Thursday, February 26 2026

Circular debt plan: OGDC receives Rs7.73bn 8th interest payment
Oil and Gas Development Company Limited (OGDCL) said on Wednesday it had received Rs7.725 billion from Power Holding (Private) Limited (PHL), its eighth consecutive monthly interest payment under the government’s circular debt settlement plan. The OGDCL disclosed in a notice to the Pakistan Stock Exchange today. The total interest amount of Rs92 billion is to be repaid in twelve equal monthly instalments, commencing July 2025, the company said. “The receipt of this instalment reflects continued progress under the GOP’s initiative to address circular debt in the energy sector.” The OGDCL had received its seventh instalment of Rs7.725 billion on January 24, 2026. In 2024, as part of the circular debt settlement plan, the government approved payment of Rs82 billion to OGDCL, representing the principal amount of the company’s investment in Privately Placed Term Finance Certificates (PPTFC) issued by PHL.
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Wednesday, February 25 2026

OGDC continues funding in Reko Diq with $25m quarterly investment
The management of Oil and Gas Development Company Limited (OGDC), Pakistan’s largest E&P, said it continued to ramp up investment in the Reko Diq project, with around $75 million injected during the quarter, of which $25 million represents OGDC’s share, as development work at the mine progresses without delay. This was shared during a corporate briefing session held on February 23, 2026, which was attended by brokerage house Topline Securities, as noted in a report. “Management remains positive on the Reko Diq project, noting that no delays are expected so far as work at the mine is still ongoing,” read the report. Barrick corporate changes won’t affect Reko Diq, says OGDC According to management, approximately $75 million was invested by Pakistan Minerals Private Limited (PMPL) during this quarter, translating into $25 million as OGDC’s share.
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Related symbols: ogdc (news stock)

Wednesday, February 18 2026

OGDCL signs contract with French co on WIS installation
Oil and Gas Development Company Limited (OGDCL) on Tuesday signed a contract with SNF S.A., a French specialty chemical company and world leader in polyacrylamide production, for the installation and operation of advanced Water Injection Systems (WIS) at its Kunnar and Pasakhi oil fields located in Hyderabad district, Sindh. The project is projected to enhance oil production by approximately 9 million barrels and increase gas production by 3 billion cubic feet. It is also projected to improve the recovery factor of the fields by 8-10 percent. The recovery factor refers to the percentage of oil that can be extracted from a reservoir compared to the total volume originally present. With an estimated additional revenue generation of USD 460 million over the life of the fields, the project offers strong economic returns.
Related news categories: business economic-indicators oilgas-exploration oilgas-marketing psx stock-exchanges
Related symbols: ogdc (news stock)

Tuesday, February 17 2026

OGDC enhances oil production at Kal-03 well by massive 1,400%
Oil & Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production (E&P) company, has enhanced oil production from its Kal-03 well by 1,400%. The well is located in Chakwal district, Punjab. The listed E&P disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. OGDC said that the enhancement was achieved by successfully carrying out a workover. “Prior to the intervention, the well was producing approximately 50 barrels of oil per day (bpd) under natural flow. Following a planned workover that included Multistage Physico-Chemical (MPC) treatment and ESP installation, the production has increased to 750 bpd,” it said, registering an increase of 1,400%. “The activity forms part of OGDCL’s ongoing production optimisation program focused on sustaining and improving output from mature fields,” it added. Last month, OGDC increased oil production following enhancement measures from the Pasakhi-7 well, located in Hyderabad district, Sindh.
Related news categories: business economic-indicators oilgas-exploration oilgas-marketing psx stock-exchanges
Related symbols: ogdc (news stock)