OGDCL declares over 15 percent decline in annual profit

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Monday announce financial results and declared over 15 percent decline in annual profit mainly because of lower sales during the year. In its financial results submitted to Pakistan Stock Exchange (PSX), the company declared Rs100 billion after tax profit for the year ended June 30, 2020 […]

by Mrs. Anjum Shahnawaz

OGDCL declares fall in net profit to Rs53.18 billion during six months

Feb 26

Corporate, Energy

OGDCL declares fall in net profit to Rs53.18 billion during six months

KARACHI: The net profit of Oil and Gas Development Company Limited (OGDCL) fell to Rs53.184 billion for the six-month period ended December 31, 2019. According to financial results for the six-month period ended December 31, 2019 announced on Wednesday, the after tax profit for the same period in last year was Rs56.75 billion. The company […]

by Mrs. Anjum Shahnawaz

Jan 24

Energy

OGDCL announces gas discovery in Sindh

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Friday announced discovery of gas in the exploratory well located in Khairpur Sindh. In an information shared with Pakistan Stock Exchange (PSX), the company announced that the joint venture of Ranipur Block comprising OGDCL as operator (95 percent), Government Holdings Private Limited (GHPL) (2.5 percent and […]

by Mrs. Anjum Shahnawaz

Customs intelligence recovers Rs221.7 million from OGDCL for claiming wrong exemption

Dec 11

Energy, Pakistan Customs

Customs intelligence recovers Rs221.7 million from OGDCL for claiming wrong exemption

KARACHI: Directorate of Customs Intelligence and Investigation, Karachi has recovered Rs221.7 million from Oil and Gas Development Company Limited (OGDCL) against avoiding payment of duty and taxes on import of seamless pipes. Officials at the directorate on Wednesday said that the oil and development company imported seamless pipes from China and got cleared through MCC […]

by Mrs. Anjum Shahnawaz

Nov 25

Corporate, Energy

OGDCL clarifies shale gas discovery

The Oil and Gas Development Company Limited (OGDCL) issued a clarification on Monday, refuting media reports that suggested a massive discovery of shale gas in Sindh.

by Mrs. Anjum Shahnawaz

OGDCL announces oil, gas discovery in Khyber Pakhtoonkhwa

Sep 17

Energy

OGDCL announces oil, gas discovery in Khyber Pakhtoonkhwa

KARACHI: Oil and gas Development Company Limited (OGDCL) on Tuesday announced discovery of oil and gas at Chanda Well#5 located at Kohat District,Khyber Pakhtoonkhwa province. In an information received by Pakistan Stock Exchange (PSX)the company said that the joint venture of Chanda D&PL Comprising OGDCL as operator 72 percent, Government Holdings (Private) Limited (GPHL) with […]

by Mrs. Anjum Shahnawaz