Author: Admin

KARACHI, October 14, 2025: Pakistan Petroleum Limited (PPL) is pleased to announce a major milestone in the farm-out process of the Eastern Offshore Indus Block-C, marking the beginning of a strategic collaboration with Turkish Petroleum Overseas Company (TPOC), a wholly owned subsidiary of Türkiye Petrolleri Anonim Ortaklığı (TPAO), the national oil company of Turkiye.This partnership is the result of high-level engagements between the governments of Pakistan and Turkiye, aimed at deepening bilateral cooperation in the energy sector and promoting Foreign Direct Investment (FDI) in Pakistan’s offshore exploration activities.As part of…

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KARACHI: The Executive Committee of the Karachi Chamber of Commerce and Industry (KCCI) has formally accepted the resignations of Muhammad Jawed Bilwani, Zia ul Arfeen and Faisal Khalil Ahmed from their respective offices as President, Senior Vice President and Vice President. Their resignations were duly received by the Secretary General and subsequently approved by the Executive Committee at an emergent meeting convened for this purpose. Following this, a special meeting of the Executive Committee was held to elect new office bearers for the remainder of the 2024–2026 term. In this…

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KUWAIT CITY: The Kuwait Oil Company (KOC) announced on Monday a significant offshore natural gas discovery, describing it as a “major exploration achievement” with reserves projected at around one trillion cubic feet (Tcf) of gas. In an official statement, the KOC — a subsidiary of the Kuwait Petroleum Corporation (KPC) — revealed that the newly discovered Jazah offshore gas field spans approximately 40 square kilometres (15 square miles). Preliminary tests have shown production levels exceeding 29 million cubic feet of gas per day, underscoring the field’s substantial commercial potential. Kuwait,…

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ISLAMABAD: In a serious warning to Pakistan’s power sector, the Port Qasim Electric Power Company (PQEPC) has cautioned the government that it may be forced to suspend operations at its 1,320 MW coal-fired power plant due to the Central Power Purchasing Agency-Guarantee (CPPA-G)’s persistent failure to meet financial obligations under the Power Purchase Agreement (PPA), sources confirmed. In a letter addressed to Minister for Power Awais Leghari, Finance Minister Muhammad Aurangzeb, Planning Minister Ahsan Iqbal, and the Chairman of the China-Pakistan Economic Corridor (CPEC) Authority, PQEPC Chief Executive Officer Wang…

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