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Web Desk
Mar 25, 2025

OGDCL completes Reko Diq feasibility study, first phase to cost $5.6b

The Board of Directors of OGDCL has also approved an increase in the company’s funding commitment for the Reko Diq project to $627 million.

Latest

Web Desk
Feb 28, 2025

PSX closes lower amid Nowshera blast, govt’s inflation warning

During the intraday trading the index fell to the level of 113,442.95 before the Friday break and reached 114,037.72 level before sliding down to 113,240.33 level or (-0.48%).

Business

Web Desk Karachi
Feb 11, 2025

Biafo Industries secures contract for explosives supply at Reko Diq mine

Biafo, known for manufacturing and selling commercial explosives and blasting accessories such as detonators, will play a vital role in the project.

Business

Web Desk Karachi
Dec 26, 2024

Pakistan’s economy faces $194m setback due to local gas production cuts

This reduction has also led to losses in crude oil output amounting to Rs5 billion, alongside a hit of Rs20 billion tax revenue.

Business

Web Desk
Apr 03, 2024

Saudi Arabia eyes major investments in Pakistan’s energy sector

Saudi Arabia is set to deepen its involvement in Pakistan’s energy sector and foster stronger economic relations between the two countries by potentially acquiring shares in two of Pakistan’s major energy companies, Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL).

Business

Web Desk
Jan 27, 2024

Oil, gas sector: Career expo 2024 kicks off on Wednesday

The event will endeavour to host over 5000 students, from diverse disciplines of Engineering and Business Management from leading universities participating from all over Pakistan.

Business

Web Desk
Jul 27, 2023

Pakistan: MoU signed for $10b oil refinery project

According to Federal Minister for Petroleum Mussadik Malik, the PSO), the OGDLC, the PPL and the PARCO will be investing in the greenfield refinery project