Category: Uncategorized

OGDCL Announces Completion of Feasibility Study for Reko Diq Project

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Reko_Diq

ISLAMABAD, March 25, 2025: Oil and Gas Development Company Limited (OGDCL) has announced the completion of the updated feasibility study for the Reko Diq Project, marking a significant milestone in Pakistan’s journey toward unlocking one of the world’s largest undeveloped copper-gold resources.OGDCL holds an 8.33% share in the project as part of a collective 25% stake held by three Pakistani State-Owned Enterprises (SOEs), including Pakistan Petroleum Limited (PPL) and Government Holdings (Private) Limited (GHPL). The SOEs’ interest is managed through Pakistan Minerals (Private) Limited. Of the remaining share, 25% is…

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OGDCL Commences Oil & Gas Production from Bettani-2 Appraisal Well in Lakki Marwat, KP

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ISLAMABAD, January 31, 2025: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully commenced oil and gas production from the Bettani-2 appraisal well in the Lakki Marwat district of Khyber Pakhtunkhwa. OGDCL, as the operator of the Wali Exploration License with a 100% working interest, has completed and stimulated the Kawagarh formation. The well is currently producing 8.5 million standard cubic feet per day (MMSCFD) of gas and 610 barrels per day (BPD) of oil. The produced gas is being processed at OGDCL’s Bettani…

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US natural gas prices drop

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natural gas prices

NEW YORK: US natural gas futures fell about 7% on Monday on forecasts for much warmer-than-normal weather over the next two weeks than previously expected that should keep heating demand low. Front-month gas futures for February delivery on the New York Mercantile Exchange fell 26 cents, or 6.5%, to $3.767 per million British thermal units (mmBtu) at 8:45 a.m EST (1345 GMT). On Friday, the contract closed at its highest since Jan. 16. Extreme cold and record gas demand last week, however, prompted speculators to boost their net long futures…

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Government to Auction Surplus Electricity, Says Minister Awais Leghari

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Islamabad, 28th January 2025- Minister for Power Sardar Awais Leghari, addressing an event in Islamabad, announced the government’s plan to auction surplus electricity in the country. This surplus electricity will be provided to the industries. This initiative aims to stimulate industrial growth and create new employment opportunities across Pakistan. He emphasized that surplus electricity would be made available competitively to ensure maximum benefit for the economy and the industrial sector. The Minister also discussed the recently introduced National Electric Vehicle (EV) Policy, which aims to encourage the adoption of electric…

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EV Sector Experts Stress Need for Infrastructure Development and Policy Coherence

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Electric-Vehicle

ISLAMABAD: Experts at the EV Summit 2025, organized by the Sustainable Development Policy Institute (SDPI), have called for the urgent development of electric vehicle (EV) infrastructure, including nationwide charging stations and battery availability, to facilitate consumer adoption. Participants highlighted the government’s introduction of a Rs39.7 per unit EV charging tariff with a 40% exemption, but emphasized the need for further incentives and standardization of EV products and infrastructure to build consumer confidence. Engineer Khuda Buksh of the Engineering Development Board (EDB) noted the growing EV adoption trend and underscored the…

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