Managing Director Oil and Gas Development Company Limited (OGDCL) Riaz Ahmed Khan held a meeting with the delegation of the Islamabad Chamber of Commerce and Industry (ICCI) to discuss energy situation in the country.
The ICCI delegation was led by its president, Zafar Bakhtawari.
Riaz Ahmed Khan said that OGDCL is Pakistan’s largest Exploration and Production (E&P) company. It has become the leading provider of oil and gas to the country by increasing exploration and production domestically.
“OGDCL is going ahead with its mission to fulfil the country’s energy demand and its recent discovery will go a long way in this regard,” he said. “OGDCL will meet the expectations of its stakeholders through best management practices and by the use of latest technology,” he added. Bakhtawari expressed concern about the prevailing energy situation in the country and said that the future of Pakistan lies in attaining energy sufficiency.
He informed Riaz Ahmed Khan that ICCI had already organised an energy seminar in which various representative of E&P companies discussed efforts that have been made to overcome the power and gas shortage in the country. Bakhtawari said that the government should launch a serious companies for adopting energy conservation measures by promoting energy efficiency programmes. He said there is a need to evolve a new policy to attract private sector investment in electricity generation to overcome the gap between the demand for electricity and its supply.
He said the main reason for the growing electricity shortfall is not just the increase in demand but also the declining capacity to produce electricity because of inconsistent policies.
