Annual Meetings: Work on promising oil and gas field begins, says OGDC

OGDC has started work on promising Zin Block which will have a significant impact on the energy sector

ISLAMABAD:

The Oil and Gas Development Company has started work on promising Zin Block which will have a significant impact on the energy sector, said the company CEO Basharat Mirza during the annual general meeting on Thursday.

The country’s largest oil and gas explorer members also approved the appointment and remuneration of KPMG Taseer Hadi and Company and M. Yousuf Adil Saleem and Company as joint statutory auditors for financial year 2012. Reviewing the audited accounts, it was informed that the company’s net profit rose by 7.4% to Rs63.53 billion during the preceding year. 

Published in The Express Tribune, September 30^th, 2011.