Pakistan Oilfields Limited (POL) reported a net profit of Rs 5.4 bn (EPS: 19.13), up 2.1 times YoY, as Razgir gas output begins and offshore exposure is held in check. Pakistan Oilfields Limited (POL) posted a net profit of Rs 5.4 bn in the year ended June 30, 2025 (EPS: 19.13), representing a more than…
After plunging to a low of US$4.5 per barrel in April 2025, Gross Refining Margins (GRMs) of local refineries have significantly improved during the ongoing month, reaching a nearly two-year high of US$13.3 per barrel. This is positive for local refineries, as their earnings are directly linked to changes in GRMs. For context, the highest…
The Oil and Gas Regulatory Authority (OGRA) has notified revised LNG prices for November 1, 2025, showing mixed adjustments across transmission and distribution categories for SNGPL and SSGCL. According to the OGRA’s determination, SNGPL’s RLNG transmission price has slightly decreased from $11.4381/MMBtu in October to $11.4305/MMBtu in November, a reduction of 0.07%. However, its distribution…
Electricity Consumers are set to witness increase in their electricity bills due to possible increase in national power purchase price. The power regulator conducted a public hearing on Tuesday to consider a proposal of setting the national power purchase price at a rate that industry representatives warn will keep energy expensive and stifle economic growth….
Vitol, together with Pakistan’s largest oil refiner Cnergyico, has delivered the country’s largest single shipment of very low sulfur fuel. The shipment will allow vessels refueling in Pakistan to sail longer east-to-west routes without requiring additional stops at other ports. This development also strengthens Pakistan’s local supply of environmentally compliant marine fuel, meeting global shipping…
Federal Minister for Petroleum, Ali Pervaiz Malik, was called on by H.E. Ms. Ina Lepel, the German Ambassador to Pakistan, at the Ministry of Energy. Ms. Janine Rohwer ,Political and Economic Counsellor was also in presence. The discussions centered on unlocking the vast potential for bilateral cooperation in Pakistan’s mining, minerals, and energy sectors. The…
The Economic Coordination Committee (ECC) has approved PPL’s request for Assignment of Participating Interests in the Eastern Offshore Block-C, marking a significant milestone in Pakistan’s offshore exploration efforts. Under the approved arrangement, the Participating Interests in the block will be held by Turkish Petroleum Overseas Company (TPOC) at 25%, Pakistan Petroleum Limited (PPL) at 35%,…
Experts at the 2nd International Oil & Gas Conference say Pakistan may tap major oil and gas volumes by using modern AI-driven exploration methods. At a conference held in Islamabad, industry experts asserted that Pakistan can unlock billions of barrels of oil-equivalent resources by adopting advanced AI-supported exploration. Read More: Task Force Okays Rs89bn OGDCL…
Engineer Ch. Khalid Mahmood, Chief Executive Officer of IESCO, has said that Federal Government and Ministry of Energy vision is to promote Digitalization and transparency in the power sector of Pakistan and recently launched Apna Meter Apni Reading mobile application is a series of these initiatives. Read More: How to Check and Pay IESCO Bill…
Electricity distribution companies in Pakistan reduced their financial losses during the first quarter of FY2025, indicating improved sector performance overall. Power Division data shows losses from July to September fell to Rs171 billion, compared with Rs249 billion during last year. Officials attribute the decline to stricter oversight, stronger enforcement, and focused anti-theft operations across various…