In July 2025, petroleum sales in Pakistan rose 2% YoY to 1.22 million tons
In July 2025, petroleum sales in Pakistan rose 2% YoY to 1.22 million tons, despite a 22% MoM decline due to heavy rains, rising Motor Spirit (MS) and High-Speed Diesel…
OGDCL announces Oil discovery at Chakar-1 Exploratory Well in Tando Allah Yar, Sindh
Oil and Gas Development Company Limited (OGDCL), as the operator of the TAY Exploration License with a 95% working interest, along with its joint venture partner, Government Holdings (Private) Limited…
OGDC oil discovery at Chakar-1 well
Oil and Gas Development Company Ltd (OGDC) has announced an oil discovery at the exploratory well Chakar-1, located in District Tando Allah Yar, Sindh, yielding 275bpd of crude oil. The…
PSO expands women’s driving and riding training program across Pakistan
Pakistan State Oil (PSO) has expanded its flagship women’s skill development initiative, PSO Shaheen, by launching the second phase and quadrupling the reach in Lahore and Islamabad. Following the success…
Pakistan saw its oil and gas production decline by 12% and 7% YoY, respectively
AHL Research has released a production update for the oil and gas sector for FY25, revealing a 12% decline in oil and a 7% decline in gas production in Pakistan. This…
Topline Pakistan Research has reviewed Pakistan Oilfields
Topline Pakistan Research has reviewed Pakistan Oilfields (POL) and recommends a "buy" rating. We have revised our FY26 earnings estimates for POL downward by 17%, from Rs 97.2 to Rs…
Increase in Petroleum prices is a huge burden on the People – Syed Aman Shah
Syed Aman Shah, Provincial Convener of Awaam Pakistan Party Balochistan, has strongly rejected the government’s recent hike in petroleum product prices and expressed serious concern over the decision. In his…
ATRL will soon sign the Refinery Policy, facilitating its long-awaited upgrades
AHL Research has initiated coverage on Attock Refinery Limited (ATRL) with a “BUY” rating and a target price of PKR 1,136 per share for June 2026, indicating a potential upside…
Orient Petroleum Inc. enters into farm-out agreement with MARI
Mari Energies Limited (MARI) has agreed with Orient Petroleum Inc. (OPI) to acquire a stake in three blocks: Marwat (45%), Harnai South (45%), and Ratana (20%). The transaction reinforces Mari…
Pakistan E&P – Improving liquidity in E&P sector to set the stage for recovery
As per released figures from PPIS for Jun’25, oil/gas production for the year amounted to 62.4k bpd and 2,882mcfd, reflecting a decline of 12%/8%YoY. We expect rebound in domestic hydrocarbons…
OGDCL completes successful ESP installation at its Rajian well-05
Oil and Gas Development Company Limited (OGDCL) has successfully enhanced production at its Rajian well-05 in Chakwal district by installing an Electrical Submersible Pump (ESP), resulting in a significant increase…
OGDC enhances production at Rajian-05 well
Oil and Gas Development Company Ltd (OGDC) has enhanced production in Rajian-05 through installation of electrical submersible pumps (ESP). Following the workover, production has increased to 3.1kbpd of oil and…
OGDCL partners with PMYP and NAVTTC to empower youth
Oil and Gas Development Company Limited (OGDCL) has signed a tripartite Memorandum of Understanding (MoU) with the Prime Minister’s Youth Programme (PMYP) and the National Vocational and Technical Training Commission…
FY25: Petroleum sales up by 7% YoY to 16.3mn tons
• Jun’25: Petroleum sales increased by 8% YoY Pakistan’s petroleum sales in Jun’25 ascended by 2% MoM, primarily due to i) Anticipation of a potential increase in local oil prices, amid…
Gas price hike: Impact on textile industry and revenue forecast for Sui Companies
In a significant policy move, the Oil and Gas Regulatory Authority (OGRA) has approved a notable increase in gas prices that is expected to affect various sectors across Pakistan. The…
KCCI Leadership strongly opposes the proposed gas tariff hike for industry
Chairman Businessmen Group Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI), Muhammad Jawed Bilwani, while strongly opposing proposal to increase gas tariff for industrial processes in the…
POL – MOL encounters additional hydrocarbons in Makori Deep
MOL Pakistan Oil & Gas Co B.V. (MOL) has encountered additional hydrocarbons from the development well Makori Deep-03 in the TAL block, District Karak, KPK. The tested hydrocarbons from the…
Pakistan’s’s exposure to Middle East oil flows remains manageable
Arab Light gained more than 21.3% during Jun’25 and 11% since June 13, 2025 due to escalating geopolitical tensions in the Middle East. The movement of large volumes of oil…
Oil marketing companies not supplying petrol pumps as per orders: Malik Khuda Bakhsh
Senior Vice Chairman of the Pakistan Petroleum Dealers Association, Malik Khuda Bakhsh, has claimed that due to the Iran-Israel conflict, oil marketing companies in the country are not supplying petroleum…
An informative data on PPL and its future growth prospects
Topline Pakistan Research has highlighted Pakistan Petroleum Limited (PPL) and its future growth prospects. The research firm reiterates its 'BUY' recommendation on PPL, setting a target price (TP) of Rs…
OGDCL and Gazprom explore collaborative opportunities in the oil/gas sector
A high-level Pakistani delegation, led by Federal Minister for Petroleum Ali Pervaiz Malik, held a meeting with representatives of Gazprom, Russia’s leading oil and Gas Company, headed by Mr. Sergey…
PSO is focused on clearing existing loans before exploring new investments
Pakistan State Oil Ltd (PSO) held its analyst briefing today to discuss its financial results for 9MFY25: Recalled here, the company's net sales declined by 13% year-over-year (YoY) to PKR…
OGDCL announces significant Oil and Gas discovery at Faakir-1 Well in Khairpur, Sindh
Oil & Gas Development Company Limited (OGDCL) on Thursday announced a significant oil and gas discovery from its exploratory efforts at the Faakir-1 well, located within the Bitrisim Exploration License…
OGDC discovers oil and gas at Fakir-1 in Bitrism E.L., Sindh
Oil and Gas Development Company Ltd (OGDC) has announced an oil and gas discovery at the exploratory well Fakir-1, located in the Bitrism E.L., Khairpur, Sindh. The company (95% working…
MOL Pakistan donates ambulances to the district administration of Karak and Kohat
MOL Pakistan has reaffirmed its commitment to strengthening healthcare infrastructure in Khyber Pakhtunkhwa by donating fully equipped ambulances to the District Administrations of Karak and Kohat. At a ceremony held…