Islamabad, September 28, 2024 – Pakistan is expected to announce a reduction in petroleum prices starting October 1, 2024, in response to declining international oil prices. However, the reduction may not extend to petrol, which is likely to remain at its current price levels, according to government sources.
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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.
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OGDCL Announces New Gas Discovery in Khairpur District, Sindh
Karachi, September 25, 2024 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant gas discovery in the Sawan South Block at the Akhiro-1 Exploratory Well located in the Khairpur district of Sindh. This new find is expected to bolster Pakistan’s energy sector and contribute to the country’s growing demand for indigenous energy resources.
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Mari Petroleum Announces Rs 10 Billion Equity Investment
Karachi, September 24, 2024 – Mari Petroleum Company Limited (MPCL) has announced a significant equity investment of Rs 10 billion into a newly proposed subsidiary company. This move is part of the company’s broader strategy to diversify its business portfolio and explore emerging sectors beyond its traditional focus on petroleum exploration and production.
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OGDCL Declares Rs 209 Billion After Tax Profit for FY24
Islamabad—The Oil & Gas Development Company Limited (OGDCL) announced a robust financial performance for the fiscal year ending June 30, 2024, posting a profit after tax of Rs 209 billion. The financial results were shared during a Board of Directors (BoD) meeting held in Islamabad on Monday, September 23, 2024.
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OGDCL and CCDC Sign MoU for Shale and Tight Gas Exploration in Pakistan
Islamabad, September 22, 2024 – In a significant move to harness Pakistan’s indigenous energy resources, the Oil and Gas Development Company Limited (OGDCL) has signed a Memorandum of Understanding (MoU) with China’s CCDC to explore shale and tight gas reserves in Pakistan.
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Pakistan’s Oil Giants Participate in Silk Route Expo in China
Islamabad, September 21, 2024 – Pakistan’s leading oil and gas companies are actively participating in the 8th Silk Route Expo in Xian, China, exploring significant investment opportunities with Chinese firms. This participation highlights Pakistan’s intent to strengthen energy sector collaborations and finalize joint ventures with China in critical areas such as oil and gas exploration, refinery upgrades, and coal conversion technologies.
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Government Adjusts Exchange Rates for Petroleum Prices
ISLAMABAD – The Pakistani government has adjusted the exchange rate used for calculating petroleum product prices, effective from September 16, 2024. This move led to a slight reduction in the cost of petrol, with minimal impact on high-speed diesel (HSD) prices.
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Gunvor, Total Energies Leaders Meet PM Shehbaz on Growth
Islamabad, September 16, 2024 – Gunvor Group Chairman Torbjorn Tornqvist and Vice President of Oceania & Southeast Asia for Total Energies, Mehmet Celepoglu, met with Prime Minister Muhammad Shehbaz Sharif on Monday to explore potential investment opportunities in Pakistan’s growing energy sector.
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Pakistan Sharply Reduces Petroleum Prices for 2nd Half of September 2024
Islamabad, September 15, 2024 – In a major relief to consumers, Pakistan announced a sharp reduction in petroleum prices for the second half of September 2024.
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Pakistan Set to Slash Petroleum Prices for 2nd Half of September
ISLAMABAD – September 14, 2024 – As international oil prices continue their downward trend, the Pakistani government is preparing to implement a significant reduction in fuel prices for the second half of September 2024.
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