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Day: December 26, 2024

OGDCL Revives and Enhances Oil Production from Pasakhi-5 Well in Hyderabad, Sindh

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oil production

ISLAMABAD, December 26, 2024: Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has successfully revived and enhanced oil production from the Pasakhi-5 well, located in Hyderabad district of Sindh. The well is part of the Pasakhi Development & Production Lease (D&PL), with OGDCL holding a 100% working interest.As part of a strategic optimization initiative, OGDCL…

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OGDCL Boosts Oil Production with Revived Well in Hyderabad

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Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has significantly enhanced oil output by reviving its Pasakhi-5 well in Hyderabad district, Sindh. In a notice to the Pakistan Stock Exchange (PSX), OGDCL announced that the Pasakhi-5 well, part of the Pasakhi Development & Production Lease where it holds a 100% working interest, has undergone a…

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Sapphire Electronics Partners with Samsung for Local Production in Pakistan

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New-Samsung

KARACHI: Sapphire Electronics (Pvt) Limited, a subsidiary of Reliance Cotton Spinning Mills Limited (RCML), has announced a strategic partnership with Samsung Electronics to locally manufacture, assemble, and sell Samsung-branded electronic products and home appliances in Pakistan. The announcement, disclosed in a notice to the Pakistan Stock Exchange (PSX) on Monday, stated: “Sapphire Electronics (Pvt) Limited, a wholly owned subsidiary of…

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SNGPL Clarifies Gas Curtailment Claims

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SNGPL-Office

ISLAMABAD: In response to recent reports regarding gas field closures in favor of imported RLNG and alleged economic losses, Sui Northern Gas Pipelines Limited (SNGPL) has issued a clarification refuting key points in the published story titled “Local Gas Cuts Cause $194m Loss to Economy in 4 Months.” SNGPL stated that the indigenous gas fields were temporarily closed only in…

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Gas Pipeline Sabotage Halts Supply to Upper Balochistan and Quetta

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iranian gas

ISLAMABAD: A sabotage attack by unidentified miscreants severely damaged an 18-inch diameter gas pipeline of Sui Southern Gas Company (SSGC) near Akhtarabad, Quetta, disrupting gas supplies to Upper Balochistan and Quetta City. According to an initial report from the Bomb Disposal Squad, the pipeline near the Western Bypass was targeted, causing significant damage. SSGC’s technical teams promptly responded to extinguish…

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Ministry Urged to Expedite Approval of Revised PC-1 for 2,160MW Dasu Project

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Dasu-Dam

ISLAMABAD: The Ministry of Economic Affairs (MoEA) has called on the Ministry of Water Resources (MoWR) to fast-track the submission and approval of the revised PC-1 for the 2,160MW Dasu Hydropower Stage-1 project. This step is critical to ensuring the timely signing and implementation of the loan and financing agreements, as per sources in the Economic Affairs Division (EAD). During…

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Russian LPG Prices Plummet by Half Amid Sanctions

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lpg

MOSCOW: Domestic liquefied petroleum gas (LPG) prices in Russia dropped sharply in December, halving compared to the previous month, due to a surge in supply following European Union sanctions that curbed exports, according to Reuters calculations. The EU sanctions on Russian LPG, effective December 20, were driven by proposals from Poland, historically one of Russia’s largest LPG importers. LPG, comprising…

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