Annual profit to increa­se by Rs0.33 per share, says broker­age houseKARACHI: The Oil and Gas Development Company Limited (OGDCL) has found new deposits of oil and gas in Khyber-Pakhtunkhwa, according to a bourse filing on Friday. Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) holds the remaining 2.5% stake in the joint venture. OGDCL’s share price inched down 0.02%, or Rs0.04, to Rs162.79 with a volume of 1.21 million shares at the PSX on Friday. Domestic production meets some 30% of the demand for oil and around 70% for gas in the country. Pakistan announces $1.5b hydropower project in AJKOGDCL remains the country’s largest oil and gas exploration firm.

Source: The Express Tribune December 30, 2017 04:18 UTC