Oil and Gas Development Company Limited (OGDCL) Managing Director Riaz Ahmed has said that the organisation is successfully going ahead with its mission to fulfill the country’s energy demand and recent discovery would go a long way in this regard.
The MD OGDCL made these remarks while talking to a delegation of Islamabad Chamber of Commerce & Industry (ICCI) led by its President Zafar Bakhtawari on Wednesday who visited the Oil and Gas Development Company Ltd (OGDCL) for discussing current energy situation in the country.
Khan said that OGDCL is the largest exploration and production company of Pakistan which had become the leading provider of oil and gas to the country by increasing exploration and production both domestically and internationally. He said that OGDCL is meeting the expectations of its stakeholders through best management practices and the use of latest technology. Zafar Bakhtawari showed serious concern over the prevailing energy situation in the country and said that the future of Pakistan lies on the energy sufficiency and ending energy crisis from the country that would definitely give a boost to the industry growth and business in Pakistan.
He informed the managing director of OGDCL that ICCI has already organised an energy seminar in which various representatives of ENP companies have discussed the progress made so far on various initiatives to overcome the power and gas shortage in the country. He said that ICCI also intended to organise National Energy Conference to address the issue of energy which is putting heavy dents on our economy.
Bakhtawari stressed to adopt energy conservation measures and said that the government should launch a serious campaign for adopting energy conservation measures by promoting energy efficiency programs.
He said that the Ministry of Finance and the Ministry of Water and Power should take urgent steps for making payments to cope with the fast deteriorating energy situation. He expressed grave concern over the rapidly swelling power sector circular debt that has touched an alarming level of Rs 872 billion.
