PPL issued an update on the Reko Diq copper and gold project
Pakistan Petroleum Limited provided an update on the Reko Diq copper and gold project. The company holds an 8.33% stake in the project, contributing to a total of 25% held…
OGDCL completes Jhal Magsi Development Project in Balochistan
In compliance with Prime Minister Muhammad Shehbaz Sharif’s instructions for the fast-track development of Jhal Magsi district, Oil and Gas Development Company Limited (OGDCL) has announced the successful completion and…
OGDC reports that Jhal Magsi is connected to the SSGC network: AKD Research
Oil and Gas Development Company Ltd (OGDC) has announced the successful completion and commissioning of the Jhal Magsi Development Project, located in Balochistan, according to the company's notification to PSX…
OGDC is expected to report a PAT of PKR 37,467 million in 4QFY25
AHCML Research has released a significant report on Oil & Gas Development Company Limited as part of its review of results for 4QFY25. The company is expected to report a…
As of June 2025, POL’s cash position was PKR 109 billion, an increase from PKR 103 billion in March 2025
AHL Research has reviewed the financial performance of Pakistan Oilfields Limited (POL) for the fiscal year 2025 (FY25) and reported a profitability of PKR 85.2 per share and a dividend per…
Mari Energies’s exploration expenses reached PKR 5.2 billion
AKD Research has reviewed the financial results of Mari Energies Ltd (MARI) for the quarter and reported that earnings surpassed expectations primarily due to a lower tax charge. In the…
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…