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July-September: Pakistan Refinery sustains Rs2.4bn in losses
July-September: Pakistan Refinery sustains Rs2.4bn in losses
Source: Business recorder
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PPL’s subsidiary secures $6mn settlement with Iraq’s Midland Oil Company
PPL’s subsidiary secures $6mn settlement with Iraq’s Midland Oil Company
Source: Business recorder
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US aims to deepen economic ties
US aims to deepen economic ties
Source: The Express Tribune
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OGDC’s profit down 7% in FY24 despite higher sales
OGDC’s profit down 7% in FY24 despite higher sales
Source: Business recorder
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Sui Southern Gas Company appoints Amin Rajput as acting CEO, MD
Sui Southern Gas Company appoints Amin Rajput as acting CEO, MD
Source: Business recorder
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OGDCL discovers hydrocarbon reserves in Sindh
OGDCL discovers hydrocarbon reserves in Sindh
Source: Business recorder
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PSO’s profit doubles, clocks in at Rs19.6bn in FY24
PSO’s profit doubles, clocks in at Rs19.6bn in FY24
Source: Business recorder
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Pakistan’s largest IPP HUBCO posts profit of Rs75.3bn in FY24
Pakistan’s largest IPP HUBCO posts profit of Rs75.3bn in FY24
Source: Business recorder
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Mari Petroleum forms subsidiary with focus on cloud computing, AI
Mari Petroleum forms subsidiary with focus on cloud computing, AI
Source: Business recorder
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Pakistan’s oil & gas companies announce significant hydrocarbon find in Khyber Pakhtunkhwa
Pakistan’s oil & gas companies announce significant hydrocarbon find in Khyber Pakhtunkhwa
Source: Business recorder
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Pakistan Oilfields announces discovery of oil & gas reserves in KP’s Kohat district
Pakistan Oilfields announces discovery of oil & gas reserves in KP’s Kohat district
Source: Business recorder
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MARI successfully concludes Ghazij appraisal program
MARI successfully concludes Ghazij appraisal program
Source: Business recorder
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INIL’s associate company to invest in Reko Diq project
INIL’s associate company to invest in Reko Diq project
Source: Business recorder
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IGC LP now has no indirect interest in KE, PSX told
IGC LP now has no indirect interest in KE, PSX told
Source: The News
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Stock market growth mirage
Stock market growth mirage
Source: Business recorder
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Chinese giant BYD partners with HUBCO subsidiary to introduce EVs in Pakistan
Chinese giant BYD partners with HUBCO subsidiary to introduce EVs in Pakistan
Source: Business recorder
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OGDCL enhances oil & gas production in KP, Sindh wells
OGDCL enhances oil & gas production in KP, Sindh wells
Source: Business recorder
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Liars and cheats?
Liars and cheats?
Source: The Express Tribune
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Positive signs indicate economic turnaround: Musadik
Positive signs indicate economic turnaround: Musadik
Source: APP
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Amid funding crunch, solar companies are being offered a door at PSX
Amid funding crunch, solar companies are being offered a door at PSX
Source: Business recorder
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OGDC sees significant boost in oil production at KPK well
OGDC sees significant boost in oil production at KPK well
Source: Business recorder
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Pakistani companies with market cap of over $1bn at PSX
Pakistani companies with market cap of over $1bn at PSX
Source: Business recorder
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New milestone achieved
New milestone achieved
Source: Recorder Report
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Attock Refinery restarts operation of key unit
Attock Refinery restarts operation of key unit
Source: Business recorder
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Mari Petroleum says will invest Rs2.5bn in mineral mining subsidiary via equity injection
Mari Petroleum says will invest Rs2.5bn in mineral mining subsidiary via equity injection
Source: BR Web Desk
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77.42pc shares, control of Shell Pakistan: PRL, AIRLINK withdraw intention
77.42pc shares, control of Shell Pakistan: PRL, AIRLINK withdraw intention
Source: Recorder Report
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New IMF programme: Aurangzeb optimistic about prospects
New IMF programme: Aurangzeb optimistic about prospects
Source: Recorder Report
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OGDCL discovers gas reserves in Khyber-Pakhtunkhwa
OGDCL discovers gas reserves in Khyber-Pakhtunkhwa
Source: Business Recorder
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SSGC incurs massive loss of Rs9.3bn in 6MFY23
SSGC incurs massive loss of Rs9.3bn in 6MFY23
Source: BR Web Desk
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2023: corporate profits boom despite economic slowdown
2023: corporate profits boom despite economic slowdown
Source: Recorder Report
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OGDCL discovers ‘significant’ hydrocarbon reserves in Sindh
OGDCL discovers ‘significant’ hydrocarbon reserves in Sindh
Source: Business Recorder
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news
Market shrugs off energy ministry’s post, KSE-100 continues to plummet
Market shrugs off energy ministry’s post, KSE-100 continues to plummet
Source: BR Web Desk
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MPCL successfully drills well in Mari Deep Goru-B formation
MPCL successfully drills well in Mari Deep Goru-B formation
Source: Recorder Report
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Strong corporate performance drives final-hour buying rally at PSX
Strong corporate performance drives final-hour buying rally at PSX
Source: Business Recorder
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Circular debt: stocks lose 524.43 points on uncertainty
Circular debt: stocks lose 524.43 points on uncertainty
Source: Recorder Report
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Mari Ghazij: MPCL announces successful drilling of another appraisal well
Mari Ghazij: MPCL announces successful drilling of another appraisal well
Source: Recorder Report
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Engro Coal shares acquisition: BoD authorises Hubco to execute definitive pacts
Engro Coal shares acquisition: BoD authorises Hubco to execute definitive pacts
Source: Recorder Report
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Mari Petroleum discovers gas reserves in North Waziristan
Mari Petroleum discovers gas reserves in North Waziristan
Source: Business Recorder
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JDW Sugar Mills to set up ethanol distillery
JDW Sugar Mills to set up ethanol distillery
Source: Business Recorder
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Millat Energy Group eyes 76% stake in Hascol Petroleum
Millat Energy Group eyes 76% stake in Hascol Petroleum
Source: Business Recorder
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Pakistan’s promising economic outlook
Pakistan’s promising economic outlook
Source: Business Recorder
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OGDCL enhances oil, gas output in Sindh
OGDCL enhances oil, gas output in Sindh
Source: Business Recorder
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PM urges business community to take advantage of SIFC
PM urges business community to take advantage of SIFC
Source: Business Recorder
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The way forward
The way forward
Source: Business Recorder
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7% policy rate cut projected for CY24
7% policy rate cut projected for CY24
Source: etribune
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Pakistan Petroleum Limited
Pakistan Petroleum Limited
Source: BR Research
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Sui Southern Gas Company bleeds Rs11.41bn in losses in FY22
Sui Southern Gas Company bleeds Rs11.41bn in losses in FY22
Source: Business Recorder
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Windfall tax levy faces prospect of litigation
Windfall tax levy faces prospect of litigation
Source: Brecorder
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Pakistan refining policy: PRL executes upgrade agreement with OGRA
Pakistan refining policy: PRL executes upgrade agreement with OGRA
Source: Business Recorder
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MARI commences gas production from appraisal well in Sindh
MARI commences gas production from appraisal well in Sindh
Source: BR Web Desk
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Don't take our word for it.

Dr. Gulfaraz Ahmed
Dr. Gulfaraz Ahmed
Advisor Mari Petroleum, Former MD OGDCL, Former Secretary Petroleum

Despite historical energy resource exploration Pakistan is still to achieve self-sufficiency. Therefore Pakistan continues to promote its geology to attract the competitive exploration dollar internationally. The members of the vibrant energy industry in the country felt the need for instituting a forum of The Petroleum Club of Pakistan to serve as an open platform for the sharing of professional information. The PCP organizes meetings and seminars for sharing and promoting information of related knowledge and is headed by a President chosen for historical contributions to the industry in the country!

Dr. Syed Iqbal Mohsin
Dr. Syed Iqbal Mohsin
Former VC Wafaqi Urdu University, Former Director Evening program Karachi University

Petroleum Club of Pakistan provides a platform for professionals that was missing and was very much needed. The exchange of ideas and good communication is very healthy.

Syed Firasat Shah
Syed Firasat Shah
Ex Co-DMD Exploration & Business Development at Pakistan Petroleum Limited

Petroleum Club of Pakistan is a much needed, integrated think tank platform for the experienced energy professionals to interact, share thoughts on important energy challenges and to come up with fact-based solutions, by following the principles of mutual respect, collective wisdom, and constructive thinking. The club will also contribute to educating the public on energy-related issues to overcome common misconceptions and prevent its negative impact.

Dr. Saeed Khan Jadoon
Dr. Saeed Khan Jadoon
Ex Executive Director Exploration, Oil & Gas Development Company Ltd. Islamabad, Pakistan

On behalf of the Petroleum Club of Pakistan (PCP), my team and I welcome all our members and visitors to our web platform. PCP is a not-for-profit organization, our efforts are towards making Pakistan a leading country in the energy sector by strengthening the links between professionals of the Energy Sector of Pakistan through the power of networking, technology utilization, local research, human resource development, ancillary skills, and counseling. We provide our members with a professional platform to interactively discuss energy-related issues and to propose fact-based solutions that may be used as energy industry feedback for policy formulation. PCP also arranges workshops and talk shows to increase awareness on energy-related issues and the link between academia and the industry.

Ahmed Nawaz
Ahmed Nawaz
Chief Operating Officer (COO) at MOL Pakistan Oil & Gas Co. B.V.

PCP is indeed a prestigious platform that is providing an opportunity to professionals from across the petroleum industry to exchange their views and contribute toward the betterment of our beloved country Pakistan. The thing which I admire the most about PCP, it has made a wealth of knowledge and wisdom accessible to emerging and young industry professionals from those who otherwise would have gone into hibernation post their retirement. Forward-looking, I foresee PCP tremendous role in improved inclusion and structured dissemination of knowledge providing discipline-based expert forums whereby industry and academia can equally benefit and effectively contribute in this volatile, uncertain, complex and ambiguous petroleum business.

Moin Raza Khan
Moin Raza Khan
MD & CEO Pakistan Petroleum Limited

It is heartening to see the Petroleum Club of Pakistan (PCP) flourish in terms of its membership over the past few years. Now we have knowledge powerhouses representing the entire spectrum of the Petroleum and Energy industry in its fold. With an amalgam of young and highly experienced, seasoned professionals of this industry, it carries several thousand years of experience, PCP seems to be well poised to deliver on the very objectives that it was formed for. Being a front runner and a representative from the upstream petroleum sector, now I can say that PCP is getting closer to my vision of providing the best think tank for influencing key decisions by the policymakers, planners, and promulgators across all streams of oil & gas industry of Pakistan.

Masood Siddiqui
Masood Siddiqui
Ex MD, OGDCL

Petroleum Club of Pakistan is a great platform for debating the energy issues of Pakistan. With the thousands of years of experience present at the forum, issues can debated threadbare with across the board perspective incorporated in the outcome.

Muhammad Raziuddin Monem
Muhammad Raziuddin Monem
Member Board Of Directors SSGC , Former Regional Head MI Schlumberger

Petroleum Club is a very good medium to exchange views and ideas about what ails the Petroleum industry and suggestions on some out of the box solutions for the policymakers to see an alternative approach to what they've been doing. This will offer them something to think about. I have always felt that once we have really good Corporate Governance on both sides, in the industry and the regulators or shouldn't we call them facilitators, both ensure that decisions are taken primarily on merit and the Code of Corporate Governance is strictly followed a lot of the issues will be settled, slowly but surely. So here's to a meaningful discussion on this valuable forum.

Muhammad Arif
Muhammad Arif
Member Gas at OGRA

It gives me immense pleasure in penning down to acknowledge that the creation of the Petroleum Club of Pakistan has been the most needed and long-awaited initiative which has united and brought industry professionals at one platform. The Club members’ life long experience and their wisdom reflected in intellectual discourse on most difficult industry issues are invaluable. Issuance of periodic hardcore advisory papers by PCP may provide guiding principles for the government and regulators in the formulation of policies and taking timely corrective measures in addressing the complex industry issues in these testing times and years to come. I am very hopeful and confident that life long experience and wisdom of the very experienced and committed members of PCP would not only strengthen the social and professional network, but it would also be able to truly act as “Think Tank” and provide timely advise or at least “Food for Thought” to the policymakers to address compelling issues faced by the industry with a view to ultimately achieve sustainable security of energy supplies in a competitive market environment. The success of the Petroleum Club of Pakistan is due to the active, timely and painstaking efforts being made by the Club team.

Syed Arif Kamal
Syed Arif Kamal
Former Chief Executive POL & Executive Director OGDCL

Establishment of Petroleum Club of Pakistan became a reality due to vision, inspiration and sincere efforts of members in general but of founder members in particular resulting in a rapid and even an unprecedented growth of membership. Every one has noticed a very enthusiastic participation of members in sharing the technical knowhow and industry information. I hope soon speaker series may also be initiated for dissemination and sharing of knowledge. Finally all the effort of members is focused to help the Country in meeting its energy requirements in an environtally safe, responsible and sustainable manner.

G.A. Sabri
G.A. Sabri
Former Federal Secretary Petroleum / DGPC

Formation of Petroleum Club Of Pakistan is an excellent Initiative and being a member i am thoroughly enjoying it. I would like to compliment Mr. Tahir Alam and Dr. Saeed Khan Jadoon for the wonderful initiative. The Daily news update is again an great idea. PCP is a very good forum for professional interaction and source of learning for the younger generation, as well as keeping the old vintage updated. I would strongly propose that the Government should officially accept it as a think tank group which can make a very useful contribution to policy making. Organisations like PPEPCA and OCAC, which have been there since ages were not able to do what PCP has achieved. It would have a greater impact if the strength of downstream professionals could be increased. PCP’s growth and success will be a source of professional pride. Keep it up Tahir Alam and good luck.

PCP
PCP
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Petroleum Club Of Pakistan

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