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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 29th Sep, 2020 ) :The Oil and Gas Development Company Limited (OGDCL) has injected 14 new wells, producing 251,642 Barrels crude oil and 6,709 Million Cubic Feet (MMCF) gas, in its production gathering system during the last fiscal year, ending on June 30, 2020. “The coronavirus pandemic and natural decline in existing oil and gas deposits had adversely impacted the company’s production, which was partially mitigated by injection of 14 wells in the production gathering system,” according to the OGDCL’s Financial…

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ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar on Tuesday said the petroleum sector had the potential to increase the country’s gross domestic product (GDP) growth rate by 2-3 per cent. During the last year, the country’s total tax collection stood at around Rs4,000 billion, out of which Rs1,000bn was contributed by the petroleum sector in the form of indirect taxes, he said while addressing the launching ceremony of first-ever private sector liquefied natural gas import under the government’s initiative. Alone the petroleum sector has the…

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Karachi, September 17, 2020: Pakistan Petroleum Limited (PPL), a frontline Exploration and Production (E&P) company for seven decades, has played a key role in providing energy for the country with a current contribution of more than 20 percent to national gas supplies. “The company’s over a 100-year rich history is linked with its predecessor and major stakeholder, Burmah Oil Company, a British company, once based in the United Kingdom founded back in the 19th century. PPL, now a public sector company since 1997, has a multinational legacy and DNA, governed…

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Karachi, September 30, 2020: Karachi: First Women Bank Limited (FWBL) signed an MOU with Sehat Kahani-one of the fastest growing health tech companies in Pakistan, to Launch an E- Health Financing Loan to female health workers to allow them to set up their clinics, where patients can get connected to a doctor through the Sehat Kahani application. The MoU was signed by Mr. Ali Raza Head Business FWBL and Dr. Sara Saeed Khan CEO Sehat Kahani.  Ms. Shahida Javed Acting President FWBL, Ms. Faiqa Naseem Deputy Director State Bank of…

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Karachi, October 1, 2020: The Government of Pakistan has notified the achievement of Financial Closing by ThalNova Power Thar Private Limited (TNPTL), an associated company of Pakistan’s largest Independent Power Producer, The Hub Power Company Limited (Hubco) at a ceremony chaired by Mr. Shah Jahan Mirza, Managing Director Private Power & Infrastructure Board (PPIB) in Islamabad. TNPTL has been incorporated to set up a 330MW mine-mouth lignite-fired power plant, one of the first power projects to utilize the local lignite at Thar Coal Block II for power generation and is joined by a…

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