Jura commences gas production from Guddu block in Pakistan
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6 January 2014
Jura Energy has announced the production of first gas from the Reti-Maru gas fields in the Guddu block, Pakistan.
According to the company, initial production is being controlled to allow buyer and seller facilities testing, commissioning, as well as pipeline packing.
Jura anticipates gross production to reach 12MMcfd in January 2014, once fully brought on-stream after the commissioning period. We will look forward to utilising the cash flows to accelerate value realization for shareholders.
The company is selling the gas to Pakistani fertiliser company Engro Fertilizers as the representative of a consortium of fertilizer companies pursuant to a gas sale agreement it entered in March 2013.
Policy solution finalised for Peugeot assembly plant
2021-01-20
There is light at the end of the tunnel for the N$190 million-dollar Peugeot Opel Assembly Namibia (POAN) venture at Walvis Bay as legislation to enable the exportation of the locally assembled vehicles into the Southern African region has been finalised. The exportation of vehicles from the factory, established in 2019, has been marred by an export tariff of 18% as a result of Rules of Origin provisions in previously agreed regional trade agreements. Government owns 49% in POAN whilst global automotive manufacturer, PSA Groupe, owns the remaining 49%.
However, according to deputy executive director in the Ministry of Industrialisation, Trade and SME Development, Michael Humavindu, the trade ministry, with support from the finance ministry, worked on policy solutions which are to be gazetted early this year to ensure the exportation of the vehicles.
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