The OMC sector shows positive growth in March 2026
In a recent report by AHL Research, Pakistan's oil marketing companies (OMCs) experienced a notable surge in sales during March 2026, with total petroleum sales rising 19% year-on-year to 1.44…
Pakistan Economy – Fuel prices to push inflation to 7.3%
· Annual inflation in Mar’26 is anticipated to surge to 7.3%YoY, due to a surge in fuel prices. · On a sequential basis, inflation is expected to increase in Mar’26 driven by…
OGDC announces appraisal of yydrocarbons discovery in TAL Block, Kohat, KP
Oil and Gas Development Company Limited (OGDC), along with its joint venture partners in the TAL Block, has successfully appraised the existing discovered gas and condensate (in traces) from the…
OGDC announces gas discovery at Sahito-1 Exploratory Well in Khairpur, Sindh
Oil and Gas Development Company Limited (OGDC) on Thursday announced a significant gas discovery at its Sahito-1 exploratory well in the Khewari Exploration License, located in the Khairpur district of…
The Pakistani E&P sector had a mixed performance during 2QFY26
· The Pakistani E&P sector had a mixed performance during 2QFY26. On the positive side, oil production increased slightly, and companies paid good dividends to their shareholders. However, overall profits…
OGDC commences oil production from Pasakhi-13
Oil and Gas Development Company Limited (OGDC) on Tuesday announced the successful commencement of oil production from its development well Pasakhi-13, marking a historic milestone as Pakistan’s first successful horizontal…
MARI discovers gas at Shams-1 in Mari D&PL, District Ghotki, Sindh
Mari Energies Ltd (MARI) has announced a major gas discovery at the exploratory well Shams-1, located in District Ghotki, Sindh. The exploratory well (100% working interest) was successfully tested in…
PSO improves fuel supply chain to ensure Pakistan’s energy security
As the backbone of Pakistan’s energy landscape, Pakistan State Oil (PSO) continues to demonstrate resilience in managing the national supply chain. In response to the evolving geopolitical environment, the company…
Pakistan oil marketing sales up 13% YoY but down 15% MoM in Feb 2026
Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.3 million tons in Feb 2026, up 13% YoY but down 15% MoM. The YoY increase reflects economic recovery, easing inflation, and…
Overall refinery upliftment rose 29.0% YoY in Feb’26
Overall refinery upliftment rose 29.0% YoY in Feb’26, driven by higher MS, HSD and FO offtake. HSD upliftment improved 43.7% YoY to 458k tons, reflecting stronger domestic demand, effective curtailment…
Muhammad Amin Rajput becomes MD/ CEO of SSGC
SSGC's Board of Directors has appointed Mr Muhammad Amin Rajput as the Company's Managing Director / Chief Executive Officer on a contract basis for a period of three years, with…
Wafi Energy Pakistan announces profit of PKR 3.54 billion in CY2025
The Board of Directors of Wafi Energy Pakistan Limited (WEPL) announced the company’s financial results for the year ended December 31, 2025. The company reported a profit after tax of…
OGDC secures five new exploration blocks; signing ceremony held in Islamabad
Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, on Thursday signed Petroleum Concession Agreements (PCAs) for five new exploration blocks awarded in the bidding round…
Sui Southern rejects reports of gas suspension in Karachi during Ramzaan
Sui Southern Gas Company (SSGC) hereby denies all such news reports claiming suspension of gas during Iftaar hours, terming them contrary to the facts and misleading. SSGC’s management is closely…
APL posted 2QFY26 NPAT of PKR2.6bn
Attock Petroleum Limited (APL) posted 2QFY26 NPAT of PKR2.6bn (EPS: PKR20.97), down 32% QoQ and 5% YoY, above our expected EPS of PKR17.25, with the positive variance primarily driven by…
POL posted 2QFY26 NPAT of PKR6.3b
Pakistan Oilfields Ltd. (POL) posted 2QFY26 NPAT of PKR6.3bn (EPS: PKR22.16), down 17% YoY but up 16% QoQ, higher than our estimated EPS of PKR19.06. The deviation mainly stems from…
OGDC announces 1H26 results; Declares record Rs 4.25 2nd interim dividend
The Board of Directors of Oil & Gas Development Company Limited (OGDC), in its meeting held on Monday, February 23, 2026, announced the financial results for the half year ended…
OGDC announces Oil and Gas discovery at Baragzai X-01 (Slant) in Kohat, KPK
Oil and Gas Development Company Limited (OGDC), Pakistan’s leading exploration and production company, on Friday announced a significant oil and gas discovery at its exploratory well Baragzai X-01 (Slant), located…
PPL announced a hydrocarbon discovery at the exploratory well Baragzai
Pakistan Petroleum Limited (PPL) announced a hydrocarbon discovery at the exploratory well Baragzai X-01 (Slant) in the Lumshiwal Formation within the partner-operated Nashpa Block. The block is operated by Oil…
OGDC discovers oil and gas at Dars West-3
Oil and Gas Development Company Ltd (OGDC) has made an oil and gas discovery at the Dars West-3 developmental well in Tando Allah Yar, Sindh. Spudded on 31st Dec 2025,…
OGDC partners with France’s SNF for water injection Systems at oil fields
Oil and Gas Development Company Limited (OGDC), Pakistan’s leading exploration and production company, on Tuesday signed a landmark contract with SNF S.A., a French speciality chemical company and world leader…
PSO reports resilient financial performance amid challenges
Pakistan State Oil (PSO), the nation’s energy flagship, announced its financial results for the first half of fiscal year (1HFY26) ended December 31, 2025, demonstrating strong resilience and a continued…
PPL earnings dip on higher operating expenses and taxation charge in 2QFY26
Pakistan Petroleum Limited (PPL) reported 2QFY26 financial results earlier today, with consolidated earnings clocking in at PkR20bn for the second quarter (EPS: PkR7.40), down 26% YoY — slightly below expectations.…
Pakistan oil marketing sector shows strong growth in January 2026
A recent report by Topline Pakistan Research reveals significant growth in the oil marketing sector, with Pakistan's Oil Marketing Companies (OMCs) recording a 10% year-over-year (YoY) increase and a 12%…
MARI’s 2QFY26: Bottomline arrived at PKR 10.66/share
AHL Research has released a report on MARI Energies Limited's Result Review, where earnings increased by 15% YoY in 2QFY26. MARI's 2QFY26: Bottomline arrived at PKR 10.66/share. Mari Energies Limited (MARI)…