MARI Energies Ltd. (MARI) reported 4QFY26 NPAT of PKR37.2bn (EPS: PKR30.95), up nearly double YoY and 78% QoQ. Reported earnings significantly exceeded our expectation of PKR13.41/sh, primarily driven by a…
Wafi Energy Pakistan Limited inaugurated a 7.4 million-litre motor gasoline storage tank at its Tarru Jabba terminal in Nowshera, Khyber Pakhtunkhwa. This newly constructed facility expands Pakistan’s fuel storage infrastructure…
IMS Research has released a report on Pakistan OMC's sales during July 2026. Pakistan's OMC sales rebounded sharply in July, increasing 23% YoY and 20% MoM to reach 1.51mn MT.…
Oil & Gas Development Company Limited (OGDC) has signed a contract with Canada's Synergetic Oil Tools Inc. to deploy advanced Passive Energy Tool technology aimed at enhancing production from Pakistan's…
· PM’s CCoE approved amendments to the Pakistan Oil Refining Policy 2023 (Brownfield Policy) on July 28th, directing its swift implementation. · The latest amendments extend the fiscal incentive window from 6…
Hyderabad Chamber of Small Traders and Small Industry President Muhammad Saleem Memon has expressed deep concern and disappointment over yet another increase in petroleum prices. He stated that repeated hikes in…
Expressing serious reservations over the government's decision to introduce daily pricing of petroleum products, SITE Association of Industry President Abdul Rehman Fudda has urged Prime Minister Shehbaz Sharif to immediately…
President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman FPCCI Policy Advisory Board and Former Provincial Minister Mian Zahid Hussain has said…
In a decisive midnight operation, Pakistan State Oil (PSO), in close coordination with Law Enforcement Agencies (LEAs), successfully intercepted an organized oil theft syndicate operating on the Sihala–ARL pipeline on…
Oil and Gas Development Company Limited (OGDC) has announced a landmark breakthrough with the confirmation of lithium in formation water at concentrations comparable to higher-tier lithium-bearing geothermal brines reported internationally,…
Sui Southern Gas Company (SSGC) is intensifying its efforts to combat gas theft in Sindh and Balochistan. During a recent crackdown in Karachi, SSGC teams conducted multiple raids and uncovered…
AL Habib Capital Markets Pvt Ltd has re-initiated coverage on Pakistan State Oil (PSO) with a BUY rating and a target price of PKR 447/share by June 2027, implying a…
AHL Research Ltd has published a promising outlook on Sitara Petroleum Service Ltd (SPSL), highlighting the company’s transition into its next growth phase. The report underscores SPSL’s plan to expand…
Pakistan's petroleum sales declined in June 2026, with volumes reaching 1.26 million tons, a 20% year-over-year (YoY) decline. However, on a month-over-month (MoM) basis, sales by oil marketing companies (OMCs)…
Oil & Gas Development Company Limited (OGDC) has announced an oil discovery from its development well, Chak 63-05, located in the Chak 63 Development & Production lease, District Sanghar, Sindh,…
Oil & Gas Development Company Limited (OGDC), Pakistan's leading exploration and production company, has successfully commenced oil production from its Bobi Deep-1 well in Bobi and Dhamraki Mining Lease located…
Pursuant to our discovery note dated June 3rd, OGDC has announced the commencement of commercial production from the Bobi Deep-1 well in the Bobi and Dhamraki Mining Lease, Sindh, with OGDC…
Oil and Gas Development Company Limited (OGDC) on Tuesday announced the successful commencement of gas production from the Sahito-1 discovery well in the Lower Goru Formation (Massive Sand) within the…
Patron-in-Chief of United Business Group (UBG), SM Tanveer, and President Zubair Tufail have welcomed Prime Minister Shehbaz Sharif’s announcement of a significant reduction in petroleum product prices, describing it as…
Oil and Gas Development Company Limited (OGDC) has completed the acquisition of an additional 7.99% Working Interest in the Qadirpur Development and Production Lease (D&PL) through a Farm-in Agreement with…
Pakistan’s exploration and production (E&P) sector posted steady gains in recoverable reserves, according to the latest update by the Petroleum Policy & Information Service (PPIS). Total recoverable oil reserves rose…
Malik Khuda Bakhsh, Convener of the Standing Committee on Energy of the FPCCI, warned that gas leakages pose serious risks to lives and property. He highlighted the importance of safety…
Overall refinery upliftment declined 7.0% YoY in May’26, primarily due to a significant reduction in HSD and FO offtake. HSD uplift fell 19.1% YoY to 409k tons, likely reflecting lower…
Oil & Gas Development Company Limited (OGDC) has announced an oil discovery from its exploratory well, Bobi Deep-1, located in the Bobi and Dhamraki Mining Lease, District Sanghar, Sindh, with…
Pakistan's OMC volumes fell sharply by 23% YoY and 14% MoM to around 1.2 million MT, with HSD down 32% YoY due to high prices and reduced demand during Eid.…
