Islamabad, August 13, 2024: In commemoration of Pakistan’s 77th Independence Day, the Oil and Gas Regulatory Authority (OGRA) has launched the “Plant for Pakistan” initiative, reflecting the nation’s commitment to combating the adverse impacts of climate change. The eco-friendly drive was inaugurated by OGRA Chairman, Masroor Khan, who planted a tree alongside Members of the Authority and OGRA employees. The…
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ISLAMABAD, August 13, 2024: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest petroleum exploration and production company, on Tuesday announced a major gas discovery from its exploratory well Chak 202—1 in the Mari East Block, located in Rahim Yar Khan district of Punjab.The exploratory well Chak 202—1 was spudded on June 29, 2024, utilizing OGDCL’s in-house expertise and cutting-edge…
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Islamabad, Pakistan – In a welcome move, the Pakistan government has announced a significant reduction in petroleum prices, just in time for the country’s 77th Independence Day celebrations. The price of petrol has been decreased by Rs 8.47 per liter, bringing the new price to Rs 260.96 per liter. Similarly, the price of diesel has been reduced by Rs 6.70…
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ISLAMABAD: In a significant development, Russia has informed Pakistan that its LNG export terminals will be operational by 2026, paving the way for potential gas trade between the two nations. Both countries are actively exploring future LNG transactions, especially as Pakistan’s long-term LNG agreements with Qatar approach a critical price re-opening phase in 2026, according to a senior official from…
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LAHORE: The National Transmission and Despatch Company Limited (NTDC) has successfully enhanced the power transmission capacity at the 500 kV Grid Station Sheikhupura by installing a new 250 MVA autotransformer. The augmentation involved replacing the existing 160 MVA, 220/132 kV autotransformer (T-8) with the more powerful 250 MVA, 220/132 kV autotransformer. The Project Delivery (North) Lahore team completed the installation…
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ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), a state-owned enterprise, has successfully initiated the early commercial production of tight gas from Pakistan’s first Tight Gas project at Nur West Well-1, located in Sujawal district, Sindh. The Nur West Well-1, part of the Nur Development & Production Lease, is currently producing 1.5 million standard cubic feet per day (mmscfd)…
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ISLAMABAD: The prices of major petroleum products, including petrol and high-speed diesel (HSD), are expected to decrease by up to Rs9.20 per litre for the second half of August, driven by declining international prices. According to informed sources, international prices for petrol and HSD have dropped by over $3 per barrel in the past two weeks. This reduction could result…
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The Water and Power Development Authority (WAPDA) is on the brink of a major milestone at the Mohmand Dam Hydropower Project, as the diversion tunnels have been completed, setting the stage for the diversion of the Swat River in the coming days. The river diversion will follow the finalization of the river-closure-dyke, despite the challenges posed by the high-flow season.…
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KARACHI (August 12) – Sindh Chief Minister Syed Murad Ali Shah visited Indus Motor Company’s (IMC) manufacturing facility at Port Qasim Authority, emphasizing his government’s commitment to fostering the large-scale production of hybrid electric vehicles (HEVs) in Pakistan. During his visit, Chief Minister Shah toured IMC’s state-of-the-art facility and received a comprehensive briefing on the latest production processes, including the…
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ISLAMABAD, August 12, 2024: Oil and Gas Development Company Limited (OGDCL) on Monday announced the successful commencement of early commercial production of Tight Gas from Pakistan’s first-ever Tight Gas project, Nur West Well-1 at the Nur Development & Production Lease (D&PL), located in the Sujawal district of Sindh.The Nur West Well-1 is currently producing 1.5 Million Standard Cubic Feet per…
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