Oct 25

PPL posts 18% net profit growth in first quarter

KARACHI: Pakistan Petroleum Limited (PPL) has announced 18 per cent growth in net profit of the first quarter ended September 30, 2021. The company announced profit after tax of Rs16.86 billion during the first quarter (July – September) of the current fiscal year as compared with Rs14.32 billion in the corresponding period of the last […]

by Mrs. Anjum Shahnawaz

ITMinds, PPL sign deal for accounting services

Oct 18

Corporate, Energy

ITMinds, PPL sign deal for accounting services

KARACHI: Pakistan Petroleum Limited (PPL) & ITMinds Limited (ITMinds), a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement enabling ITMinds to provide Back Office Accounting Services for PPL’s Retirement Funds. This is a continuation of an earlier arrangement between ITMinds and PPL through which ITMinds had been successfully […]

by Mrs. Anjum Shahnawaz

Pakistan Petroleum discovers hydrocarbons in Sindh

Sep 9

Energy

Pakistan Petroleum discovers hydrocarbons in Sindh

KARACHI: Pakistan Petroleum Limited (PPL) on Thursday announced the discovery of hydrocarbons in Sindh province. In a communication sent to Pakistan Stock Exchange (PSX), the company announced the hydrocarbon discovery from the exploratory well, Jugan-1, in the Latif Block which is situated in the Province of Sindh. The company holds a 33.30 per cent working […]

by Faisal Shahnawaz

Pakistani consortium awarded exploration in Abu Dhabi

Aug 31

Energy

Pakistani consortium awarded exploration in Abu Dhabi

KARACHI: According to a notice to Pakistan Stock Exchange (PSX) on Tuesday, a consortium of Pakistani companies has been awarded exploration in Abu Dhabi. The consortium of PPL (operator), OGDC, MARI and GHPL has been awarded an Offshore Block-5 in Abu Dhabi. Analysts at Arif Habib Limited said that the consortium participated in Abu Dhabi’s […]

by Hamza Shahnawaz

PPL commences commercial gas production from Shah Bandar Block

May 4

Energy

PPL commences commercial gas production from Shah Bandar Block

KARACHI: Pakistan Petroleum Limited (PPL) on Tuesday announced start of commercial gas production from a block located in the province of Sindh. PPL, the operator of the Block 246-16 (Shah Bandar), announced the commencement of commercial gas production from Benari Development & Production Lease (Benari D&PL) in Shah Bandar Block with effect from May 03, […]

by Mrs. Anjum Shahnawaz

PPL declares decline in net profit to Rs38.12 billion during nine months

Apr 29

Energy

PPL declares decline in net profit to Rs38.12 billion during nine months

KARACHI: Pakistan Petroleum Limited (PPL) on Thursday declared decline in net profit to Rs38.12 billion for the nine-month period ended March 31, 2021. According to unconsolidated financial results submitted to Pakistan Stock Exchange (PSX), the petroleum company declared Rs38.12 billion during first nine months (July – March) 2020/2021 as compared with Rs39.23 billion in the […]

by Mrs. Anjum Shahnawaz

PPL declares 18pc decline in gross profit in first half

Feb 26

Corporate, Energy

PPL declares 18pc decline in gross profit in first half

KARACHI: Pakistan Petroleum Limited (PPL) on Friday declared 18 percent decline in its gross profit for the period July – December 2020. However, drastic reduction in exploration expenses and other charges the net profit (after payment of tax) of the company managed to post a growth of 7 percent for the period. The company declared […]

by Mrs. Anjum Shahnawaz

OGDCL-PPL awarded exploration rights of new block in Balochistan

Jan 29

Energy

OGDCL-PPL awarded exploration rights of new block in Balochistan

KARACHI: The government has provisionally awarded exploration rights of a new block situated in the Balochistan Province to a joint venture comprising Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL), a statement said on Friday. The statement issued by PPL said that the government had provisionally awarded a new block ‘Suleiman […]

by Mrs. Anjum Shahnawaz

PPL announces major discoveries of hydrocarbons in Sindh, Balochistan

Dec 23

Energy

PPL announces major discoveries of hydrocarbons in Sindh, Balochistan

KARACHI: Pakistan Petroleum Limited (PPL) has announced major discoveries of hydrocarbons in Sindh and Blochistan, according to notifications received by Pakistan Stock Exchange (PSX) on Monday. In the first notice, the PPL disclosed a hydrocarbon discovery in exploratory well, Bitro-I in Latif Block located in Kharipur District, Sindh, by the joint venture partners of the […]

by Mrs. Anjum Shahnawaz

PPL plans to spud 20 exploratory, developmental wells

Nov 26

Corporate, Energy

PPL plans to spud 20 exploratory, developmental wells

KARACHI: Pakistan Petroleum Limited (PPL) has planned to spud 20 wells during fiscal year 2019/2020 out of which half of wells are exploratory and remaining are developmental. The management of PPL recent held a Corporate Briefing to discuss FY19’s financial performance and future outlook, analysts at Arif Habib Limited said on Tuesday. In Adhi field, […]

by Mrs. Anjum Shahnawaz