Oil and Gas Development Company

Oil and gas deposits found in Khyber-Pakhtunkhwa well

Decision comes amid depressed outlook for energy sector

Opts to get third-party advice instead of giving Roosevelt Hotel on lease

Hike in other income provides vital support to earnings

It will offer one-tenth shares to international firm having expertise in sector

Petroleum Division calls for stopping process due to fall in company’s share price

Minister encourages investors to fully participate in auction of oil and gas blocks

Privatisation ministry strongly refutes rumours regarding transaction details

Also discusses regularisation of engineers working in Balochistan’s gas fields

Board chairman accused of spending millions on meetings, travel expenses

ECC likely to give nod to a consortium that will bid for UAE offshore block

Islamabad, Moscow discuss joint projects for developing oil, gas fields

Will also invite bids for 10 onshore sites; auction will be held next month

Board challenges MD’s decision of sacking human resources official

Company spokesperson argues people with required experience, qualification have been hired

Spokesperson defends directors, saying they are entitled to meeting fee, reimbursement of expenses

Test shows 9.12mmcfd of gas and 520 bpd of oil

Govt is looking to sell 18.39% stake in oil and gas exploration company to finance budget

Newly tested well was in Sanghar district of Sindh

Addition comes after discovery of significant reserves in Sindh and K-P