The Managing Directors of Sui Southern Gas Company Limited (SSGC) and Fauji Fertilizer Bin Qasim Limited (FFBL) signed the Third Addendum to the Gas Supply Agreement (GSA) on January 4, 2023,…
Pakistan oil sales in Dec-2022 decreased by 14% MoM to ~1.34mn tons mainly due to 1) a seasonal trend of slowdown in December, 2) lower demand of FO for power…
The bear dominated the stock market during the month, and the index registered a fall off 1,928ptsMoM to settle at 40,420pts levels. The declining trend was primarily attributed to political…
· Recent government estimates point towards the gas circular debt to have increased to ~PkR900bn by Nov'22, compared to ~PkR719bn as of Mar'22. The companies majorly affected by the circular debt…
Pakistan State Oil (PSO) wins 'Silver' at the prestigious South Asian Federation of Accountants (SAFA) for Best Presented Annual Report 2021 in the category of Public Sector Entities. The award…
Shell, the leading global supplier of finished lubricants for 16 consecutive years, has collaborated through Shell Pakistan Limited with Hyundai Nishat Motor Private Limited (HNMPL) to launch co-branded lubricant products…
Pakistan state-owned - Oil & Gas Development Company Limited (OGDCL) as Operator (100%), has discovered Oil and Gas from a development cum exploratory well, namely Chak-5 Dim South-3, located in…
Staying true to its commitment of driving the energy sector forward, the leading energy company, Pakistan State Oil (PSO) has added yet another product to its extensive portfolio by introducing…
· We revisit our investment case for Attock Petroleum Limited (APL), revising Dec'23 target price to PkR390/sh from previous PkR370/sh, providing a total return of 48% from last close. ·…
· POL product sales clocked in at 1.55mn tons for Nov'22, down by 12%/7% on YoY/MoM basis, compared to 1.75mn/1.66mn tons during Nov'21/Oct'22. · Incoming winter season has had its say on…
Total Petroleum sales clocked in at 1.55mn tons in Nov'22, displaying a decline of 12% YoY amid i) overall economic slowdown, ii) higher petroleum prices, and ii) lower FO-based power…
As a responsible corporate, the Oil and Gas Development Company Limited (OGDCL) under its CSR Program yesterday launched 'MASHAL-E-ELM Program' for out-of-school children of village Chappri in district Attock. In…
The management of Oil & Gas Development Company Limited (OGDC) held a corporate briefing session on 24th Nov'22 to discuss the company's financial performance and future outlook. Brief Takeaways ·…
· Past four months have seen the demand for refined petroleum products drop by 21.6% majorly due to higher pump prices, impact due to floods and an overall economic slowdown. · A…
Pakistan Petroleum Limited (PPL) held its analyst briefing earlier today, discussing the following points. Regarding international operations, the block in Abu Dhabi has several known discoveries, and the company expects…
· The Exploration & Production sector reported phenomenal earnings for 1QFY23, with the sector's NPAT clocking in at PkR100.8bn—the highest in its history. The sector's revenues grew by 1.6xQoQ and…
Being the oldest energy company in the country, with a strong and rich legacy, Shell Pakistan hosted a ceremony to celebrate its 75 years in Pakistan, together with its employees,…
Total Petroleum sales settled at 1.66mn tons in Oct'22, depicting a decline of 17% YoY given i) higher petroleum prices, ii) lower FO-based power generation, and iii) a plunge in…
Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), one of the world's most influential energy sector events, is taking place from 31-03 November 2022 in Abu Dhabi National Exhibition Centre…
On Thursday, the Oil and Gas Development Company Limited (OGDCL), Pakistan's largest oil and gas exploration company, announced the discovery of oil reserves from its exploratory well – Toot Deep-1…
The 71st Annual General Meeting of Pakistan Petroleum Limited (PPL) was held online on October 26. Members approved financial statements for the fiscal year ended June 30, 2022, together with the…
Pakistan State Oil (PSO) is scheduled to announce its 1QFY23 result on 27th Oct'22, where we estimate the company to post a profit after tax of PKR 7.2bn (EPS: PKR…
Pakistan Petroleum Limited (PPL) is scheduled to announce its 1QFY23's financial result on 27th Oct'22, where we anticipate the company's profitability to clock-in at PKR 4,490mn (EPS: PKR 8.53) during…
Oil and Gas Development Company Limited (OGDC) announced its financial result today, posting a profit after tax (PAT) of PKR 53,303mn (EPS: PKR 12.39) in 1QFY23 compared to PKR 33,629mn…
Cnergyico Pk Limited (CNERGY) held its analyst briefing earlier today, wherein the following was discussed: · To recall, the company posted earnings of PkR4.7bn (EPS: PkR0.90) for FY22, higher by 34.2%…
