Islamabad Chamber of Commerce & Industry (ICCI) organized an Energy Seminar to discuss current energy situation in the country and the progress made so far on various initiatives to overcome the power and gas shortage in the country. The key speakers of the events were Masood Siddiqui, managing director and chief executive officer of the Oil and Gas Development Company (OGDC), Zafar Bakhtawari, President ICCI, Abdullah Yousaf, Chairman, IPP (AC), Nadeem Bajwa, Area Manager, Weatherford Pakistan, Najam Javed, Director Finance IESCO, Shoaib Farooqi, BDM of Weatherford Pakistan and Col (r) Abdul Mateen, Regional Security Manager Weatherford Pakistan.Speaking on the occasion, Masood Siddiqui, Managing Director and chief executive officer of the Oil and Gas Development Company stated that the company has achieved numerous growth rate in the production of oil and gas, a significant increase in exploration, and drilled 16 new offshore wells, added 6000 new barrel oil and 100-150mcf gas during last 8 to 9months to ensure the energy security of the country. He said that OGDCL is successfully going ahead with its mission to fulfill the country’s energy demand and its recent discovery would go a long way in this regard. He said that ODGCL also initiated the project of establishing OGDCL Institute of Science and Technology to promote higher education and technology in the country. From the platform of ICCI, Managing director of OGDCL also invited private investors to come and explore oil and gas sector of Pakistan that offer huge investment potential. Zafar Bakhtawari, President ICCI said that the future of Pakistan lies on the energy sufficiency and ending energy crisis from the country would definitely give a boost to the industry growth and business in Pakistan but there is lack of planning and true implementation of policies.
