Author: Admin

OGDCL Boosts Production at Rajian Well-05 with ESP Installation in Chakwal

Admin
OGDCL

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has successfully increased oil and gas production at its Rajian Well-05 in Chakwal District by installing an Electrical Submersible Pump (ESP), demonstrating the company’s continued commitment to enhancing field performance through advanced technologies. Following a planned workover and ESP deployment, output from Rajian-05 surged to 3,100 barrels of oil per day (BPD) and 1.0 million standard cubic feet per day (MMSCFD) of gas. Previously, the well had been producing only 820 BPD of oil and 0.5 MMSCFD of gas. The Rajian…

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Exchange Rate Adjustment, Levy Hikes Push Up Diesel Price Despite Petrol Cut

Admin
fuel-price

ISLAMABAD: High-Speed Diesel (HSD) prices have increased by Rs 1.48 per litre in the latest fortnightly review for August, largely driven by a Rs 3.21 per litre exchange rate adjustment applied to Pakistan State Oil (PSO), the country’s primary fuel importer. The Finance Division, in its Thursday announcement, also revealed a significant Rs 7.54 per litre cut in petrol prices, reflecting international market trends. However, several policy-driven adjustments contributed to the uptick in diesel pricing. One of the key factors was the rise in the petroleum levy on HSD, which…

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Sahiwal Coal Plant Warns of Forced Outage Amid Railway Wagon Shortage

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Sahiwal-Power

ISLAMABAD: The Sahiwal coal-fired power plant, a flagship project under the China-Pakistan Economic Corridor (CPEC), has raised alarm over a critical shortage of railway wagons for coal transportation, warning that continued delays could trigger a forced outage and threaten national grid stability. Huaneng Shandong Ruyi (Pakistan) Energy (Private) Limited (HSRL), the Chinese operator of the 1,320 MW facility, has formally communicated its concerns to top government officials, including the Special Assistant to the Prime Minister. The plant is already grappling with financial strain due to payment delays from the Central…

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Donors Pledge \$5 Billion for Reko Diq Mining Project Amid Foreign Investment Surge

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Reko-Diq

ISLAMABAD: Pakistan has received an overwhelming \$5 billion in financing offers from leading global donors and development agencies to support the execution of the Reko Diq copper and gold mining project in Balochistan, far exceeding the estimated project requirement of \$3 billion. Key contributors include the Asian Development Bank (ADB), Islamic Development Bank (IDB), International Finance Corporation (IFC), and the US Exim Bank—along with development agencies from Germany and Denmark. Sources highlight that the financial close is at an advanced stage, with Petroleum Minister Ali Pervaiz Malik and the Special…

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Independence Day and “Battle for Truth” Celebrations Kick Off

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New-Project16

Minister Nasir Hussain Shah inaugurates event at STDC by cutting the ceremonial cake Karachi (): Sindh Minister for Energy, Planning and Development, Syed Nasir Hussain Shah, has said that the month of August reminds the nation of the sacrifices made by the martyrs for the creation and protection of Pakistan. He stated that during the Battle for Truth, Pakistan’s brave armed forces demonstrated exceptional courage, valor, and heroism, which not only brought honor to the country but also filled the hearts of every Pakistani with pride. He emphasized that this…

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