BeNewz Report ISLAMABAD: In the rugged, remote landscapes of Balochistan, a transformation is underway. What began as a strategic national energy project has blossomed into a story of community uplift and renewed hope, said an official release of the OGDCL. In a direct response to Prime Minister Muhammad Shehbaz Sharif’s …
Read More »OGDCL faces significant headwinds: production declines, financial slump, and persistent security woes
Aftab Maken ISLAMABAD: Despite its formidable position as Pakistan’s leading exploration and production (E&P) company, Oil and Gas Development Company Limited (OGDCL) is navigating a challenging landscape marked by declining production, a substantial drop in profitability, and persistent operational hurdles. While the company touts its vast exploration acreage and strategic …
Read More »Pakistan, US collaborate to unlock investment in mining sector
Aftab Maken ISLAMABAD: To attract American investment into Pakistan’s untapped mineral resources, the Government of Pakistan, in collaboration with the United States Embassy, hosted a high-level webinar titled “Opportunities in Pakistan’s Mining Sector – Unlocking Mineral Potential.” The virtual event, held at the OGDCL Head Office in Islamabad, was jointly …
Read More »Pakistan & Russia eye deeper energy ties as high-level delegation meets Gazprom
Aftab Maken ISLAMABAD: Pakistan is poised to significantly enhance its energy cooperation with Russia, following a high-level meeting between a Pakistani delegation led by Federal Minister for Petroleum, Ali Pervaiz Malik, and representatives of Gazprom, Russia’s leading oil and gas giant. The discussions, which included Sergey Tumanov, General Director of …
Read More »Minister briefs ambassadors on PMIF 2025
Pakistan’s Federal Minister for Energy (Petroleum Division), Ali Pervaiz Malik, on Friday briefed foreign ambassadors on the upcoming Pakistan Minerals Investment Forum 2025 (PMIF25) and invited delegates from their respective countries to explore Pakistan’s vast mineral resources and investment opportunities. He encouraged foreign countries to participate in this transformative dialogue …
Read More »Ahmed Lak new MD OGDCL
The Board of Directors of Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest Exploration and Production (E&P) company, has reappointed Ahmed Hayat Lak as the Managing Director and Chief Executive Officer (CEO) for a term of three years. The listed E&P company informed the Pakistan Stock Exchange (PSX) of …
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