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…
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…
