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…
Pakistan State Oil (PSO) conducted its Corporate Briefing Session today, during which management discussed the company’s financial performance and future outlook. Liquid Oil Consumption in Pakistan dropped from 13,005K tons…
Mari Petroleum Company (MARI) held its corporate briefing today to discuss its 9MFY24 results and future outlook. § MARI achieved the highest-ever hydrocarbon sales of 29.93 MMBOE, up 13% YoY…
Pakistan Oil Marketing Companies (OMC’s) recorded sales of 1.39mn tons, the highest in 9 months, up 7% YoY and 26% MoM in May 2024, led by an increase in diesel…
Aramco, one of the world’s leading integrated energy and chemicals companies, has made further progress in its global retail expansion by acquiring a 40% equity stake in Gas & Oil…
Cnergyico PK Limited (CNERGY) held its analyst briefing on Friday, during which the management discussed the following: · Cnergyico Pk stands as the largest refinery in the domestic sector space,…
Pakistan Petroleum Ltd (PPL) has strategically entered into a joint venture agreement as a 49% partner with Degan Exploration Works (DEW), which is owned by the Frontier Work Organization (FWO).…
· We revisit our investment case on Oil & Gas Development Company Ltd (OGDC), where we reiterate our 'BUY' stance on OGDC with a NAV-based Dec'24 target price of PkR180/share,…
OGRA has announced its decision on the petition filed by Sui Companies for the revenue requirement of FY25. Sui Northern Company Limited (SNGP), in its petition, requested an increase in…
In a significant step towards enhancing Pakistan's refining capabilities, senior management from Pakistan Refinery Limited (PRL) recently visited China to engage with Engineering, Procurement, and Construction (EPC) contractors and financial…
The Pakistan Petroleum Dealers Association (PPDA) said on Sunday that oil price liberalisation will lead to the full monopoly of a foreign company on lifeline energy resources. It is not…
Dr. Muhammad Hanif Mughal, Chairman of Pakistan Tehreek-e-Shadbad, emphasized on Friday that the removal of government control over oil prices is not a matter to be taken lightly. It is,…
· As per latest figures from PPIS for Mar'24, crude oil production stood at 71.6k BPD, depicting a change of -2%/+3% on a MoM/YoY basis. · The natural gas sector,…
The Board of Directors of Shell Pakistan Limited (SPL) announced the first quarter results for the company. The company posted a profit after tax of PKR 314 million compared to…
On Sunday, the Pakistan Petroleum Dealers Association (PPDA) said that the government should safeguard filling stations from the highhandedness of oil marketing companies (OMCs). It noted that leaving petroleum dealers…
To recall, Government of Pakistan under the IMF program has sizably increased the gas prices by ~75% in Nov-2023 and ~20% in Feb-2024 to contain the annual pile up of…
Pakistan OMC's sales fell to 1.1mn tons, the lowest in 6 months. Diesel sales slightly improved by 1% MoM basis due to the harvesting season. Pakistan Oil Marketing Companies (OMCs)…
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting an earnings of PKR 171,104mn (EPS: PKR 39.78) during 9MFY24, uptick of 7% YoY. The growth in…
