Author: Admin

Ahmed Hayat Lak Reappointed as MD & CEO of OGDCL for 3 Term

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Ahmed-Hayat

The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) firm, has reappointed Ahmed Hayat Lak as Managing Director and Chief Executive Officer (MD & CEO) for a three-year term. The announcement was shared via a notice to the Pakistan Stock Exchange (PSX) on Thursday. “This is to inform that the Board of Directors of the company has appointed Ahmed Hayat Lak as the Managing Director/CEO of the company for a term of three years, effective from January 9, 2025,” the notice stated. Previously, in February…

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Study Links Rising Lightning Strikes in Thar to Coal Mining Operations

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thar-parkar

KARACHI: Experts have raised alarms over the environmental impact of coal mining in Tharparkar, Sindh, highlighting its role in increasing lightning strikes in the region. Greenhouse gas (GHG) emissions from coal mining and power plants are driving localized warming and atmospheric humidity, contributing to severe weather anomalies, according to a study launched on Friday by the Policy Research Institute for Equitable Development (PRIED). The study, titled “Exploring the Link Between Lightning Strikes and Coal: A Case Study of Tharparkar,” reveals a sharp rise in thunderstorms and lightning strikes, particularly in…

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Pakistani Minister Engages Korean Investors Amid Project Challenges

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Pak-Koria

ISLAMABAD: Korean investors have raised concerns with Pakistani Commerce Minister Jam Kamal Khan regarding delays and issues affecting development projects in Pakistan during his visit to South Korea. Executive Director UM Sung-Yong of the EDC Operation Group at Korea Eximbank outlined the status of ongoing projects, detailing processes of approval, scrutiny, and execution. He acknowledged the efficient handling of projects by Pakistani departments but emphasized the need for expedited approvals to enhance progress. Korea Eximbank has allocated $1.1 billion under the Economic Development Cooperation Fund (EDCF) for Pakistan for 2022–2026.…

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OGRA Notifies Adjusted RLNG Prices for January Amid Rising System Losses

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced revised Regasified Liquefied Natural Gas (RLNG) prices for January, reflecting a slight decrease for Sui Northern Gas Pipelines Ltd (SNGPL) and an increase for Sui Southern Gas Company (SSGCL), amidst record-high system losses. Karachi-based SSGCL, serving Sindh and Balochistan, saw its system losses surge to 16.16% from 13% last month. Lahore-based SNGPL, supplying Punjab and Khyber Pakhtunkhwa, recorded an increase in losses to 8.6% from 8%. For SNGPL, the RLNG sale price at the transmission stage was reduced by 1.98%…

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OGRA to Probe LPG Overcharging Allegations Against SNGPL

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lpg

ISLAMABAD: The Oil & Gas Regulatory Authority (OGRA) has initiated an investigation into complaints of overcharging for liquefied petroleum gas (LPG) by Sui Northern Gas Pipelines Ltd (SNGPL). Consumer Rights Advocacy (CRA), an Islamabad-based non-profit organization, reported to OGRA that SNGPL was selling LPG cylinders at Rs3,253, exceeding the maximum notified price of Rs2,953.36 for an 11.8-kg cylinder set by OGRA for January 2025. Receipts from early January were submitted as evidence. The CRA highlighted that LPG, a primary fuel in rural and hilly areas, is already significantly more expensive…

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