Attock Petroleum posts 21 percent decline in after tax profit

KARACHI: Attock Petroleum Limited has posted 21 percent decline in its after tax profit to Rs1.22 billion for the quarter ended September 30, 2019 as compared with Rs1.54 billion in the corresponding... Read more »

Pakistan’s oil, gas reserves witness increase

KARACHI: Pakistan’s oil and gas reserves have witnessed increase by 7 percent and 1.4 percent, respectively, according to analysts at Topline Research. Read more »

Oil sales show continuous decline for 8th consecutive quarter

KARACHI: The oil sales witnessed continued downward trend in first quarter of fiscal year 2019/2020 for 8th consecutive quarter and posted fall of 13 percent Year on Year (YoY). Read more »

K-Electric awards contract to set up 900MW power plant

KARACHI: K-Electric – power generation, transmission and distribution company – has awarded a contract to establish 900MW power plant with estimated cost of around $425 million, an announcement said on Thursday. Read more »

Hascol Petroleum gets license for lube oil blending plant operation

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has granted license to Hascol Lubricants (Private) Limited to start commercial operations of the lube oil blending plant located at Port Qasim Authority, company... Read more »

Nine countries sign declaration to enhance cross-border cooperation at CAREC Energy Ministers’ Dialogue

TASHKENT, UZBEKISTAN: Nine countries in Central and West Asia, including Pakistan, on Friday signed a historic declaration that will accelerate cross-border cooperation on energy issues and move the region a step closer... Read more »

OGDCL announces oil, gas discovery in Khyber Pakhtoonkhwa

KARACHI: Oil and gas Development Company Limited (OGDCL) on Tuesday announced discovery of oil and gas at Chanda Well#5 located at Kohat District,Khyber Pakhtoonkhwa province. Read more »

US ambassador praises Engro Elengy for fastest 250 ship-to-ship transfers

KARACHI: US Ambassador Paul W. Jones has praised Engro and Excelerate Energy to achieve incredible milestone of the world’s fastest 250 ship-to-ship transfers of LNG. Read more »

Strike on Saudi’s ARAMCO: Pakistan’s oil bill may rise

KARACHI: Analysts have said that higher oil prices as a result of drone attacks on world’s largest oil facility in Saudi Arabia’s may increase the oil import bill of Pakistan. Read more »

Hub Power declares Rs8.036 billion annual profit, 6.17pc lower than previous year

KARACHI: Hub Power Company Limited (HUBCO) has declared net annual profit of Rs8.036 billion for the period ended June 30, 2019, which is 6.17 percent lower than the profit of Rs8.565 billion... Read more »

OGDCL discovers huge gas reserves in Khyber PakhtoonKhwa

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced huge amount of gas discovery and condensate from exploratory well at Kohat, Khyber PakhtoonKhwa. Read more »

Pakistan Oilfields announces large oil, gas discovery in Kohat

KARACHI: Pakistan Oilfields Limited (POL) on Thursday announced discovery of large deposits of oil and gas at TAL Block, Kohat District, Khyber Pakhtunkhwa. Read more »