Pakistan Petroleum Limited (PPL) has signed a Joint Venture Agreement with Degan Exploration Works (DEW), a wholly owned subsidiary of Frontier Works Organization (FWO), to explore and develop mineral resources in the EL-207 Block located in District Chagai, Balochistan. This initiative is a key component of PPL’s strategy to diversify into the mining sector and strengthen its presence in Balochistan.
Read MoreDay: May 25, 2024
Oil and Gas Conference Pakistan (OGCP-2024) Set for May 29th
Islamabad: The highly anticipated Oil and Gas Conference Pakistan (OGCP-2024) is set to take place on May 29th at the Serena Hotel in Islamabad. The event, organized by Energy Update in collaboration with Ministry of Energy (Petroleum Division) and Oil and Gas Regulatory Authority (OGRA) promises to be a landmark gathering for Pakistan’s energy sector. Mr. M. Naeem Qureshi, Chairman of the Organizing Committee, provided a detailed briefing on the event, emphasizing its significance in shaping the future of the industry. Keynote speakers, panelists, and distinguished guests at OGCEP-2024 will…
Read MoreKE to Restore Power Supply to Defaulters Using Up to 200 Units
Sindh Energy Minister Syed Nasir Hussain Shah announced on Friday that K-Electric (KE) has agreed to restore electricity supply to consumers using up to 200 units, overlooking their old dues and charging them based on new bills. This decision aims to provide relief to underprivileged consumers. Shah and Sindh lawmakers held a meeting with KE officials to discuss this initiative. The energy minister appreciated the power utility’s efforts and expressed hope that KE would improve its reputation through consumer-friendly measures. He emphasized the importance of timely bill payments by consumers.…
Read MorePPL Partners with DEW to Explore Mineral Resources in Balochistan
KARACHI: Pakistan Petroleum Limited (PPL), a state-owned oil and gas producer, is diversifying its business by entering into a joint venture with Degan Exploration Works (DEW) to explore and develop mineral resources in Balochistan, according to a statement released on Friday. “We are pleased to announce that Pakistan Petroleum Limited (PPL), as part of its business diversification efforts, is expanding its mining portfolio by entering into a JVA with Degan Exploration Works to explore and develop the mineral resources in exploration license EL-207, in district Chagai, Balochistan,” PPL said in…
Read MoreFuel Prices Expected to Drop in June
ISLAMABAD: Fuel prices in Pakistan are expected to decrease once more, with the federal government likely to announce a reduction in petrol prices by Rs 4.50 per litre for the first half of June. The price of high-speed diesel (HSD) is also anticipated to fall by around Rs 4 per litre. The official announcement of the new prices will be made at midnight on May 31, 2024, with the new rates taking effect on June 1, 2024. This expected price drop is driven by a significant decrease in international oil…
Read More