PPL Archives - Pkrevenue.com

PPL settles disputes with Descon over two major EPCC projects

February 26, 2026February 26, 2026Faisal Shahnawaz

Karachi, February 26, 2026: Pakistan Petroleum Limited (PPL) on Thursday announced that it has reached an amicable settlement with Presson Descon International (Private) Limited (PDIL) and Descon Engineering Limited (DEL) to resolve long-standing disputes related to two major Engineering, Procurement, Construction, and Commissioning (EPCC) projects.

Pakistan petroleum discovers new hydrocarbons from Lumshiwal Formation

February 20, 2026February 20, 2026Faisal Shahnawaz

Pakistan Petroleum Limited (PPL) on Friday announced a fresh oil and gas discovery from the Lumshiwal Formation at the exploratory well Baragzai X-01 (Slant), located in the partner-operated Nashpa Block in district Kohat, Khyber Pakhtunkhwa.

Pakistan Petroleum in tax tug-of-war as FBR slaps multi-billion rupee notices

February 19, 2026February 19, 2026Shahnawaz Akhter

Karachi, February 19, 2026 – Pakistan Petroleum Limited (PPL) has disclosed that it is contesting tax demand notices worth billions of rupees issued by the Federal Board of Revenue (FBR), according to the company’s financial statements for the half year ended December 31, 2025.

PPL posts 26% profit drop as higher costs and taxes squeeze quarterly earnings

February 13, 2026February 13, 2026Faisal Shahnawaz

Karachi, February 13, 2026 – Pakistan Petroleum Limited (PPL) on Friday announced a sharp 26 percent decline in its after-tax profit for the quarter ended December 31, 2025, primarily due to a significant rise in operating expenses and higher tax payments.

PPL Expands Barytes Project with New Agreement in Balochistan

April 10, 2025April 10, 2025Shahnawaz Akhter

Karachi, April 10, 2025 — Pakistan Petroleum Limited (PPL) has taken a major step forward in expanding its mining footprint in Balochistan, announcing the execution of Amendment No. 1 to the Operating Agreement for its Barytes Project.

PPL Reports Major Boost in Gas Production at Gambat South

January 23, 2025January 23, 2025Shahnawaz Akhter

Karachi, January 23, 2025 – Pakistan Petroleum Limited (PPL) has announced a remarkable increase in gas production at the Shandad X-1 well, located in the Gambat South Block.

PPL Commences Gas Production from Jamshoro Discovery

January 10, 2025January 10, 2025Shahnawaz Akhter

Karachi, January 10, 2025 – Pakistan Petroleum Limited (PPL) has announced the commencement of gas production from its exploratory discovery in District Jamshoro, Sindh Province. This milestone marks a significant contribution to Pakistan’s energy sector amidst the ongoing energy crisis.

PPL Announces Settlement with Midland Oil Company in Iraq

January 6, 2025January 6, 2025Shahnawaz Akhter

Karachi, January 6, 2025 – Pakistan Petroleum Limited (PPL) has officially announced the successful settlement with Midland Oil Company (MdOC) regarding Block-8 in Iraq, marking a key achievement in the company’s international operations. This announcement was made through a communication sent to the Pakistan Stock Exchange (PSX) on Monday.

PPL Commissions Exploratory Well to Address Energy Crisis

December 27, 2024December 27, 2024Shahnawaz Akhter

Karachi, December 27, 2024 – Pakistan Petroleum Limited (PPL) has successfully commissioned an exploratory well in Sindh, a development poised to alleviate the country’s gas supply gap amid the prevailing energy crisis.

PPL Announces Significant Gas Discovery in Jamshoro, Sindh

December 24, 2024December 24, 2024Faisal Shahnawaz

Karachi, December 24, 2024 – Pakistan Petroleum Limited (PPL) announced a major gas discovery in the Jamshoro district of Sindh Province, marking a promising development for the nation’s energy sector.

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