PPL names Sikandar Ali Memon new CEO
The new managing director of Pakistan Petroleum Limited (PPL), Sikandar Ali Memo,n will take charge on Sunday.
The government has appointed Sikandar Ali Memon as the new managing director of PPL, the country’s oil and gas explorer, with immediate effect from September 21, 2025.
He is going to replace Imran Abbasy, who has served for three years as managing director of the company.PPL Posts Rs19.3B Profit in 4QFY25
The company has announced the decision following approval of the board of directors of PPL on September 19.
The company said in a statement that Memon has served as Chief Operating Officer since November 2023. He will continue in the top role until his retirement or until a regular CEO is appointed.
Memon has experience of more than three decades in the international and domestic oil and gas industry.
He has served in global energy firms like British Petroleum (BP), Aramco, Petronas, Occidental Petroleum, and United Energy Pakistan (UEP).
Before joining PPL, Memon had served as Head of Production Engineering and Technology at UEP. His role was to oversee upstream production operations. Earlier, he also worked as Manager Petroleum Engineering and Operations at ADNOC Group in the United Arab Emirates, Head of Technical Support Unit at Saudi Aramco, and Senior Production Technologist at Petronas in Malaysia. In Pakistan, he held the position of Senior Staff Engineer at BP.
At present, PPL is engaged in mega projects of oil, gas, and minerals at local and international levels. The company is part of a consortium that is engaged in the exploration of offshore oil and gas reserves in the United Arab Emirates.
Other partners included OGDCL, Mari Petroleum, and GHP,L which are also engaged in working to explore oil and gas in the UAE.
Saudi Arabia had given an offshore field to Pakistani state-owned companies as a good gesture. PPL had already worked in Iraq and Yemen, but it did not yield any results. However, it had also explored offshore oil and gas reserves in the UAE.Pakistani companies win offshore block in UAE
This was the reason that UAE firm ADNOC had increased its interest up to 60 percent in the field in which Pakistani companies were now working.
Pakistani state-owned companies had also started work in minerals. PPL, along with other companies like OGDLCL, Mari Petroleum, and GHPL, was part of the multibillion-dollar Rekodiq gold and copper project.
This is a new venture in which PPL is also participating to explore gold and copper in Pakistan. Earlier, it had only engaged in oil and gas exploration, but now it had entered into mineral exploration for the first time.
Pakistan had received a commitment worth $6 billion from international financiers against the required financing of $3 billion. So, the new MD PPL had mega projects on the table to execute these projects timely manner.
