Oil and Gas Development Company Limited (OGDC) has increased its investment in the Reko Diq project by $25 million during the latest quarter, ensuring that development work continues without delays.
During a corporate briefing, OGDC management confirmed that progress on the project remains on track, emphasizing its strategic importance for Pakistan’s mining sector. Overall, approximately $75 million was invested in the quarter through Pakistan Minerals Private Limited, the joint entity managing the country’s stake.
Reko Diq, located in Balochistan, is among the world’s largest undeveloped copper and gold deposits. The project is jointly owned by Barrick (50%), Pakistani state-owned enterprises (25%), and the Government of Balochistan (25%). Production is expected to begin in 2028, contributing significantly to Pakistan’s economic growth through exports and investment.
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