Category: Highlights

OGDCL Announces Commencement of Production from Pakistan’s First-Ever Tight Gas Project

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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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Petrol, diesel prices likely to decrease from 15th Aug

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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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Historic Milestone: All-Female Team Installs Solar Roof in Pakistan

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Karachi, Pakistan – In a groundbreaking achievement, LADIESFUND Energy has empowered female engineers in Pakistan by completing the country’s first solar roof installation by an all-female team. This pioneering project marks a significant milestone in promoting gender equality and sustainable energy solutions. The team of 28 female engineers, trained and certified by NED University, installed a 24 KW solar system with 6 lithium batteries on the rooftop of Hooseini Yateem Khana, an orphanage in Karachi. This achievement is not only a national first but also believed to be the world’s…

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PM Shahbaz, CM Murad discuss K-IV, KCR, solar projects at CM House

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KARACHI (Aug 9): Prime Minister of Pakistan Mohammad Shahbaz Sharif and Sindh Chief Minister Syed Murad Ali Shah, in their one-on-one meeting at CM House, discussed different projects the federal government has initiated in the province and decided to speed up their timely completion.The CM thanked the prime minister for his visit and get the progress and issues of the federal-funded development projects.Mr Shah told the PM that the provincial government with the assistance of donor agencies have started work on BRT Redline and Yellow Line projects. “The work on…

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FPCCI Urges Accountability for IPPs as High Tariffs Strain Pakistan’s Economy

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LAHORE: Zaki Aijaz, Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called for urgent action from the task force on Independent Power Producers (IPPs) and Pakistan’s Power Sector Reforms to hold the country’s 40 IPPs accountable. In a statement on Friday, Aijaz underscored the increasing frustration among the public and business sectors over soaring electricity costs, which he attributed to unfavorable power purchase agreements with IPPs. Aijaz criticized the government’s substantial payments to non-operational or underutilized IPPs, highlighting that some plants…

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