Karachi, February 28, 2025 – Oil and Gas Development Company Limited (OGDCL) has reported a significant 33% decline in its half-year profit after tax, primarily due to increased taxation.
(more…)Category: Energy
You can go through stories related to energy. The stories are about changes in petroleum prices and updates on energy sector of Pakistan and world.
-
Expected Petroleum Prices in Pakistan for March 2025
Islamabad, February 28, 2025 – Pakistan is preparing to revise petroleum prices for the first half of March 2025, with the new rates set to take effect from March 1, 2025.
(more…) -
OGDCL Discovers Oil and Gas in North Waziristan
Karachi, February 25, 2025 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant discovery of oil and gas at the Exploratory Well Spinwam-1 in the Waziristan Block, situated in the North Waziristan District of Khyber Pakhtunkhwa Province.
(more…) -
Pakistan, Azerbaijan Sign MOU for Joint Oil Trading Company
Karachi, February 24, 2025 – Pakistan and Azerbaijan have strengthened their energy sector collaboration by signing a Memorandum of Understanding (MOU) on Monday for the establishment of a joint oil trading company.
(more…) -
Shell Pakistan Reports 44% Dip in Annual Profit Amid High Taxes
Karachi, February 20, 2025 – Shell Pakistan, now rebranded as Wafi Energy Pakistan Limited, has reported a 44% drop in annual profit for the financial year ending December 31, 2024.
(more…) -
Pakistan Opens 71 New Blocks for Oil and Gas Exploration
Islamabad – Pakistan has announced the offering of 71 new blocks for oil and gas exploration, marking a significant step in revitalizing the country’s energy sector after a decade.
(more…) -
PSO Partners with HUBCO to Develop EV Charging Infrastructure
Karachi, February 17, 2025 – Pakistan State Oil (PSO) has announced a significant partnership with HUBCO Green (Private) Limited to establish and promote electric vehicle (EV) charging infrastructure across Pakistan.
(more…) -
Pakistan Announces Petrol Price Reduction by One Rupee
Islamabad, February 15, 2025 – In a move aimed at providing relief to the public, Pakistan has announced a reduction in petrol prices by one rupee per litre for the next fortnight.
(more…) -
KCCI Accuses NEPRA, KE of Neglecting Karachi Consumers
Karachi, February 15, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly criticized the National Electric Power Regulatory Authority (NEPRA) and K-Electric (KE) for their alleged failure to pass on the benefits of tariff reductions to Karachi’s consumers.
(more…) -
Pakistan May Sharply Cut Petroleum Prices Starting February 16
Islamabad, February 15, 2025 – Pakistan is poised to implement a significant reduction in petroleum prices during its scheduled revision for the latter half of February 2025.
(more…)