Author: Admin

PM Shehbaz’s China visit to mark formal launch of CPEC-II

Admin
New-Project2

ISLAMABAD: The government on Tuesday announced that Prime Minister Shehbaz Sharif’s upcoming visit to China later this month will mark the formal launch of the second phase of the China­-Pakistan Economic Corr­idor (CPEC-II), focused on industrial cooperation, after a delay of about five years.“Prime minister’s upcoming visit will mark the formal launch of CPEC Phase-II, with both sides expected to set clear priorities and agree on tangible, measurable outcomes,” said an official announcement quoting Planning Minister Ahsan Iqbal, focal person on the multi-billion-dollar bilateral initiative, as saying at a high-level…

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OGDCL, PPL Raise Reko Diq Funding Commitments to $715m Each

Admin
Reko-Diq

Karachi, August 19, 2025: State-owned exploration giants Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) have revised upward their funding commitments for Phase 1 of the Reko Diq copper-gold project, increasing each company’s pro-rata share to $715 million. The revision reflects updated project estimates, higher financing costs, and inflation adjustments. After accounting for project-level financing, the expected shareholder contributions for both OGDCL and PPL now stand at $391 million each, according to separate notices filed with the Pakistan Stock Exchange (PSX) on Tuesday. OGDCL, PPL, and…

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Itel Energy Unveils Next-Gen Solar Solutions & Experience Center at Solar Pakistan 2025

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Itel-Energy

Karachi, August 19, 2025: Itel Energy, Pakistan’s leading renewable energy innovator, has raised the bar for solar technology and customer experience with the launch of its upgraded product portfolio and a state-of-the-art Experience Center in Karachi. The announcements, made at Solar Pakistan 2025, reaffirm the company’s mission to deliver durable, efficient, and customer-centric solutions tailored to Pakistan’s diverse energy needs. Advanced Products for Local Conditions Building on its reputation for reliability, Itel Energy introduced the next-generation IP66 Series, featuring: 6.6kW inverter and 16kWh lithium battery (IP65-rated) with a 5-year replacement…

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US Consulate, KPOGCL Discuss Investment Prospects in KP’s Oil & Gas Sector

Admin
New-KPOGCL

PESHAWAR: A delegation from the US Consulate Peshawar held a meeting with Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) CEO Nasir Khan and senior officials to explore potential investment opportunities in the province’s oil and gas sector. The talks underscored the province’s untapped oil reserves as a vital avenue for driving economic growth and ensuring long-term stability in the region, according to a press release issued on Monday. Both sides agreed that enhanced collaboration in the sector could not only boost Pakistan’s energy security but also strengthen economic ties…

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OGDCL Commissions Jhal Magsi Gas Project in Balochistan, Begins Supplying to SSGC Network

Admin
Gas-OGDCL

ISLAMABAD: Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) firm, has successfully commissioned its Jhal Magsi Development Project in Balochistan, marking a significant step towards strengthening the country’s energy security. The project is now delivering gas to the Sui Southern Gas Company Limited (SSGCL) network. In a notice to the Pakistan Stock Exchange (PSX) on Monday, OGDCL announced that the project is producing 14 million standard cubic feet per day (MMSCFD) of pipeline-quality gas and 45 barrels per day (bpd) of condensate. The gas has…

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