Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.28mn tons in Dec 2024. This represents a 3% YoY increase, driven by lower petroleum product prices, macroeconomic stabilization, and a decline…
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic Banks, has recently signed a strategic MoU with Pakistan State Oil (PSO) to expand digital acceptance solutions at PSO fuel stations…
Attock Petroleum Limited (APL) announced the financial result for 1HFY25, whereby the company has posted a net profit of PKR 5,123mn (EPS: PKR 41.18) against PKR 7,800mn (EPS: PKR 62.69)…
We expect the IMS OMC universe (PSO and APL) to report 2QFY25f NPAT of PKR11.9bn, rising 87% sequentially. The substantial increase is primarily led by the absence of inventory losses…
Dun & Bradstreet Pakistan (D&B) has partnered with Pakistan State Oil Company Limited (PSO), the country's leading energy company, to enhance its supplier risk management capabilities. Through this collaboration, PSO…
Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.28mn tons in Dec 2024. This represents a 3% YoY increase, driven by lower petroleum product prices, macroeconomic stabilization, and a decline…
Sui Southern Gas Company Ltd. (SSGC) held its corporate briefing session today to discuss FY23 financial results and provide insights on the future outlook. The key takeaway from the call…
National Refinery Limited (NRL) held its corporate briefing session today to discuss FY24 financial results and provide insights on the future outlook. The key takeaway from the call is as…
Oil and Gas Development Company Ltd (OGDC), the operator of Wali Block, has discovered a second well, i.e. Bettani-2, having a flow rate of 2.1mmcfd/74bpd of gas and oil, respectively.…
Careem, the pioneer of ride-hailing in Pakistan and Pakistan State Oil (PSO) have collaborated to offer PSO’s products and services on discounts to the Captains registered on the Careem Platform.…
Pakistan’s petroleum sales reached a 25-month high of 1.58mn tons during November ’24, up 15% year over year. The jump in sales comes from higher demand amid i) curbs on…
Due to the shortages of gas supplies in SSGC’s system, gas availability has decreased, resulting in the depletion of the line pack and low pressures in the system. Pursuant to…
Pakistan Petroleum Limited (PPL), operator of the Shah Bandar Block in District Sujawal, Sindh, has announced a second formation discovery at the Pateji X-1 well. The discovery is expected to…
After the Oil and Gas Regulatory Authority (OGRA) proposed revising margins, the Oil Companies Advisory Council (OCAC) proposed increasing OMC margins by PKR 4.78/ltr to PKR 12.65/ltr from the current…
Sui Northern Gas Pipelines Limited (SNGP) announced the financial result for 9MFY24 today, positing a profit after tax (PAT) of PKR 10,724mn (EPS: PKR 16.91), up 28% YoY. On a…
Pakistan Petroleum Limited (PPL), the Shah Bandar Block operator in District Sujawal, Sindh, has reported the discovery of Pateji X-1 with estimated production flows of 11.7mmcfd gas and 198bpd condensate.…
Topline Securities hosted the Pakistan Energy Conference 2024, where the first session featured the Oil & Gas Development Company (OGDC). The speaker for this session was Mr Mohammad Anas Farook,…
Attock Refinery Limited (ATRL) held its analyst briefing today to brief investors about FY24 financial results and shed light on the future outlook: The company posted an NPAT of PkR25.2bn…
The management of Attock Petroleum Limited (APL) held a corporate briefing session on 7th Nov’24 to discuss the FY24 financial result and future outlook. Brief Takeaways § APL reported a profit after tax…
Hub Power Holdings Ltd (HUBCO/HPHL) and Pakistan State Oil (PSO) have signed an MoU to jointly establish an electric vehicle (EV) charging network across Pakistan. The partnership aligns with GoP…
Mr. Atif Ikram Sheikh, President FPCCI, has appreciated Senator Musadik Malik, Federal Petroleum Minister and the Director General of Explosives at the Ministry of Petroleum, for responding to the concerns…
According to a research report of AKD Research, Pakistan Petroleum Ltd (PPL) announced the successful grant of a Development and Production Lease (D&PL) for the Sui Gas Field, covering 455.80 sq. km…
SSGC’s Security Services and Counter Gas Theft Operations (SS & CGTO) team continued to make major inroads against gas theft in the commercial units by conducting several raids that led…
Pakistan Petroleum Ltd (PPL) held its analyst briefing today to brief investors about FY24 financial results and shed light on the future outlook: PPL reported NPAT of PkR114.3bn (EPS: 42.0)…
Wafi Energy Holding Limited (Wafi Energy) becomes the majority shareholder of Shell Pakistan Limited (SPL) after The Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), completes the sale…