Siddiqui assumes charge of OGDCL

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ISLAMABAD: Masood Siddiqui on Thursday assumed the charge of the managing director and chief executive officer of the Oil and Gas Development Company Limited (OGDCL), a statement said.



The decision of his removal has been reversed in the light of the Supreme Court orders to suspend all orders of appointment and transfers by the caretaker setup, it said.


OGDCL’s performance remained excellent during the tenure of Siddiqui for 11 months as the company grew by 19 percent in the nine months as per the results of the third quarter announced by the company after March 31, it said.


OGDCL had accelerated production of oil and gas in Pakistan and added at least 100MMCFD of gas and 7,000 barrels of oil in the system on fast track basis, the statement said.

Courtesy:  The News


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