OGDCL Collaborates with IPRI for Endowment Chair Economic Security

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) on Friday entered into a collaboration with Islamabad Policy Research Institute (IPRI) for an Endowment of Economic Security Chair.The kick-off ceremony was graced by the Chairman Board of OGDCL and CEO of Bank of Punjab, Zafar Masood; MD/CEO of OGDCL, Ahmed Hayat Lak, and senior officials of the industry.The Endowment of Economic…

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OIL AND GAS REGULATORY AUTHORITY

OGRA-GAS

Islamabad, May 24, 2024: The Oil and Gas Regulatory Authority (OGRA), in accordance with the Policy Guidelines of the Federal Government, has determined the Re- gasified Liquefied Natural Gas (RLNG) prices effective May 01, 2024, as under 2.  The RLNG price Notification for the month of May 2024 is readily available at OGRA website www.ogra.org.pk. 3.   The increase in RLNG…

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Chinese Companies Show Interest in Pakistan Refinery Ltd’s Expansion and Upgrade

PRL-eyes

KARACHI: Chinese companies have shown significant interest in the expansion and upgrade of Pakistan Refinery Ltd (PRL), signaling a promising development for the country’s energy sector. PRL conveyed its enthusiasm in a notice to the Pakistan Stock Exchange on Wednesday. “In a significant step towards enhancing Pakistan’s refining capabilities, PRL senior management recently visited China to engage with engineering, procurement,…

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OGRA Cuts Gas Prices: 10% Reduction for SNGPL and 4% for SSGC, Effective July 1

OGRA-GAS

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in average gas prices for Sui Northern Gas Pipelines Limited (SNGPL) by 10% and Sui Southern Gas Company (SSGC) by 4%, effective from July 1, 2024. After holding hearings on the petitions of these gas utilities, OGRA assessed their estimated revenue requirements (ERRs) and identified surpluses, necessitating a…

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Balochistan MPAs Demand Installation of LPG Plants in Remote Areas

lpg-plant

QUETTA: Members of the Balochistan Assembly have called on the federal government to initiate the installation of LPG gas plants to address the gas shortage in the province. During the session, MPA Asad Baloch presented a resolution advocating for the establishment of LPG gas facilities in remote areas. The resolution highlights the urgent need for reliable energy sources in underserved…

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Government’s Effort to Implement WACOG Formula for Gas Tariffs Faces Opposition

oil-gas

ISLAMABAD: The government’s efforts to implement the Weighted Average Cost of Gas (WACOG) formula for biannual gas tariff determination, which blends local and imported RLNG prices, have encountered significant opposition. Sindh Chief Minister has strongly opposed the formula, arguing that it violates Article 158 of the Constitution, which stipulates that the province producing the gas has the first right to…

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No Plans to Scrap Solar Net Metering Policy: Energy Minister

Energy-Minister

LAHORE: Federal Minister for Energy Awais Ahmad Khan Leghari reaffirmed on Sunday that the government has no intention of ending the solar net-metering policy. Addressing media reports that suggested a shift to a gross-metering mechanism, Minister Leghari clarified that the net metering policy, which allows consumers to sell excess electricity generated by their solar systems back to the grid, would…

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OGDCL ANNOUNCES PRODUCTION ENHANCEMENTAT NASHPA WELL-10 IN DISTRICT KARAK

New-OGDCL

ISLAMABAD, May 17, 2024: Oil and Gas Development Company Limited (OGDCL) has announced a significant production enhancement at Nashpa Well-10, located in the Karak District of the Khyber Pakhtunkhwa as part of its production enhancement campaign. Through a production enhancement strategy, OGDCL has implemented rigless intervention techniques in various formations, resulting in a significant increase in hydrocarbon production. With the…

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KPOGCL Signs PCA with Government for Miran Petroleum Block

New-KPOGCL

PESHAWAR: Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL) has signed a Petroleum Concession Agreement (PCA) with the Government of Pakistan for the Prospective Miran Petroleum Block, located in North Waziristan and Kurram Districts of Khyber Pakhtunkhwa. In a statement issued on Wednesday, KPOGCL’s Chief Executive Officer, Nasir Khan, hailed the agreement as a significant milestone in KPOGCL’s strategic expansion…

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Imran Khan Threatens Nationwide Protests Over Rising Power and Gas Tariffs

Power-Gas

Imran Khan, the incarcerated founding chairman of PTI and former prime minister, issued a stern warning to the government, stating that countrywide protests would erupt if power and gas tariffs were further increased. Speaking from Adiala jail, Khan emphasized the need for a government aligned with public mandate to stabilize Pakistan’s economy. He expressed concerns that additional taxation could worsen…

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