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OGDC announces fresh oil, gas discovery in K-P’s Kohat district | The Express Tribune
Oil and Gas Development Company Limited (OGDC) on Tuesday announced another major oil and gas discovery at its exploratory well Baragzai X-01 (Slant) in the Nashpa Block in Kohat district of Khyber-Pakhtunkhwa, underlining the area’s growing importance for Pakistan’s energy security.
The well, drilled to a depth of 5,170 metres, successfully tested the Samana Suk and Shinawari formations and is producing 3,100 barrels of oil per day and 8.15 million standard cubic feet of gas per day, OGDC said in a statement. The well flowed through a 32/64-inch choke at a wellhead pressure of 3,010 pounds per square inch gauge, confirming the commercial viability of the discovery.
The latest find marks OGDC’s third discovery in just one month in the same region. Together, the three discoveries are producing 9,480 barrels of oil per day, accounting for about 14.5% of Pakistan’s current domestic crude oil production. Officials said the output is expected to help narrow the energy supply-demand gap and reduce reliance on expensive oil imports.
Read: OGDC ramps up unconventional gas plans
The Baragzai X-01 well was spudded on December 30, 2024, as part of OGDC’s broader effort to assess the hydrocarbon potential of multiple formations in the Nashpa Block. These include Lockhart, Hangu, Lumshiwal, Samana Suk, Shinawari, Datta and Kingriali, with earlier evaluations already leading to discoveries in the Kingriali and Datta formations.
OGDC operates the Nashpa Exploration License with a 65% working interest, while Pakistan Petroleum Limited and Government Holdings Private Limited are joint venture partners. The company said the discoveries would have positive implications for Pakistan’s national energy security.
The continued success of exploration in Khyber-Pakhtunkhwa comes as OGDC seeks to tap Pakistan’s tight and shale gas resources, long seen as an underdeveloped domestic energy source. The company plans to accelerate shale gas exploration in 2026-27, starting with a five- to six-well programme that could eventually expand to hundreds, or even more than 1,000, wells across the country.
Officials said the new discoveries come at a critical time as Pakistan struggles with persistent energy shortages, and increased local production could offer some relief to the country’s energy supply crisis.
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Asda boss rejects profiteering claims as petrol price tops 150p
Motorists are facing higher fuel prices ahead of Easter break due to the conflict in the Middle East, the RAC says.
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Hetero rolls out generic semaglutide exports to over 75 countries – The Times of India
Hyderabad: Pharma player Hetero on Friday said it has rolled out exports of its generic semaglutide injection portfolio as part of a multi-year plan to widen access to treatments for type 2 diabetes and obesity in more than 75 countries.The Hyderabad-based pharmaceutical company said initial rollouts are under way in Africa, Asia and the Middle East, with additional launches planned in other markets subject to regulatory approvals.The injectable therapies will be sold under the brand names Truglyx, Rolmodl and Moto G. Semaglutide belongs to the GLP-1 class of medicines, which are used in diabetes care and weight management.Hetero said the export launch is part of its broader strategy to improve access to advanced cardio-metabolic therapies, particularly in emerging markets.The company said the products will be offered in multi-dose disposable pen devices designed in line with innovator formats and will be available in several strengths, including 0.25 mg, 0.5 mg, 1 mg, 2 mg, 1.7 mg and 2.4 mg, allowing dosing flexibility for both diabetes and obesity treatment.Hetero said it is also awaiting approval from India’s Central Drugs Standard Control Organisation (CDSCO) after completing clinical trials in type 2 diabetes and obesity and plans an India launch after regulatory clearance.Hetero managing director Dr Vamsi Krishna Bandi said the company aims to provide high-quality, affordable generic semaglutide through a single global product platform backed by its manufacturing and development capabilities.He said Hetero would use its commercial networks across Asia, the Middle East, Africa and Latin America to support supply and access. The Hyderabad-headquartered Hetero operates in more than 145 countries and employs over 30,000 people.
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India-US trade deal update: Piyush Goyal meets USTR Jamieson Greer, discusses next steps in BTA talks – The Times of India
Commerce and industry minister Piyush Goyal on Friday met US Trade Representative Jamieson Greer and reviewed the next steps in negotiations for the proposed India-US bilateral trade agreement (BTA).The meeting took place on the sidelines of the 14th ministerial conference (MC14) of the World Trade Organisation in Yaounde, Cameroon, where both sides also exchanged views on issues related to the WTO agenda.“Had a very productive discussion with @USTradeRep Jamieson Greer on the sidelines of the WTO Ministerial Conference. Exchanged views on the #WTOMC14 agenda, next steps in the India-US BTA negotiations and explored ways to further deepen our economic cooperation and bilateral trade ties,” Goyal said in a social media post.The development comes amid ongoing efforts by both countries to finalise an interim trade pact. Last month, India and the US announced that they had finalised a framework for the first phase of the agreement, though it is yet to be signed.The two sides had earlier announced a trade deal on February 2, followed by a joint statement on February 7 outlining the contours of the agreement.As part of the framework, the US had agreed to reduce tariffs on Indian goods to 18%. However, the tariff structure has since undergone changes after the US Supreme Court struck down sweeping tariffs imposed under earlier measures.Following the ruling, US President Donald Trump introduced a 10% tariff on all countries for a period of 150 days starting February 24.In view of these developments, a planned meeting between chief negotiators of India and the US — aimed at finalising the legal text of the agreement — has been postponed. The pact was earlier expected to be signed this month.An official had earlier said that the interim trade agreement would be signed once the new global tariff framework of the US is fully in place.
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