It is informed that a Memorandum of Understanding (MOU) has been signed between the Oil and Gas Development Company Limited (OGDCL) and Pakistan State Oil (PSO) on July 27, 2023 agreeing on cooperation and collaboration and a joint investment strategy for setting up a Greenfield refinery project in Baluchistan under a consortium arrangement with foreign investors. The project will benefit from the incentives offered by the Government of Pakistan under the Pakistan Oil Refining Policy for New/Greenfield Refineries, 2023 and provide an opportunity to OGDCL for vertical integration in the oil and gas sector.
Oil and Gas Development Company Limited
Equities
OGDC
PK0080201012
Oil & Gas Exploration and Production
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
137.2 PKR | +0.48% | +2.47% | +21.97% |
Apr. 22 | Saudi Aramco to Buy Stake in Hengli Group Unit | DJ |
Apr. 08 | Oil and Gas Development Company Limited Announces Discovery of Tight Gas At Nur West #01 | CI |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
179.6 PKR | -0.44% | -1.97% | 303M | ||
137.2 PKR | +0.48% | +2.47% | 2.12B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+21.97% | 2.12B | |
+11.22% | 306B | |
+12.21% | 153B | |
+51.38% | 124B | |
+22.70% | 83.43B | |
+12.20% | 78.06B | |
+19.56% | 62.81B | |
+13.52% | 60.08B | |
+12.74% | 49.91B | |
+33.97% | 37.05B |
- Stock Market
- Equities
- OGDC Stock
- News Oil and Gas Development Company Limited
- Oil and Gas Development Company Limited Signs Memorandum of Understanding with Pakistan State Oil