Author: Admin

ISLAMABAD, April 15, 2026: Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has achieved a historic milestone with the highest-ever oil and gas discovery from a single well in Pakistan’s history at its Baragzai X-01 (Slant) exploratory well in the Nashpa Block, located in Kohat district of Khyber Pakhtunkhwa. Federal Minister for Petroleum Ali Pervaiz Malik formally inaugurated the commencement of commercial production in a ceremony held at OGDC Headquarters in Islamabad. Federal Secretary Petroleum Division Hamid Yaqoob Sheikh, MD/CEO OGDC Ahmed Hayat Lak, beside…

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ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has announced Pakistan’s largest-ever oil and gas discovery from a single well at the Baragzai X-01 (Slant) exploratory site in the Nashpa Block, located in Kohat. The Baragzai X-01 well has emerged as the highest-producing well both in OGDCL’s portfolio and in the country’s history, currently contributing nearly 10% of Pakistan’s total crude oil output. Following successful testing and completion, the well has been brought into commercial production. Recent output includes 5,300 barrels of oil per day (BPD), 17 million standard cubic…

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ISLAMABAD: Pakistan is weighing the option of importing liquefied natural gas (LNG) from the spot market to address potential supply disruptions triggered by the ongoing Iran conflict, while prioritising government-to-government agreements to avoid high costs. Petroleum Minister Ali Pervaiz Malik said that Qatar’s force majeure situation has compelled Pakistan to explore expensive spot cargoes or alternative fuel options ahead of rising summer demand. Spot LNG prices have surged to between $20 and $30 per mmBtu amid escalating tensions in the Middle East. The minister noted that any procurement decision would…

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ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday apprised Mohammed bin Salman of Pakistan’s diplomatic efforts that contributed to the US–Iran ceasefire and the recent round of historic talks between Washington and Tehran held in Islamabad. According to a statement issued by the Prime Minister’s Office, the two leaders held detailed discussions on the evolving regional situation. The prime minister reaffirmed Pakistan’s full solidarity with Saudi Arabia in the wake of recent regional tensions. He also conveyed heartfelt condolences over the loss of lives, stating that the people of Pakistan stand…

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ISLAMABAD: The government on Wednesday apologised to electricity consumers for higher-than-promised load-shedding, attributing the situation to reduced hydropower availability caused by lower water releases from reservoirs. In an official statement, the Power Division expressed regret over the “additional load management necessitated by reduced hydropower availability” and urged consumers to conserve electricity, particularly during nighttime hours, by adopting energy-efficient practices. The apology follows widespread complaints from across the country regarding excessive loadshedding on Tuesday, exceeding the previously announced limit of 2.25 hours aimed at preventing an increase in electricity tariffs. According…

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