PPL settles with Midland Oil for Block-8, Iraq

MG News | January 06, 2025 at 03:32 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 06, 2024 (MLN): Pakistan Petroleum Limited (PSX: PPL) has successfully reached a settlement with Midland Oil Company (MdOC) concerning the Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in Iraq, the company's filing on PSX revealed today.

PPL Asia E&P B.V. (PPLA), which is a wholly-owned subsidiary of PPL, received $6.0 million on 3rd January 2025.

This payment is related to the closure of the EDPSC mentioned earlier.

The receipt of this amount signifies the successful conclusion and settlement of the contract.

Copyright Mettis Link News

Related News

Ghani Chemworld clarifies production halt, local sales to continue

PSX Closing Bell: Red on Tiptoe

NRL profit surges 11-fold to Rs11.6bn in 1QFY27

Name	Price/Vol	%Chg/NChg
KSE100	165,966.09 108.61M	-0.27% -453.63
ALLSHR	100,649.04 369.48M	-0.22% -222.88
KSE30	49,203.74 43.42M	-0.23% -112.91
KMI30	239,287.91 80.38M	-0.26% -619.69
KMIALLSHR	65,328.92 210.08M	-0.22% -144.76
BKTi	45,744.69 8.30M	-0.23% -104.59
OGTi	33,516.92 3.86M	-0.02% -6.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	82,400.00	83,200.00 80,700.00	800.00 0.98%
BRENT CRUDE	107.76	109.65 106.82	-2.10 -1.91%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-1.05 -0.81%
ROTTERDAM COAL MONTHLY	145.10	0.00 0.00	-0.55 -0.38%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	97.25	99.24 96.72	-1.77 -1.79%
SUGAR #11 WORLD	20.51	20.95 20.48	-0.34 -1.63%