Year: 2025

OGDCL Brings Soghri North Well-1 on Stream with 14 MMSCFD Gas Output

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ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production firm, announced on Friday that it has successfully brought the Soghri North Well-1 into production. According to a notice submitted to the Pakistan Stock Exchange (PSX), the well has a production capacity of 14 million standard cubic feet per day (MMSCFD) of gas and 430 barrels per day (BPD) of condensate. To enable early monetization of the discovery, OGDCL laid an 8-inch, 14-km flowline linking the well to the Dakhni Plant, where the gas is processed before…

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Pakistan Poised to Join BRICS by 2026, Diplomatic Sources Indicate

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New-BRICS-1

KARACHI: Pakistan is likely to secure full membership of BRICS during the bloc’s 18th or 19th annual summit, scheduled for 2025 or 2026, diplomatic sources revealed. Citing these developments, economic strategist and regional expert Dr Mehmoodul Hassan Khan said Pakistan’s inclusion would unlock new opportunities in foreign direct investment (FDI), trade diversification, industrialisation, digitalisation, and artificial intelligence (AI). Pakistan had formally applied for BRICS membership in 2023. The bloc currently consists of 10 full members — Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, the UAE, and Indonesia, which…

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Federal Minister Chairs Meeting on Provision of RLNG based Domestic Connections

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New-LNG

Islamabad, September 19 ,2025 A meeting was chaired today by Mr. Ali Pervaiz Malik, the Federal Minister for Petroleum, to review the comprehensive roll-out plan for providing RLNG (Regasified Liquefied Natural Gas) connections to domestic users across the country. The meeting was attended by the Secretary Petroleum, Additional Secretary, Director General Gas, representatives of the Oil and Gas Regulatory Authority (OGRA), and the Managing Directors of both Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL). During the meeting, the Managing Directors of SNGPL and SSGCL…

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Nepra Says Only a ‘Miracle’ Can Reduce Soaring Capacity Charges

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Nepra-Act

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday voiced serious concern over rising capacity charges — a major contributor to Pakistan’s high electricity tariffs — with Member (Technical) Rafique Ahmad Shaikh remarking that “only a miracle” could bring them down under current conditions. The observation came during a public hearing on petitions filed by 11 distribution companies (Discos) for determining Use of System Charges (UoSC). Nepra’s panel, chaired by Chairman Waseem Mukhtar, rejected government proposals to launch wheeling without an approved standard cost framework. Member (Law) Amina Ahmed…

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Ogra Hearing Faces Objections Over Dubious Gas Marketing Licences

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Thursday faced strong objections during a public hearing on applications for gas marketing and distribution licences, with stakeholders questioning the reliance on uncertain future gas discoveries and non-binding supply deals. Interveners argued that many applications were based on memoranda of understanding (MoUs) with exploration companies rather than firm supply commitments, which contravenes Ogra’s licensing framework. Concerns were raised against Alhaj Group, Dewan Petroleum, Ghani Oil and Gas, and Metro Gas, whose proposed supply arrangements were either off-spec, already allocated to Sui…

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