Oil and Gas Development Company Limited has increased its investment in the Reko Diq project, contributing $25 million during the latest quarter as development work continues without delays.
The update was shared during a corporate briefing, where management expressed confidence that progress at the project remains on track.
The continued investment highlights the strategic importance of Reko Diq for Pakistan’s mining sector.
Overall, around $75 million was invested in the project during the quarter through Pakistan Minerals Private Limited, the joint entity managing the country’s stake.
Reko Diq, located in Balochistan, is considered one of the world’s largest undeveloped copper and gold deposits.
The project is jointly owned by Barrick with a 50 percent stake, Pakistani state owned enterprises with 25 percent, and the Government of Balochistan holding the remaining 25 percent.
The project is expected to begin production in 2028 and is seen as a major contributor to Pakistan’s economic growth through exports and investment.
Separately, OGDC management said the company is progressing on its broader development pipeline. Out of six planned projects, two have been completed, while four are currently under development.
These include Uch, KPD TAY, Bettani, and Sinjhoro projects, which are expected to come online between the second half of fiscal year 2026 and fiscal year 2027.
Upon completion, these projects are projected to add around 215 million cubic feet per day of gas and 5,342 barrels per day of oil, strengthening the country’s energy supply.