OGDC
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Recommendation: FIA should probe OGDC corruption cases: NA panel
Expresses displeasure over huge spending on medical treatment of employees
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Outstanding bills: Receivables of oil, gas firms swell to Rs338b
Power producers delay payments, ministry seeks PM’s intervention
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New oil, gas deposits tapped in K-P
Test shows flow of 15.7 mmscfd of gas, 438 bpd of condensate
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market watch: Oil, cement stocks drive index to another record high
Benchmark KSE 100-share Index rises 469.07 points
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Two security guards killed in Gwadar ambush
Slain guards went down protecting oil and gas exploration company’s survey team
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OGDC’s oil output hits peak above 50,000 bpd
Company embarks on aggressive exploration drive in Balochistan, K-P
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market watch: Index closes at record high, just shy of 43,000
Benchmark KSE 100-share index increases 269.44 points.
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Abbasi announces gas prices will not be increased
OGRA, however, had given approval for up to 36% hike in tariff
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OGDC profit drops 20% to Rs14.63b
Fall attributed to high costs, lower sales value
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OGDC touches new crude production record
Churns out 48,767 barrels per day, eclipsing the earlier peak achieved in 2008
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OGDC MD’s appointment close to being finalised
Two of the four shortlisted candidates are OGDCL’s contractors
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Tribunal’s order: Admore to pay OGDC Rs40m in outstanding bills
Will also pay late payment surcharge at 14% per annum
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Corruption cases: Credibility at stake
People with vested interests level baseless allegations against rivals
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Corporate results: OGDC’s profit falls 31%, remains above market expectations
Company announces profit of Rs59.97b in FY16 compared to Rs87.24b in FY15
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OGDC to add significant crude oil, gas into system
Increased production to help reduce import bill, save foreign exchange reserves
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OGDC discovers gas in Sukkur
The Thal West 01 was drilled and tested using OGDC’s in-house expertise
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OGDC enters fresh phase of hydrocarbon search
Company is engaged in oil and gas exploration in 31 new blocks, of which 15 are situated in Balochistan
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Surplus category: OGDC to keep excess staff in reserve pool
Step will ease some of company’s burden as it is losing billions