Mari Petroleum board decides consortium to set up NewCo in Abu Dhabi

KARACHI: The board of directors of Mari Petroleum Company (MPCL) on Thursday decided that a consortium of public limited energy giants shall incorporate a company namely NewCo in Abu Dhabi Global Market or Pakistan. The company in a notice sent to the Pakistan Stock Exchange (PSX) said that the Board of Directors of MPCL, in […]

by Mrs. Anjum Shahnawaz

Jul 20

Energy

Mari Petroleum discovers gas in Sindh

KARACHI: Mari Petroleum Company Limited (MPCL) on Monday announced discovery of gas from its exploratory well Hilal-1, drilled in Mari D&P Lease Area, located in Daharki, District Ghotki, Sindh. Hilal-1 was spud-in on April 21, 2020 and drilled down to the depth of 1,202m into Sui Main Limestone(SML). The well was drilled with the objective […]

by Mrs. Anjum Shahnawaz

Mari Petroleum sets up subsidiary at Dubai Free Zone

Oct 24

Corporate, Energy

Mari Petroleum sets up subsidiary at Dubai Free Zone

KARACHI: Mari Petroleum Company Limited (MPCL) has announced establishment of a wholly owned subsidiary company at Dubai Free Zone for expansion of operations. In a notice to Pakistan Stock Exchange (PSX) on Wednesday, the company said that its board of directors had approved establishment of a wholly owned subsidiary company of MPCL in Dubai Free […]

by Mrs. Anjum Shahnawaz

Mari Petroleum board approves acquisition of two new exploration blocks

Feb 20

Corporate

Mari Petroleum board approves acquisition of two new exploration blocks

The Board of Directors (BoD) of Mari Petroleum Company Limited (MPCL) has given its approval for the acquisition of two new exploration blocks, as announced in a statement issued by the company on Wednesday.

by Faisal Shahnawaz