Pakistan State Oil (PSO), the nation's trusted energy partner, successfully navigated complex market dynamics to achieve steady financial results, showcasing its strategic agility and adaptability. The Board of Management convened…
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…
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…
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…
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…
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…
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, despite a 22% MoM decline due to heavy rains, rising Motor Spirit (MS) and High-Speed Diesel…
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…
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…
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…
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 (POL) and recommends a "buy" rating. We have revised our FY26 earnings estimates for POL downward by 17%, from Rs 97.2 to Rs…
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…
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…
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…
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…
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…
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…
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…
• 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…
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…
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…
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…
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…