PGNiG to reach 1 mcm daily output in Pakistan

WSE-listed, state-owned gas giant PGNiG will increase its daily production in its Rizq Pakistani outlet to 1 million cubic meters daily, the company said in a market filing. The increased capacity is thanks to connecting a new borehole to extraction equipment, which will come online by end-February. PGNiG owns 70 percent stake in the deposit, with the remaining 30 percent controlled by state-run Pakistan Petroleum Limited.