{"id":8245,"date":"2024-09-22T12:15:58","date_gmt":"2024-09-22T12:15:58","guid":{"rendered":"https:\/\/gsrra.com\/?p=8245"},"modified":"2024-09-22T12:15:59","modified_gmt":"2024-09-22T12:15:59","slug":"ogdcl-and-chinas-ccdc-sign-mou-for-shale-and-tight-gas-development-in-pakistan","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=8245","title":{"rendered":"OGDCL and China&#8217;s CCDC sign MoU for shale and tight gas development in Pakistan"},"content":{"rendered":"\n<p><strong><em>Pakistan and China signed an MoU to develop shale and tight gas resources, marking a significant energy partnership.<\/em><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/i.tribune.com.pk\/media\/images\/1210222-Tightgasexploration-1477419789\/1210222-Tightgasexploration-1477419789.jpg\" alt=\"earlier a 40 premium was offered on respective zonal prices in the 2009 petroleum policy but with announcement of the 2012 policy the price incentive for tight gas exploration was withdrawn photo file\" title=\"earlier a 40 premium was offered on respective zonal prices in the 2009 petroleum policy but with announcement of the 2012 policy the price incentive for tight gas exploration was withdrawn photo file\"\/><\/figure>\n\n\n\n<p>Earlier, a 40% premium was offered on respective zonal prices in the 2009 petroleum policy, but with announcement of the 2012 policy, the price incentive for tight gas exploration was withdrawn. PHOTO: FILE<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Oil and Gas Development Company Limited (OGDCL), Pakistan\u2019s leading Exploration &amp; Production company, and CCDC, the major player in Drilling and upstream Oil field Services signed a Memorandum of Understanding (MoU) on Sunday for the development of shale and tight gas potential of Pakistan.<\/p>\n\n\n\n<p>Federal Minister for Petroleum, Dr. Musadik Malik, in Xi\u2019an, Shaanxi Province, China, witnessed the MoU signing ceremony during the ongoing 8th Silk Road International Expo for Investment and Trade, according to a news release received here.<\/p>\n\n\n\n<p>The MoU highlights the commitment of both countries to developing Pakistan\u2019s shale and tight gas potential, aiming to address the country\u2019s energy needs through indigenous resources.<\/p>\n\n\n\n<p>Mumtaz Ali Soomro, Executive Director (Production) of OGDCL, and Mr. Zhang Zhidong, Vice President of CNPC Chuanqing Drilling Engineering Company Ltd., signed the MoU on behalf of their respective organizations.<\/p>\n\n\n\n<p>Pakistan\u2019s Ambassador to China, Khalil Hashmi also attended the event.<\/p>\n\n\n\n<p>Dr. Musadik Malik expressed hope that cooperation in the energy sector between both nations will continue to strengthen in the future, benefiting both countries mutually.<\/p>\n\n\n\n<p>He highlighted the collaboration between Oil &amp; Gas Development Company Limited (OGDCL) and CCDC on shale and tight gas, stating that this partnership will open a new chapter in the exploration of Pakistan\u2019s untapped energy resources.<\/p>\n\n\n\n<p>Reference Link:- <a href=\"https:\/\/tribune.com.pk\/story\/2497928\/ogdcl-and-chinas-ccdc-sign-mou-for-shale-and-tight-gas-development-in-pakistan\" target=\"_blank\" rel=\"noopener\">https:\/\/tribune.com.pk\/story\/2497928\/ogdcl-and-chinas-ccdc-sign-mou-for-shale-and-tight-gas-development-in-pakistan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan and China signed an MoU to develop shale and tight gas resources, marking a significant energy partnership. Earlier, a 40% premium was offered on respective zonal prices in the 2009 petroleum policy, but with announcement of the 2012 policy, the price incentive for tight gas exploration was withdrawn. PHOTO: FILE Oil and Gas Development [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[282,3881,29,3345,2836,62,105,3882,3880,36,3884,3883],"class_list":["post-8245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-bri","tag-ccdc","tag-china","tag-collaboration","tag-cooperation","tag-energy","tag-geopolitics-2","tag-mou","tag-oddcl","tag-pakistan","tag-tight-gas","tag-shhale-gas"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/8245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8245"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/8245\/revisions"}],"predecessor-version":[{"id":8247,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/8245\/revisions\/8247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/8246"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}