Day: August 13, 2024

OGRA Launches “Plant for Pakistan” Initiative

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OGRA

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 initial phase saw the planting of over 200 trees on the green belt in front of the OGRA Headquarters in Islamabad, in collaboration with the Capital Development Authority (CDA). Chairman…

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OGDCL Announces Major Gas Discovery at Mari East Block in Rahim Yar Khan, Punjab

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gas

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 technology. The well was drilled to a depth of 1956.50 meters. Results from wireline logs interpretation and Drill Stem Test-1 (Barefoot) in the Sui Main Limestone (SML) have confirmed a…

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Independence Day Gift: Pakistan Govt Announces Major Reduction in Petroleum Prices

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Petroleum-prices

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 per liter, making the new price Rs 266.07 per liter. This substantial decrease in fuel prices is seen as a gift to the nation on the occasion of Independence Day,…

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Pakistan and Russia Engage in Talks for LNG Trade by 2026

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LNG

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 the Ministry of Energy. Pakistan has existing LNG agreements with Qatar, including a 15-year deal signed in 2016 and a 10-year deal signed in 2021, both of which include price…

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NTDC Boosts Power Capacity with New 250 MVA Transformer at Sheikhupura Grid Station

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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 and energized the transformer ahead of the scheduled shutdown period, finishing three days earlier by deploying additional resources. This upgrade will significantly increase the loading capacity of the Sheikhupura grid…

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