Day: August 18, 2025

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

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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

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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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Chinese CPEC IPPs Urge Govt to Clear Rs475bn Dues Ahead of PM’s Visit to Beijing

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cpec

ISLAMABAD: With Prime Minister Shehbaz Sharif’s upcoming visit to China fast approaching, Chinese Independent Power Producers (IPPs) under the China-Pakistan Economic Corridor (CPEC) have intensified calls on the government to clear their mounting receivables, which have now reached around Rs475 billion, well-placed sources confirmed to Business Recorder. CEOs of Chinese CPEC IPPs have written multiple letters to senior government officials, also marking copies to the Chinese Ambassador in Islamabad, who is actively engaging with Pakistani authorities to finalize the agenda of the Prime Minister’s meetings with Chinese leadership. In a…

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Pakistan Plays Its Trump Card in Global Minerals Race

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ISLAMABAD: Pakistan is positioning itself as a key player in the global minerals race, eyeing lucrative deals with major powers including the United States and China. With mineral reserves estimated at $8 trillion, Islamabad is seeking strategic partnerships to unlock its vast potential in copper, gold, rare earths and other resources. The US administration has shown growing interest in Pakistan’s minerals sector, aligning with Washington’s recent push to secure rare earths worldwide. A minerals conference hosted in Islamabad earlier this year drew interest from global investors, with both Beijing and…

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Sindh Allots Land for First B2B Hybrid Power Project in Jhimpir

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Hybrid-Power

KARACHI: The Sindh government has allocated 300 acres in Jhimpir to Moro Power Company (MPC) for setting up a 100-megawatt wind-solar hybrid project, the province’s first business-to-business (B2B) electricity venture under the Sindh Electric Power Regulatory Authority (SEPRA). The project will allow MPC to supply renewable power directly to industries in Nooriabad through the Sindh Transmission and Despatch Company (STDC), ensuring reliable and cost-effective electricity for industrial growth. Sindh Energy Minister Syed Nasir Hussain Shah said the province was determined to harness Jhimpir’s wind corridor, which holds the potential to…

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