Global energy demand & energy-related carbon emissions will keep rising through 2050, with oil remaining the most significant energy source just ahead of surging renewables. The 2050 projection underscores the stark challenges of transitioning from curbing global warming emissions & fossil fuels.
EIA predicts global energy demand to increase 47% in the upcoming 30 years, driven by population and economic growth in developing Asian countries, requiring hiked oil and natural gas production absent technological breakthroughs and significant policy changes.
The Digits:
Liquid fuel will serve 28% of global energy demand by 2050 as compared to renewables at 27%.
Experts see that energy-related carbon dioxide emissions will continue to increase through 2050, even as carbon and energy intensity falls in developed and developing countries.
Petrol Pump Business Plan in Pakistan | Profiting from 2025-2027
Pakistan’s dying petroleum oil refineries are pushed at an advanced stage of heavy investment-led, aiming upgrades to remain in business. Almost all of them operate at half of their installed capacity due to the production of out-of-demand products like furnace oil.
The output of the outdated product spills over the storage capacity and obstructs the creation of co-products in demand from crude oil. Due to the gas crisis in the country over the past few years, the government lifted the ban on using furnace oil for electricity production.
Besides being the most expensive option to produce power, it causes higher pollution than low-priced gas and becomes a climate change concern.
Upgrading refineries, including replacing lower-grade diesel and petrol with the advanced ones Euro-5 and Euro-6, would substantially reduce the country’s dependency on refined oil products import and return refineries to profit by 2025-27.
JINN Petroleum is on its mission to serve the nation
With our core focus on retail marketing and technology-equipped depot, we’re serving the nation with 70+ JINN Petrol Pump In Pakistan at key locations.
Retail marketing is a core focus of the company. This segment operates as the ultimate profit driver of the business. JINN Petroleum Pvt. Ltd. plans to establish itself as one of Pakistan’s leading oil marketing companies.
We aim to provide top-quality products and exceptional service to consumers and contribute to the development of the state.
