Energy
OGDCL Makes Oil Discovery in 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,…
Oil
Energy
US-Pakistan Reach Trade and Energy Deal to Boost Ties
The United States and Pakistan have finalised a new agreement aimed at improving trade relations and launching energy sector collaboration, including joint efforts to explore Pakistan’s…
Energy
Fuel Prices in Pakistan Criticised Amid Global Decline: Watchdog Report
A 38-page white paper released by the Fake News Watchdog has strongly criticised the Pakistani government for raising fuel prices, despite a global downward trend in…
Energy
PSO Expands Women’s Driving Training Program
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…
Oil
Oil Sales Declined 14% in August 2024
Staff Report: Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.21 million tons in August 2024, representing a 14% year-on-year (YoY) decrease, primarily due to the…
Gas
OGRA’s Unjustified HSD Import Approvals Risk National Oil Supply Chain Integrity and Refineries’ Financial Stability
ISLAMABAD: OGRA’s repeated decisions to permit additional HSD imports amidst already high HSD stocks, citing the upcoming turnaround of Pakistan’s largest refinery and the agricultural season…
Gas
OGDCL Hosts Seminar on ‘Awareness and Prevention from Corruption’
ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) conducted a seminar entitled “Understanding and Preventing Corruption,” which was organized by the National Accountability Bureau (NAB) in…
Oil
Fuel Reserves Soar: 49 Days of Diesel Cover Secures September
By Newztoday: With a solid 771,000 metric tons of high-speed diesel in reserve, the country is sitting on a fuel stockpile large enough to power through…
Oil
Mari Petroleum Records Highest Ever Profit, Announces 800% Bonus Shares
Staff Report: Mari Petroleum (MARI) announced its FY24 results on Thursday, where the company recorded its highest-ever earnings of Rs77bn (EPS of Rs579.36), up 38%. In…
Oil
Pakistan Explores option of barter trade with Russia for oil Import
Islamabad: Pakistan has explored the option of barter trade with Russia, exchanging goods for oil to avoid US sanctions. The Petroleum Minister shared the current state…