Pakistan Refinery Limited (PRL) has concluded the fiscal year 2023-24 with exceptional financial and operational performance, marking one of the most successful periods in the company’s history. This year has…
Pakistan Petroleum Limited informed the Pakistan Stock Exchange that a gas condensate discovery was made from another zone, Lockhart, at exploratory well Razgir-1 in Tai Block. This joint Venture comprises MOL…
The recent ~28% surge in Mari's stock, driven by better-than-expected results, a cash payout exceeding consensus, and an unexpected 800% bonus issuance, has pushed the market price above our Jun’25…
Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah (HI, SI) has announced quick action on the complaints of the country's taxpayers and assured us that justice would be provided in…
Being a customer-centric organization, SSGC strives to serve its consumers by meeting their gas-related requirements and frequently enhancing its facilities through multiple infrastructure development projects. Lately, as part of a…
Pakistan's oil production witnessed an uptick of 1.4% YoY during FY24. The production growth is contributed by Chak 2, Pasakhi, Takhat, Lashari Centre, Bolan East, and Bettani. Furthermore, the commencement…
According to Sui Northern Gas Pipelines Limited's latest report, during the period ended September 30, 2023, the Company earned a profit after tax amounting to Rs. 3,706 million, compared to…
MOL Pakistan, the operator of the TAL Block in Kohat, discovered a second formation, Kawagarh-1, in the successful exploratory well Razgir-1. Discovery includes 159bpd of condensate and 16.4mmcfd of gas.…
MOL Pakistan has made a significant discovery in the TAL Block, Kohat, with the unveiling of the Razgir-1 exploratory well. TAL Block hydrocarbons have been discovered in the exploratory well Razgir-1,…
Members of the SITE Association of Industry have highly appreciated laying a dedicated 24-inch Dia, 31-KM long high-pressure gas pipeline for industrial consumers of the SITE area, Karachi. At a…
As a customer-centric organization, Sui Southern Gas Company continuously pursues facilitating its worthy customers' meeting their gas-related requirements by regularly enhancing its facilities through the deployment of various developmental projects.…
On Thursday, the Pakistan Petroleum Dealers Association (PPDA) said it supports the Prime Minister's decision to end the government's role in determining oil prices. It said the Oil and Gas Regulatory…
The Pakistani government's under discussion deregulation of petroleum product prices is set to reshape the country's oil industry. This move, aimed at addressing the challenges posed by smuggled oil and…
Pakistan State Oil is expected to post 4QFY24f NPAT of PKR829mn (EPS: PKR1.77/sh), down substantially by 85% QoQ. The sequential drop in earnings is on the back of expected inventory…
PPL has informed the PSX today that, as part of our continuous efforts to increase oil and gas production, production has commenced from Adhi South-8, a new development well drilled…
Reforms Group of the Pakistan Petroleum Dealers Association (PPDA) has convinced the government that imposing a 0.5 percent advance turnover tax on petroleum retailers was a misinterpretation of the law.…
Most Pakistan Petroleum Dealers Association (PPDA) leaders have announced they will not join the July 5 strike. Petroleum retailers have said they will pursue detailed negotiations with the authorities before…
Shell Pakistan Limited (SPL) launches Pakistan's first-ever recycled plastic retail site, Malik Service Station at Shahrah-e-Faisal, Karachi. This initiative aligns with SPL’s commitment towards sustainability; and promotes circular economy and…
The Directorate General Mines & Minerals Balochistan has granted two Exploration Licenses. EL-322 and EL-323, and allotted areas of 501.03 sq. km and 512.76 sq. km, respectively, for mineral exploration…
PPL (Pakistan Petroleum Limited) disclosed today that a Gas discovery has been made from the exploratory well Tor-1 in Latif Block, located in Khairpur District, Sindh Province, which is operated…
Petroleum products during Jun’24 arrived at 1.45mn tons (19-month high), depicting a growth of 8% YoY. The economic recovery and a low base effect from last year drive the jump…
§ We initiate coverage on MARI with a Neutral rating and June 2025 TP of PKR2,904/sh. We are Neutral because MARI already trades at 1.4x valuation premium to its peers –…
The Pakistan Petroleum Dealers Association (PPDA) is agitating against the hoarding of fuel supply by all oil marketing companies operating in Pakistan, including Pakistan State Oil, Shell Pakistan Limited, Total…
The government has approved the payment of a long-standing TFC held by Oil and Gas Development Company Limited (OGDC), worth PKR82bn (principal only; PKR19.1/share). The TFC (a corporate bond) was…
SLB (NYSE: SLB) is collaborating with Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest oil and gas exploration and production company, to develop a strategy for exploiting geothermal resources…
