PPL: Earnings likely to grow by 22% YoY in FY22
Pakistan Petroleum Limited (PPL) is expected to announce its FY22 financial result on 20th Sep'22, where we expect company's bottom-line to clock-in at PKR 64,122mn (EPS: PKR 23.57) in contrast…
Pakistan OMCs sales at 1.5mn tons in Aug-2022, up 6% MoM
Pakistan oil sales increased by 6% MoM in Aug-2022 driven by High Speed Diesel (HSD) and Motor Spirit (MS) demand which improves by 12% and 7% MoM respectively. This rise…
Up and down story of Hascol Petroleum in Pakistan – future plans
Hascol Petroleum (HASCOL) after obtaining its OMC license in 2005, massively expanded its storage capacity and retail network becoming the second largest OMC Company in 2018. However, domestic macroeconomic environment…
Pakistan’s Oil & Gas reserves decline by 7% YoY in Jun’22
According to the latest hydrocarbon reserves data by PPIS, oil reserves during Jun'22 have reduced by 7% YoY, arriving at 233mn bbl compared to 249mn bbl in Jun'21. The decline…
Sui Northern Gas Pipeline is looking to diversify into LPG business
SNGP held its conference call today whereby the management discussed the FY21 financials and its future outlook. The call was led by the MD Mr. Ali Hamdani. Brief Takeaways · The…
PSO to announce a cash dividend of PKR 30.00/share.
Pakistan State Oil Company Limited (PSO) is scheduled to announce its FY22 financial result on 26th Aug'22, where we expect the company to post a profit after tax of PKR…
Shell Pakistan to discontinue its aviation operations across Pakistan
The Board of Directors of Shell Pakistan Limited (SPL) announced the Company's half year results on August 17th, 2022. The Company posted a profit after tax of PKR 7,469 million…
Attock Petroleum posted a PAT of PKR 18,536mn, up by 277% YoY.
Attock Petroleum Limited (APL) announced the financial result for FY22, whereby the company has posted a profit after tax (PAT) of PKR 18,536mn (EPS: PKR 186.23) compared to PKR 4,920mn…
Pakistan Oilfields posts NPAT of PkR25,935 mn for FY22, higher by 95%
Pakistan Oilfields Limited (POL) reported its earnings earlier today, announcing NPAT of PkR25,935mn for FY22, higher by 95% compared to the same period last year. For the final quarter, the…
APL to announce its FY22 financial result tomorrow
Attock Petroleum Limited (APL) is scheduled to announce its FY22 financial result on 16th Aug'22, where we expect the company to report a PAT of PKR 18,577mn (EPS: PKR 186.65)…
POL to announce a final cash dividend of PKR 60.00/share
Pakistan Oilfields Limited (POL) schedules to announce its financial result for FY22 on 16th Aug'22, where we project the company to post a profit after tax of PKR 25,013mn (EPS:…
APL to announce 4QFY22 result on Aug 16
· Attock Petroleum Limited (APL) is expected to announce its 4QFY22 result on 16th August, where we expect the company to post PAT of PkR7.2bn (EPS: PkR73). · We expect…
Sui Northern Gas Pipelines Company wins international litigation against QATPL
· The London Court of International Arbitration (LCIA) has ruled in favour of Sui Northern Gas Pipeline Limited (SNGP) on its claim against Quaid-e-Azam Thermal Power (Private) Limited (QATPL). ·…
KATI forms a 7-member committee to help the floods victims in Balochistan
President of Korangi Association of Trade and Industry (KATI) Salman Aslam has announced a 7-member committee to help the victims of rain and flood in Balochistan under his supervision. Other…
Mari Petroleum Company to announce its FY22’s financial result tomorrow
Mari Petroleum Company Limited is expected to announce its FY22's financial result on 4th Aug'22, where we expect the net profit to settle at PKR 33,441mn (EPS: PKR 250.68) against…
Pakistan oil marketing sales drop to ~1.5 years low to 1.4mn tons in July 2022
Pakistan oil sales commenced FY23 with a decline of 26% MoM to clock in at 1.44mn tons in July 2022 (lowest since Feb-21). This was mainly due to significant decline…
PSO expected 4QFY22 result preview
· We expect Pakistan State Oil (PSO) to post PAT of PkR44bn (EPS: PkR94) in its 4QFY22 result, increasing by 290%YoY/30%QoQ on the back of astronomical inventory gains, subsequently keeping gross…
Pakistan oil marketing sees a growth of 16% YoY in FY22
Pakistan oil sales declined by 11% MoM to 1.9mn in June 2022, mainly driven by ~14% MoM dipped in MOGAS and HSD sales. This was due to a sharp increase…
Shell Pakistan appoints Burque Corporation as distributor in Quetta for Lubricants.
Shell has been a leading global supplier of finished lubricants for 15 consecutive years. Shell Lubricants business in Pakistan has appointed Burque Corporation to manage its distribution in Quetta to…
PSO has added 39 new retail outlets during 9MFY22
The management of Pakistan State Oil Company Limited (PSO) held a corporate briefing session on 28th Jun'22 to discuss the financial performance of 9MFY22 and future outlook. Brief Takeaways · To…
Musadik Malik visited PSO’s Head Office in Karachi
Minister of State (Petroleum Division), Ministry of Energy, Mr. Musadik Malik visited PSO's Head Office in Karachi. Managing Director & CEO, Pakistan State Oil (PSO), Syed Taha welcomed the honorable…
MARI and OGDC announce discovery at Bannu West-1
As per the latest announcement by MARI, further hydrocarbon discovery has been made at Bannu West-1 at Bannu Block at North Wazirstan located in KPK Province. Previously, the company discovered…
Mari Petroleum to supply 150mmcfd of gas in the SNGP pipeline network soon
MARI held its Corporate Briefing Session on June 24 to discuss the performance and outlook after the 9MFY22 results. The company posted an 18% rise in earnings during 9MFY22 to…
A review of Pakistan Oil& Gas sector from the perspective of PSX
· We have revised our oil price and PkR/US$ estimates to build in current macro outlook in our models. Consequently, we have revised our oil assumptions for FY23 and FY24 to…
Sales of petroleum products increases in May 2022
· Total OMC volumes clocked in at 2.17mn tons for May'22, up 28%YoY while on a MoM basis, sales saw a slight fall of 2%. The majority of YoY increase was…