PPL has informed the Pakistan Stock Exchange today of its contribution towards Pakistan's Energy Outlook as it remains committed to ensuring a secure energy future by maximising domestic hydrocarbon production.…
According to media reports, the government is all set to speed up the process of deregulating petroleum products amid a rising influx of smuggled oil products in the country, as…
Pakistan State Oil (PSO) is expected to announce its 3QFY24E financial result in late April, where we expect the company to post a PAT of PkR1.96bn (EPS: PkR4.17). Like most…
Pakistan Refinery Limited (PRL) is all set to sign a supplemental agreement with the Oil and Gas Regulatory Authority (OGRA). This agreement will pave the way for a transformative upgrade…
Mar'24: Petroleum Sales grew by 4% YoY to 1.15mn tons The total dispatches of petroleum products in Mar'24 arrived at 1.15mn tons, depicting an increase of 4% YoY. The jump…
· As per latest figures from PPIS for Jan'24, crude oil production stood at 71.7k BPD, depicting a decrease of 0.4%/0.4% on a MoM/YoY basis. · Country's oil production remained…
According to the PPIS's data, Pakistan's oil reserves reduced by 14% YoY, arriving at 193mn bbl in Dec'23 compared to 224mn bbl in Dec'22 amid natural decline at major oil…
The Board of Directors of Shell Pakistan Limited (SPL) announced the company's financial results for the year ended December 31st, 2023. The company posted a profit after tax of PKR…
Feb'24: Petroleum Sales plummeted by 8% YoY to 1.12mn tons Total petroleum sales during Feb'24 arrived at 1.12mn tons (5-months low), showcasing a decrease of 8% YoY. The decline in…
Oil & Gas Development Company Ltd (OGDC) reported its 2QFY24 earnings today, wherein the company posted its highest ever quarterly Profit After Tax (PAT) of PkR74.25bn (EPS: PkR17.27), higher by…
The Oil and Gas Development Company Limited (OGDCL) has informed the Pakistan Stock Exchange (PSX) today that a significant gas-condensate discovery from its exploration efforts at Kharo-1, a well drilled…
Pakistan State Oil Ltd (PSO) announced its 2QFY24A financial result, reporting an unconsolidated LAT of PkR14.14bn (LPS: PkR30.12), representing a significant decline from PAT of PkR21.8bn (EPS: PkR46.62) witnessed in…
Pakistan Petroleum Limited has informed the Pakistan Stock Exchange (PSX) that as part of the field development activities in the Adam D&PL area, Hala JV has successfully drilled and tested…
Pakistan State Oil Company Ltd (PSO) is scheduled to announce its 1HFY24 financial result on 15th Feb'24, where we expect the company to post a profit after tax of PKR…
OGDC is expected to post 2QFY24f NPAT of PKR45.1bn (EPS: PKR10.48) with a QoQ reduction of 8% (up 8% YoY). This shall bring 1HFY24 NPAT to PKR94.1bn (EPS: PKR21.88), flat…
The petroleum dispatches during Jan'24 clocked in at 1.38 million tons, depicting a decline of 4% YoY. The reduction in sales comes from i) higher petroleum product prices and ii)…
Pakistan Refinery Limited (PRL) proudly announces its outstanding financial results for the December 31, 2023 half-year. PRL is pleased to present a remarkable performance, showcasing the highest-ever profit and production…
Pakistan Refinery Ltd (PRL) said it remains committed to executing the Refinery Expansion and Upgrade Project (REUP), which will double. The refinery's crude processing capacity is from 50,000 to 100,000…
Tariq Kirmani, Chairman of Pakistan Refinery Limited (PRL) and Zahid Mir, Managing Director/CEO of PRL, have shared the salient feature of the PRL expansion project, costing US$1.7 billion at the…
The long-standing circular debt issue appears to be headed for partial resolution, with the Ministry of Energy reportedly finalizing a PKR1,263bn settlement plan (gross). This entails the government issuing PKR157bn against…
Total Petroleum Sales during Dec'23 clocked in at 1.24mn tons, showcasing a decline of 7% YoY. The reduction in sales comes on account of i) surge in price of petroleum…
In a surprise move, Saudi Aramco has reportedly acquired a 40% stake in Gas & Oil Pakistan Ltd (GO Petroleum). This is the second major development in Pakistan's oil marketing…
Pakistan Stock Exchange Limited has been informed that a Joint Venture of Dars West Development and Production Lease (D&PL) comprising Oil & Gas Development Company Limited (OGDCL) as Operator (77.5…
Pakistan OMC's recorded sales of 1.4mn tons up 9% MoM while Ex-Furnace Oil (FO) sales up 7% MoM in Nov-2023. The MoM jump in sales is due to lower Petrol…
We revise our OMC Universe estimates while maintaining a Buy rating. Our revised EPS estimates for PSO and APL in FY24f/FY25f are PKR106.14/98.91 and PKR109.52/95.61, Jun'24 revised TPs are PKR281…
