The Oil and Gas Development Company Limited (OGDCL) being the largest Exploration & Production Company of Pakistan in public sector has inked an agreement with Pakistan State Oil (PSO) for supply of 25 to 30 million litres annually High Speed Diesel (HSD) to meet its operational requirements at Fields, Plants and Drilling Rigs.
Speaking on the occasion, OGDCL's Managing Director/Chief Executive Officer Zahid Mir said, "OGDCL is looking for sustainable and viable agreements with National and International partners to make OGDCL a truly E&P. This agreement will help OGDCL in uninterrupted operations at Field locations across the country and will effectively contribute to enhance the indigenous hydrocarbon production to reduce the import bill on account of crude oil."
Managing Director/CEO, PSO Sheikh Imran-ul-Haque said PSO took immense pride in signing this agreement with an icon organisation of Pakistan. "Our joining hands is bringing in synergies in our shared national agenda with MoE to help accelerate the economic well-being of Pakistan," he added.
He said PSO had a longstanding history of ensuring corporations, such as Pakistan Railways, PIA, SECMC, Port Qasim and now OGDCL, with an uninterrupted supply of quality petroleum products. "Signing this agreement is indeed a further testament of our unwavering commitment to serve our valued customers 24x7x365 as they being their journey and to keep the wheels of industry moving every day, and also in those situations when our competition struggles to meet national fuel demand as was ably demonstrated by PSO last month," he added.-PR