OGDCL seeks Mari, PPL’s shares transfer to clear debt

    By NewzTodays Editorial Team | December 10, 2020

    Aftab Ahmed The Oil and Gas Development Company Limited (OGDCL) has come up with a plan of transferring the government’s shares in Mari Petroleum and Pakistan Petroleum Limited (PPL) to it in a bid to clear the circular debt. It has proposed to transfer share transfer of Rs profitable companies that would result in settling…

    OGDCL to supply additional gas to Engro Urea Plant

    By NewzTodays Editorial Team | November 20, 2020

    The government has decided to allocate gas from Oil and Gas Development Company Limited (OGDCL)’s field to Engro Fertilizer to boost urea production. It decided to allocate gas from OGDCL’s new gas discovery from Umair-01 well to M/S Engro Fertilizer to boost the supply of urea. Umair-01 well in the Guddu block is located in…

    Govt to conduct Forensic Audit of dry wells

    By NewzTodays Editorial Team | November 11, 2020

    The petroleum division directed to establish a team of experts and professionals to conduct Forensic Audits of shut-in wells. The team will comprise the public sector E&P Companies and officers of the policy wing to conduct a forensic audit of the shut-in wells drilled in the country. Subsequently, it will analyze all E&P companies’ shut-in…

    SSGC turns to be top OGDCL’s defaulter

    By NewzTodays Editorial Team | November 8, 2020

    Aftab Ahmed Amid the corona economic crisis, Sui Southern Gas Company (SSGC) turns to be a top defaulter of Oil and Gas Development Company Limited (OGDCL) with Rs 192.4 billion dues pending for a long. Gas companies, Uch Power plants, and refineries have trapped OGDCL in Rs 400 billion circular debt. The management of the…

    ODGCL’s items of Rs 1.8bn turn into scrap

    By NewzTodays Editorial Team | October 23, 2020

    Aftab Ahmed It is alarming that Oil and Gas Development Company Limited (Ogdcl) has procured store items worth Rs 1.8 billion without any consumption turning into scrap. The over procurement appears to benefit the contractors as they were procured, which were not required and were not used by the OGDCL. The procurement in Oil and…

    From Perks to Production: OGDCL Management Shifts Priorities

    By NewzTodays Editorial Team | September 16, 2025

    Islamabad: The Oil & Gas Development Company Limited (OGDCL) — Pakistan’s largest state-run oil and gas explorer, has shifted its focus on optimizing oil and gas production to address the issue of the energy crisis in Pakistan. Though the past management has been facing controversies over high perks and luxury car imports, the current management…

    OGDCL board recommends controversial candidates

    By NewzTodays Editorial Team | August 8, 2019

    Aftab Ahmed The board of directors of Oil and Gas Development Company Limited (OGDCL) formed by the PTI government has recommended names of controversial candidates to appoint the head of public sector oil and gas exploration company. This move is contrary to the campaign launched by PTI government Prime Minister Imran Khan to bring transparency…