POL, MARI, OGDC and PPL will likely present mixed results for 9MFY25
POL: Pakistan Oilfields Limited is scheduled to announce its financial results for the period soon, where we expect the company to post a profit after tax of PKR 17,577mn (EPS:…
Pakistans’s oil and gas production declined by 11% and 7% YoY, respectively
Oil and gas production in Pakistan declined 11% and 7% YoY, respectively, during 9MFY25. The contraction in hydrocarbon output stems from forced curtailments at Nashpa and the TAL block amid…
PPL secures Lead-Zinc lease in Khuzdar via JV with Balochistan Govt
Pakistan Petroleum Ltd (PPL) has signed the Barytes, Lead & Zinc (BLZ) Project with the Government of Balochistan, integrating a Lead and Zinc mining lease in Khuzdar. Operated through its…
Pakistan’s oil reserves up 26% YoY, and gas reserves remained stable in Dec 24
Pakistan’s oil reserves witnessed a robust 23% YoY increase, reaching 238mn bbl in Dec’24 compared to 193mn bbl in Dec’23, fuelled by the rising reserve size of key oil fields…
NRL discovers significant Copper-Gold Mineralization in Chagai, Balochistan
National Resources Limited (NRL) has discovered significant copper-gold mineralization in Chagai, Balochistan. Muhammad Ali Tabba, Chairman of NRL and CEO of Lucky Cement Limited, announced this today while addressing the…
MARI – Fourth discovery at Spinwam-1, Waziristan Block
Mari Energies Ltd (MARI) has achieved a milestone, its fourth discovery at the Spinwam-1 well in the Waziristan Block, KPK (working interest: 55%), with tested flows of 70.3mmcfd of gas…
OMC volumes rebound by 5% YoY in Mar’25
OMC volumes for Mar’25 clocked in at 1.22mn tons, up 5%YoY/7%MoM. MS and HSD volumes increased by 1% Yoy/4%mom and 5% Yoy/14% MoM, respectively, led by recovering cross-country travel during…
Pakistan OMC sector sales up by 4% YoY during 9MFY25
Pakistan’s OMC sector saw a 5% YoY growth in petroleum sales, reaching 1.22 million tons in March ’25. The YoY growth in sales is attributable to several factors: i) higher…
Spinwam-1-1 1 discovery impact on Mari and OGDC: IMS Research
Mari Energies Ltd. (MARI) has announced a third gas and condensate discovery at its highly anticipated Spinwam-1 1 1 exploratory well in the North Waziristan block (formerly Bannu West). The…
OGDC and PPL confirm the completion of the Reko Diq feasibility study
OGDC and PPL have confirmed the completion of the feasibility study for the Reko Diq Mining Project, marking a significant milestone in the project’s development. With an estimated 37-year production…
Govt briefs foreign ambassadors on Pakistan Minerals Investment Forum 2025
Pakistan's Federal Minister for Energy (Petroleum Division), Ali Pervaiz Malik, on Friday briefed foreign ambassadors on the upcoming Pakistan Minerals Investment Forum 2025 (PMIF25) and invited delegates from their respective…
MARI – Second discovery at Spinwam-1, Waziristan Block
Mari Energies Ltd (MARI) has achieved a second discovery at the Spinwam-1 well in the Waziristan Block, KPK (working interest: 55%), with tested flows of 20.5mmcfd of gas and 117bpd…
OGDC – Gas discovery at Soghri North-1, Attock
Oil and Gas Development Company Ltd (OGDC) has successfully discovered the Soghri North-1 exploratory well in Attock District, Punjab. The well yielded 13.95mmcfd of gas and 430bpd of oil, respectively.…
Harnessing the economic potential of Pakistan’s minerals landscape
Pakistan has abundant mineral resources and immense economic growth and industrial development potential. The country’s vast reserves of minerals, including coal, copper, gold, iron ore, chromite, and precious stones, provide…
Pakistan’s exploration sector revealed a mixed performance during 2QFY25.
The exploration sector revealed a mixed performance during 2QFY25. Companies posted net sales and PAT of ~PKR 217.32bn and ~PKR 87.51bn, down by 13.23% YoY and 37.33% YoY, respectively. Major…
Pakistan saw during 8MFY25, petroleum sales increase by 4% YoY
Pakistan’s OMC industry saw a 2% YoY growth in petroleum sales, reaching 1.14 million tons in February ’25. The improvement in sales is attributable to i) resurgence of demand for…
Pakistan Petroleum earnings beat on higher other income
Pakistan Petroleum Ltd (PPL) has reported a 2QFY25 consolidated NPAT of PKR27.2bn (EPS: PKR10.02), reflecting a 20% QoQ increase but a 32% YoY decline. The result significantly exceeded our estimated…
OGDC announced PkR4.05/sh for 2QFY25 period
Oil & Gas Development Company Ltd (OGDC) reported its 2QFY25 earnings earlier today. The company posted a Profit After Tax (PAT) of PkR41.4bn (EPS: PkR9.63) for the quarter, down 44%…
MARI – Discovery of Spinwam-1 in Waziristan Block
Mari Energies Ltd (MARI), the operator of Waziristan Block, has discovered hydrocarbons in the exploratory well i.e. Spinwam-1, having a flow rate of 12.96mmcfd/20bpd of gas and oil, respectively. This…
OGDCL Partners with LUMS to Establish Cleantech/Energytech Grant
Oil and Gas Development Company Limited (OGDCL) has awarded the LUMS Centre for Entrepreneurship (LCE) a Cleantech/EnergyTech Grant to establish a dedicated space within its co-working facility. This initiative aims…
Wafi Energy Pakistan announces financial results for 2024
The Board of Directors of Wafi Energy Pakistan Limited (WEPL) has announced the company’s financial results for the year ending December 31st, 2024. The company reported a profit after tax…
Pakistan Oil & Gas – Reko Diq feasibility update: Long-term value emerges for OGDC & PPL
Barrick Gold Corporation, the 50% operating partner in the Reko Diq Mining project, recently provided an update on the highly anticipated revised feasibility study in its latest press release for…
PSO posts of PKR 11.2 bn profit in 1HFY25
Pakistan State Oil (PSO), the nation's energy leader, delivered a stable performance in 1HFY25, posting a net profit of PKR 11.2 billion and gross sales of PKR 1.74 trillion. The…
OMC sales up 8% MoM in Jan 2025; 7MFY25 sales up 4% YoY
Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.28mn tons in Dec 2024. This represents a 3% YoY increase, driven by lower petroleum product prices, macroeconomic stabilization, and a decline…
Faysal Bank, PSO collaborate for digital payment innovation
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic Banks, has recently signed a strategic MoU with Pakistan State Oil (PSO) to expand digital acceptance solutions at PSO fuel stations…