle is where global opinion trends and the arc of history bends, and must not be challenged.

The Chinese central government attaches great importance to the health and well-being of our compatriots in Taiwan. Taiwan’s medical and health experts can participate in WHO technical meetings under the prerequisite that the one-China principle is upheld. Over the past year alone, medical and technical experts from China’s Taiwan region took part in WHO technical activities 21 times, which involved 24 participants, and all the applications were approved by the central government. There is an International Health Regulations Contact Point in the Taiwan region for it to promptly access and report to the WHO concerning information related to health emergencies. The Taiwan region has sufficient and unimpeded channels to participate in the technical communication and cooperation in the WHO. There is no such thing as a “gap” in global anti-epidemic efforts. Compared with a handful of countries’ political manipulation that trumpets Taiwan’s participation in the WHA, the central government’s proper arrangement and concrete actions demonstrate real meaning and sincerity for the livelihood and well-being of our compatriots in Taiwan.

Once again we would like to make it clear to the DPP authorities: the abiding commitment of the international community to the one-China principle is unshakable and the trend that China will be reunified is not to be reversed. “Taiwan independence” runs contrary to the interests of our compatriots in Taiwan, and any attempt to seek “Taiwan independence” by relying on external forces leads nowhere. Meanwhile, we urge certain countries to stop distorting and challenging UNGA Resolution 2758, stop fudging and hollowing out the one-China principle, stop politicizing health issues, and stop interfering in China’s internal affairs by exploiting the Taiwan question. Using Taiwan to contain China will only end in failure.

Source(s): Chinese Foreign Ministry

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