Islamabad, July 6, 2024 – In a promising development for Pakistan’s energy sector, a delegation of local and international oil and gas exploration and production (E&P) companies announced a significant investment of $5 billion over the next three years. The announcement came during a meeting with Prime Minister Shehbaz Sharif at the Prime Minister’s House.
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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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Divided Dealers Cause Partial Petrol Pump Closure
Karachi, July 5, 2024 – Pakistan witnessed a patchy petrol pump strike on Friday as the Pakistan Petroleum Dealers Association (PPDA) remained split over a call to protest a new 0.5% turnover tax imposed in the recent federal budget.
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Petrol Pumps to Remain Open Despite Strike Call: Authorities
Islamabad, July 5, 2024: In a move to mitigate disruptions caused by a planned strike by the Pakistan Petroleum Dealer’s Association (PPDA), the Petroleum Division has taken steps to ensure an uninterrupted fuel supply across the country.
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Petrol Pumps Face Shutdown as PPDA Announces Strike on July 5
Karachi, July 4, 2024 – Pakistanis are urged to fill their tanks today as the Pakistan Petroleum Dealers Association (PPDA) prepares for a nationwide strike starting tomorrow, July 5th. The strike, which could last more than a day, comes after failed negotiations between the PPDA and the government regarding a newly imposed tax.
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SSGC in Gridlock: Sales Tax Return Woes Disrupt Supply Chain
Karachi, July 2, 2024 – Sui Southern Gas Company Limited (SSGC), a major gas utility company in Pakistan, is facing a bureaucratic nightmare due to an anomaly in a recent tax regulation. This anomaly has thrown SSGC’s sales tax return for April 2024 into disarray, creating a ripple effect that is disrupting the entire supply chain.
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Pakistan Petroleum Announces Gas Discovery at Khairpur in Sindh
Karachi, July 2, 2024 – Pakistan Petroleum Limited (PPL) has reported a significant gas discovery in Khairpur District, Sindh Province, with the successful exploration of the Tor-1 well in the Latif Block.
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Mari Petroleum Announces Successful Drilling in Sindh
Karachi, July 2, 2024 – Mari Petroleum Company Limited has announced the successful drilling of an appraisal well in the Ghazij Formation, Sindh. This achievement marks a significant milestone in the company’s exploration efforts.
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Pakistan Records Lowest Annual Petroleum Sales in FY24
Karachi, July 1, 2024 – Pakistan has recorded the lowest annual petroleum sales for the fiscal year 2023-24, according to data available since the fiscal year 2005-06.
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OGDCL Announces Production Optimization of Naspha-4 Well
Karachi, July 1, 2024 – The Oil and Gas Development Company Limited (OGDCL) announced on Monday the successful revitalization of the Naspha-4 well. This achievement underscores the company’s ongoing efforts to enhance its production capabilities and optimize resource extraction.
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Pakistan Jacks Up Petroleum Prices for First Half of July 2024
Islamabad, July 1, 2024 – Pakistan has announced an increase in petroleum prices for the first half of July 2024, attributing the hike to a rising trend in the international market.
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