Year: 2025

Refinery Upliftment Jumps 40% YoY in November Amid Higher Fuel Demand, Lower Iranian Inflows

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Refinery-Limited

KARACHI: Pakistan’s refining sector recorded a robust 40% year-on-year (YoY) increase in upliftment during November 2025, driven by improved demand for motor spirit (MS), high-speed diesel (HSD), and furnace oil (FO), supported by effective curtailment of Iranian fuel inflows. On a month-on-month (MoM) basis, HSD upliftment rose 4.9% to 566,000 tonnes due to the onset of the Rabi season. FO upliftment dropped 31.2% to 155,000 tonnes as refineries exported most of their FO output in October, when exports peaked at 214,000 tonnes—though at a loss. Sales data from oil marketing…

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Pakistani E&Ps Seal Five Major Agreements for Offshore and Onshore Exploration

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oil-Price

Pakistan’s top exploration and production (E&P) companies have signed five landmark agreements with the Government of Pakistan, paving the way for significant expansion in offshore and onshore hydrocarbon exploration. The agreements, finalised on December 2, 2025, involve leading industry players including Oil & Gas Development Company Limited (OGDCL), Mari Energies Limited, Pakistan Petroleum Limited (PPL), Turkish Petroleum Oil Company (TPOC), Prime International Oil & Gas, and Government Holdings (Private) Limited (GHPL). In a notice to the Pakistan Stock Exchange, OGDCL confirmed that three agreements were executed covering one offshore and…

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Kyrgyz President Arrives in Pakistan for Landmark Two-Day State Visit

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New-Project61

ISLAMABAD: Kyrgyzstan’s President Sadyr Nurgozhoevich Zhaparov arrived in Pakistan on Wednesday for his maiden state visit, undertaken at the invitation of Prime Minister Shehbaz Sharif. The President was warmly received at Nur Khan Airbase by President Asif Ali Zardari and Prime Minister Shehbaz Sharif. As President Zhaparov stepped off his special aircraft, he was greeted with bouquets presented by children dressed in traditional attire, while a gun salute marked his arrival. Young children waving the flags of both nations lined the route, highlighting the warmth of the occasion. A smartly…

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Oil Industry Rejects Rapid Digital Integration Drive Without Cost-Recovery Mechanism

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New-Project60

ISLAMABAD: Pakistan’s oil industry has firmly opposed the unilateral enforcement of a 6–12 month deadline for complete digital integration of more than 32,000 ground tanks, depots, oil tankers, and petrol pumps nationwide, citing the absence of a viable mechanism to recover an estimated Rs55 billion implementation cost. In a formal communication to the Oil & Gas Regulatory Authority (Ogra) and the Petroleum Division, the Oil Companies’ Advisory Council (OCAC)—representing over three dozen oil firms and refineries—flagged serious technical and financial hurdles, terming the regulator’s directives “dictatorial” and unworkable within the…

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PPL Advances Pakistan–Türkiye Strategic Energy Partnership with Landmark Offshore Agreement

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New-Project58

KARACHI, December 4, 2025: Pakistan Petroleum Limited (PPL) has formalized a major step in strengthening Pakistan–Türkiye energy cooperation with the signing of the Assignment Agreement for the Eastern Offshore Indus Block C. The milestone agreement signals a new chapter in bilateral collaboration and offshore hydrocarbon exploration. The ceremony, held on December 2 in Islamabad, was witnessed by Honourable Prime Minister Muhammad Shehbaz Sharif, Türkiye’s Minister for Energy and Natural Resources Alparslan Bayraktar, Pakistan’s Federal Minister for Petroleum Ali Pervaiz Malik, along with senior government officials and industry leaders. PPL’s MD…

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