The Board of Directors of Shell Pakistan Limited (SPL) announced the Company's half year results on August 17th, 2022. The Company posted a profit after tax of PKR 7,469 million…

Attock Petroleum Limited (APL) announced the financial result for FY22, whereby the company has posted a profit after tax (PAT) of PKR 18,536mn (EPS: PKR 186.23) compared to PKR 4,920mn…

Pakistan Oilfields Limited (POL) reported its earnings earlier today, announcing NPAT of PkR25,935mn for FY22, higher by 95% compared to the same period last year. For the final quarter, the…

Attock Petroleum Limited (APL) is scheduled to announce its FY22 financial result on 16th Aug'22, where we expect the company to report a PAT of PKR 18,577mn (EPS: PKR 186.65)…

· Attock Petroleum Limited (APL) is expected to announce its 4QFY22 result on 16th August, where we expect the company to post PAT of PkR7.2bn (EPS: PkR73). · We expect…

· The London Court of International Arbitration (LCIA) has ruled in favour of Sui Northern Gas Pipeline Limited (SNGP) on its claim against Quaid-e-Azam Thermal Power (Private) Limited (QATPL). ·…

President of Korangi Association of Trade and Industry (KATI) Salman Aslam has announced a 7-member committee to help the victims of rain and flood in Balochistan under his supervision. Other…

Mari Petroleum Company Limited is expected to announce its FY22's financial result on 4th Aug'22, where we expect the net profit to settle at PKR 33,441mn (EPS: PKR 250.68) against…

Pakistan oil sales commenced FY23 with a decline of 26% MoM to clock in at 1.44mn tons in July 2022 (lowest since Feb-21). This was mainly due to significant decline…

·         We expect Pakistan State Oil (PSO) to post PAT of PkR44bn (EPS: PkR94) in its 4QFY22 result, increasing by 290%YoY/30%QoQ on the back of astronomical inventory gains, subsequently keeping gross…

Pakistan oil sales declined by 11% MoM to 1.9mn in June 2022, mainly driven by ~14% MoM dipped in MOGAS and HSD sales. This was due to a sharp increase…

Shell has been a leading global supplier of finished lubricants for 15 consecutive years. Shell Lubricants business in Pakistan has appointed Burque Corporation to manage its distribution in Quetta to…

The management of Pakistan State Oil Company Limited (PSO) held a corporate briefing session on 28th Jun'22 to discuss the financial performance of 9MFY22 and future outlook. Brief Takeaways ·        To…

Minister of State (Petroleum Division), Ministry of Energy, Mr. Musadik Malik visited PSO's Head Office in Karachi. Managing Director & CEO, Pakistan State Oil (PSO), Syed Taha welcomed the honorable…

As per the latest announcement by MARI, further hydrocarbon discovery has been made at Bannu West-1 at Bannu Block at North Wazirstan located in KPK Province. Previously, the company discovered…

MARI held its Corporate Briefing Session on June 24 to discuss the performance and outlook after the 9MFY22 results. The company posted an 18% rise in earnings during 9MFY22 to…

·         We have revised our oil price and PkR/US$ estimates to build in current macro outlook in our models. Consequently, we have revised our oil assumptions for FY23 and FY24 to…

·         Total OMC volumes clocked in at 2.17mn tons for May'22, up 28%YoY while on a MoM basis, sales saw a slight fall of 2%. The majority of YoY increase was…

According to news sources, Petroleum Division is currently seeking the Economic Coordination Committee's approval for the conversion of TFCs worth PKR 202.8bn of OGDC owed by Power Holding Private Limited…

The government of Pakistan (GoP) has decided to increase the prices of Petrol (MOGAS), High-Speed Diesel (HSD) & other petroleum products by Rs30/ltr. The new prices effective from 27th May-22 are…

The Commandant Police Training College DIG Mahboob Aslam and the Chief Executive & Managing Director of Shell Pakistan Limited, Waqar Siddiqui, inaugurated a trainees hostel at National Highways and Motorway…

Total Petroleum sales arrived at 2.18mn tons in Apr'22, witnessing a jump of 30% YoY and 19% MoM. The growth in sales volumes was primarily attributable to i) jump in…

Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting a profit after tax of PKR 43,161mn (EPS: PKR 10.04) during 3QFY22 compared to PKR 24,121mn (EPS:…