OGDC Signs Baker Hughes Deal To Increase Oil And Gas Output From Mature Fields
OGDC has signed an agreement with Baker Hughes to deploy mature asset technologies and improve oil and gas recovery from ageing fields across Pakistan.
PSX KSE-100 Gains 574 Points to Close at 177,166
Pakistan Stock Exchange closes 574 points higher at 177,166 after volatile trading, while refinery stocks rally on upgrade deal news and SPI inflation rises 0.49%.
Govt Raises Petroleum Dealers’ Margin by Rs1.34 Per Litre to Rs9.98
The ECC has approved a Rs1.34 per litre increase in petroleum dealers’ margin, raising it from Rs8.64 to Rs9.98 for motor spirit and high-speed diesel.
Pakistan Refineries Plan $5 Billion Upgrade Push as Parco Commits $600 Million to Green Fuel
Pakistan’s five major refineries are planning up to $5 billion in upgrades, including green fuel, capacity expansion, bottom-of-barrel projects and Euro-V fuel production.
Prime Minister Shehbaz Sharif Orders Comprehensive Digitization and Overhaul of OGRA Operations
Prime Minister Shehbaz Sharif directs a major restructuring of OGRA to enforce real-time digital monitoring, enhance technical capacity, and curb fuel hoarding.
Pakistan Customs Issues Notice to Pak Arab Refinery Over Alleged Petroleum Storage and Delivery Irregularities
The Faisalabad enforcement division of Pakistan Customs initiates regulatory scrutiny against Pak Arab Refinery Limited regarding serious statutory compliance lapses.
Government to Launch National Digital Fuel Management System and Vehicle Quota App
Pakistan introduces a Digital Fuel Management System across 12,000 petrol pumps to track real-time sales and implement a vehicle-based fuel quota system.
Pakistan and Oman Strengthen Energy Ties Amid Evolving Regional Dynamics
Federal Minister for Petroleum Ali Pervaiz Malik and Oman Ambassador discuss diversifying energy imports and alternative supply routes beyond the Strait of Hormuz.
Pakistan Refinery Limited H1 2025 Net Profit Rs2.14bn Amid Operational Turnaround
Pakistan Refinery Limited posts Rs2.14bn net profit for H1 2025, reversing last year’s loss, driven by improved refining margins, cost management, and operational efficiency.