Category: Highlights

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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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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KARACHI (August 12) – Sindh Chief Minister Syed Murad Ali Shah visited Indus Motor Company’s (IMC) manufacturing facility at Port Qasim Authority, emphasizing his government’s commitment to fostering the large-scale production of hybrid electric vehicles (HEVs) in Pakistan. During his visit, Chief Minister Shah toured IMC’s state-of-the-art facility and received a comprehensive briefing on the latest production processes, including the globally renowned Toyota Production System. IMC, a key player in Pakistan’s automotive industry, has been a driving force behind the “Make in Pakistan” initiative, promoting localization and introducing fuel-efficient, environmentally…

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ISLAMABAD, August 12, 2024: Oil and Gas Development Company Limited (OGDCL) on Monday announced the successful commencement of early commercial production of Tight Gas from Pakistan’s first-ever Tight Gas project, Nur West Well-1 at the Nur Development & Production Lease (D&PL), located in the Sujawal district of Sindh.The Nur West Well-1 is currently producing 1.5 Million Standard Cubic Feet per Day (MMSCFD) of gas with a wellhead flowing pressure of 1050 PSI. The gas is sourced from the Lower Guru formation (‘A’ Sand) and has been seamlessly integrated into the…

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Pakistan may see a significant reduction in fuel prices in the coming days, with cuts of up to Rs12 per litre expected across various petroleum products, according to industry sources Preliminary calculations suggest that the price of petrol could decrease by over Rs9 per litre, while high-speed diesel (HSD) may see a reduction of up to Rs8.50 per litre. Kerosene oil is also likely to become cheaper, with a potential price cut exceeding Rs12 per litre. The Oil and Gas Regulatory Authority (OGRA) is set to finalise the pricing adjustments…

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