Year: 2023

‘SIFC initiatives must trickle down to each province’

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SIFC-initiatives

QUETTA: Initiatives taken by the Special Investment Facilitation Cou­n­­­cil (SIFC) at federal level should have a trickle-down effect in each pro­­vin­ce, Caretaker Prime Minister Anwaarul Haq Kakar said on Tuesday. He was speaking in Quetta at Balochistan’s apex committee meeting, also attended by Army Chief Gen Asim Munir, Federal Interior Minister Sarfraz Ahmed Bugti, Balochistan Chief Minister Ali Mardan Khan Domki, his cabinet members and other senior officials. During the meeting, officials briefed the participants on the revised National Action Plan (NAP), law enforcement operations, anti-smuggling and anti-narcotics operations in…

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PPL achieves production enhancement milestone

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PPL-achieves

Karachi, October 10, 2023: Pakistan Petroleum Limited (PPL) has achieved significant production gain of 13 MMscfd gas and 90 bpd condensate from existing wells through a rigless production enhancement campaign. The company is vigorously pursuing production enhancement utilizing latest techniques and production optimizations efforts. These initiatives were successfully carried out on a number of wells in Sui Gas Field, Gambat South and Hala between June and September 2023. Against the backdrop of maturing producing assets, PPL remains committed to enhancing their production to secure energy for the future.

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Pakistan working on options to actualise IP gas project

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Iran-Pakistan

ISLAMABAD: The authorities concerned in Pakistan have started working out an option to restructure the much-touted and delayed Iran-Pakistan (IP) gas pipeline project in such a manner that US sanctions could not have an impact on the country and penalty of $18 billion sought by Tehran could be averted, top officials in Law Division told The News. “Under the new option, Pakistan may not purchase the gas directly from Iran, but through a third party or a powerful country to escape the US sanctions imposed against Iran for its nuclear…

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PRL announces highest ever production, sales of petroleum products

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PRL-eyes

KARACHI: Pakistan Refinery Limited (PRL) has recorded highest ever production and sales of petroleum products in the month of September on the back of its refinery expansion and upgrade project and remarkable diesel sales of over 82,000 tonnes. “With its ongoing refinery expansion and upgrade project (REUP) at the forefront, PRL set new records in production and sales, propelling the company towards a thriving future,” stated the information shared by PRL with The News. In September 2023, PRL achieved an unprecedented average feed rate of 5,340 tonnes, demonstrating operational excellence…

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Mari Petroleum successfully drills appraisal well in Sindh

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Mari-Petroleum

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, has successfully drilled and tested the appraisal well Mari Ghazij-l, located in Mari D&PL, Sindh. The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. Back in January, the E&P company discovered gas at its exploratory well Mari Ghazij-l, located in Mari D&PL. “As part of the appraisal plan of the discovery, MARI has successfully drilled and tested the appraisal well Mari Ghazij-2 in Mari D&PL area,” the company shared in…

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