The pact will help to enhance the indigenous hydrocarbon production to reduce the import bill on account of crude oil
Pakistan’s largest Exploration & Production Company of Pakistan in the public sector, Oil & Gas Development Company Limited (OGDCL), has entered into an agreement with Pakistan State Oil (PSO) for Supply of 25 to 30 million liters annually High Speed Diesel (HSD) to meet its operational requirements at Fields, Plants and Drilling Rigs.
“OGDCL is looking for sustainable and viable agreements with National & International partners to make OGDCL a truly E&P. This agreement will help OGDCL in uninterrupted operations at Field locations across the country and will effectively contribute to enhance the indigenous hydrocarbon production to reduce the import bill on account of crude oil,” said OGDCL’s Managing Director / Chief Executive Officer Mr. Zahid Mir.
“PSO takes immense pride in signing this agreement with an icon organization of Pakistan,” said Sheikh Imran-ul-Haque, Managing Director/CEO. “Our joining hands is bringing in synergies in our shared national agenda with MoE to help accelerate the economic well-being of Pakistan. PSO has a longstanding history of ensuring corporations, such as Pakistan Railways, PIA, SECMC, Port Qasim and now OGDCL, with an uninterrupted supply of quality petroleum products. Signing this agreement is indeed a further testament of our unwavering commitment to serve our valued customers 24x7x365 as they being their journey and to keep the wheels of industry moving every day, and also in those situations when our competition struggles to meet national fuel demand as was ably demonstrated by PSO last month.” PWKD09102017