mari News

GCIL, MARI sign term sheet for gas processing project

Ghani Chemical Industries Limited (PSX: GCIL) and Mari Energies Limited (PSX: MARI) have signed a Term Sheet to collaborate and evaluate the feasibility

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MARI re-appoints Lt Gen Anwar Ali Hyder (Retd) as Chairman of Board

Mari Energies Limited (PSX: MARI) has re-appointed Lt Gen Anwar Ali Hyder, HI(M), (Retd), Managing Director and Chief Executive Officer of Fauji Foundation, as Chairman of its Board of Directors, effective June 24, 2025.

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IHC allows MARI to recover tax by disposing withheld bonus shares

The Islamabad High Court (IHC) has ordered that Mari Energies Limited (PSX: MARI) is entitled to recover the full amount of tax from shareholders by disposing..

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Mari Energies secures major exploration rights

Mari Energies Limited (PSX: MARI) has received the provisional award of ten new exploration blocks from the Directorate...

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MARI begins gas & condensate production from Shewa discovery

Mari Energies Limited (PSX: MARI) has commenced gas and condensate production from the Shewa discovery located in Waziristan Block in KP Province under the...

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MARI discovers 2nd gas & condensate reservoir at Spinwam-1 well

MariEnergies Limited (PSX: MARI) has discovered a second gas and condensate reservoir in the Kawagarh Formation at the Spinwam-1 well...

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Mari Minerals enters new Joint venture

Mari Minerals (Private) Limited, formerly known as Mari Mining Company (Pvt) Limited...

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GCIL, MARI, OGDC sign Gas Sales & Purchase Agreement

Ghani Chemical Industries Limited (PSX: GCIL), Mari Energies Limited (MARI) (formerly Mari Petroleum Company Limited), and Oil and Gas Development Company...

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MARI maintains profit despite 39.18% drop in topline

Mari Petroleum Company Limited (PSX: MARI) earnings in the second quarter of FY25...

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Mari Minerals acquires 5% stake in Kohesultan Mining

Mari Minerals (Private) Limited has signed a definitive agreement to acquire a 5% interest in Kohesultan Mining...

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Mari Petroleum changes name to Mari Energies from 27 Jan

The name of Mari Petroleum Company Limited has been changed to Mari Energies Limited...

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PACRA assigns initial entity ratings to Mari Energies

The Pakistan Credit Rating Agency (PACRA) has assigned initial entity ratings to Mari Energies Limited...

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MARI completes withheld bonus shares disposal

Mari Petroleum Company Limited (PSX: MARI) has announced the completion of the disposal process for withheld bonus shares, which included 10% for filers and....

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MARI proposes name change to "Mari Energies Limited"

The management of Mari Petroleum Company Limited (PSX: MARI) has proposed changing the company’s name to "Mari Energies Limited."..

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MARI maintains profit despite 6% drop in topline

Mari Petroleum Company Limited (PSX: MARI)'s earnings in the first quarter of FY25 inched up 0.3%, with its profit after tax reaching Rs19.2 billion...

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OGDC's profit collapse sinks Oil & Gas sector in Q4FY24

Oil & Gas Development Company Limited (PSX: OGDC), the leading Force in Pakistan's Oil and Gas Exploration sector, posted a substantial drop in its quarterly...

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MARI's shareholders must settle withheld tax by Oct 15

Mari Petroleum Company Limited (PSX: MARI) has requested all shareholders to deposit their respective tax amount on bonus shares, by October 15, 2024...

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High court orders lien on MARI's bonus shares to ensure tax recovery

Due to fluctuations in market price since the book closure date of September 19, 2024, there is a risk that Mari Petroleum Company Limited (PSX: MARI) may...

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Mari Petroleum launches data centers in Karachi of new tech subsidiary

Mari Petroleum Company Limited (PSX: MARI) has initiated the formation of a proposed wholly owned tech subsidiary, with the launch ceremony for its data...

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MARI shareholders approve capitalization of funds exceeding Rs10.67bn

The shareholders of Mari Petroleum Company Limited (PSX: MARI) have approved the capitalization of a total of Rs10.59 billion from its Capital Redemption...

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Mari Petroleum to invest Rs10bn in tech subsidiary

The board of Mari Petroleum Company Limited (PSX: MARI) has approved an investment of Rs10 billion in a proposed wholly owned subsidiary by way of equity....

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MPCL refutes claims of gas discovery in Balochistan

Mari Petroleum Company Limited (PSX: MARI) has clarified today that recent social media reports about a gas discovery in Chagai, Balochistan, are false...

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PSX Closing Bell: Oil Up

Pakistan stocks jumped on Thursday during the late hours of the trading session after better-than-expected result from index heavyweight Mari Petroleum...

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Mari completes fourth appraisal well in Ghazij Formation

Mari Petroleum Company Limited (PSX: MARI) has successfully drilled and tested the fourth appraisal well in Ghazij formation in the Mari D&PL...

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Oil & gas sector's profit boom stalls in Q1 2024 amid lower income

Pakistan’s oil and gas exploration sector has failed to sustain its tale of financial success as industry players witnessed a major drop in earnings...

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Mari Petroleum Q1 2024 profit drops 14% YoY

Mari Petroleum Company Limited (PSX: MARI) experienced a fall of 14% YoY in its profitability in the first quarter of 2024, earning a profit after tax of...

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Mari Petroleum approves Rs2.5bn investment in MMC

The Board of Directors of Mari Petroleum Company Limited (PSX: MARI) has approved an investment of up to Rs2.5 billion by MARI in MMC by way of equity...

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MARI discovers gas at Maiwand X-I ST-l exploration well

Mari Petroleum Company Limited (PSX: MARI) has made a gas discovery at Maiwand X-I ST-l exploration well drilled in Block 28, in Kohlu Distric..

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MPCL acquires stakes in Zarghun South, Nareli blocks from SEPL

Mari Petroleum Company Limited (PSX: MPCL) and Spud Energy Pty Limited (SEPL) have signed agreements today for the acquisition of 40% working interest in...

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Mari announces Rs98 dividend after 57% profit growth in 1HFY24

Mari Petroleum Company Limited (PSX: MARI) recorded an increase of 57.17% YoY in its profitability in the first half of FY24, clocking in its profit after tax..

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MARI discovers gas at Shewa-2 North Waziristan

Mari Petroleum Company Limited (PSX: MARI) has made a gas discovery at Shewa-2 appraisal-cum-exploratory well...

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MARI to hit Rs3,000/share by end of CY24

Mari Petroleum Company Limited (PSX: MARI) is poised for substantial growth, with its share price expected to reach Rs3,000 by the end of December 2024...

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Mari Petroleum drills 3rd successful horizontal well in Mari gas field

Mari Petroleum Company Limited (PSX: MARI) has successfully drilled and tested a third horizontal development well Mari-124H in the...

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Mari starts gas production from Ghazij-2 well

Mari Petroleum Company Limited (PSX: MPCL) has commenced Extended Well Testing (EWT) for gas production from the appraisal well Ghazij-2...

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MARI’s profit jumps 50% YoY to Rs19.14bn in 1QFY24

Mari Petroleum Company Limited (PSX: MARI) revealed its profitability for the first quarter of FY24, wherein the profit after tax clocked in at Rs19.14...

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Mari receives exploration license for mineral exploration in Baluchistan

Mari Petroleum Company Limited (PSX: MARI) has been granted an Exploration License (EL-186) and has been allotted an area of 501 sq. km for mineral...

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Mari’s profit soars by 70%, pays Rs147 DPS in FY23

Mari Petroleum Company Limited (PSX: MARI) 's profitability surged by 69.76% YoY, clocking in its profit after tax at Rs56.13 billion [EPS: Rs420.75]...

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Oil production rises 3.3% WoW, Gas production falls 2.7%

Hydrocarbon oil production for the week ended July 31, 2023, stood at 70,683 barrels of oil per day (BPD), which increased by 3.3% WoW as compared to 68,424....

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Mari Petroleum drills second horizontal well Mari 123H

The management of Mari Petroleum Company Limited (PSX: MARI) has informed that the company has successfully drilled and tested a second horizontal....

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Oil production increases 2.3% WoW, Gas production inches down 0.1%

Hydrocarbon oil production for the week ended July 16, 2023 stood at 67,344 barrels of oil per day (BPD), which increased by 2.3% WoW as compared to 65,854 i...

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MARI, UEPL secure 44%, 46% working interest in Kalchas South Block

The management of Mari Petroleum Company Limited (PSX: MARI) has announced that the government has approved the assignment of 44% working interest in.....

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MPCL empowered to acquire own shares, sets firm restrictions

The shareholders of Mari Petroleum Company Limited (MPCL) on Friday resolved the proposed amendment in Article 16 of the Articles of Association pertaining....

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MARI keeps investors on toes with unprecedented delayed meeting results

Shareholders and market participants were left in uncertainty today as MARI Petroleum, known for its exemplary corporate governance standards....

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Mari shows resilience, records 47% YoY higher profit in tough economy

Mari Petroleum Company Limited (PSX: MPCL) has posted its financial results for 9MFY23, wherein the company continued...

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MARI, OPI sign gas processing contract for Shewa-I Discovery in Waziristan block

Mari Petroleum Company Limited (PSX: MARI) and Orient Petroleum Inc (OPI) have signed a gas processing contract for the provision of Early Production....

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MARI successfully completes commissioning, testing of SGPC Phase-II gas processing facilities

Mari Petroleum Company Limited (PSX: MARI), a leading energy company o Thursday notified the successful completion of construction activities...

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MARI performs post-acid test at exploratory well Mari Ghazij-l

Mari Petroleum Company Limited (PSX: MARI) has performed a post-acid well test at its exploratory well Mari Ghazij-l, located in Mari D&PL in Sindh Province

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FFC, EFERT, FATIMA sign an agreement with MPCL

Fauji Fertilizer Company Limited (FFC) along with Engro Fertilizers Limited (EFERT) and Fatima Fertilizer Company Limited (FATIMA)

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MPCL awarded new four exploration blocks

The Directorate General of Petroleum Concessions (DGPC), has awarded four new exploration blocks to Mari Petroleum Company Limited

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MARI profits inches up to Rs12.71bn

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MARI temporarily suspends operations at Zarghun South, Ziarat Block

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MARI declares 5% rise in profits, payout of Rs124/sh

MARI declares 5% rise in profits, payout of Rs124sh

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MARI performs post-acid test, reports double gas flows at Bannu West-l

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MARI’s profitability to soar by over 40% in FY23

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MARI awarded 5 exploration blocks by Petroleum Division

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MARI’s profitability inches up by 17.57% YoY in 9MFY22

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MARI to divest its entire shareholding in NRL

MARI to divest 20.9mn shares in NRL

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MARI: Profitability intacts

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CCoP omits MPCL from privatization list

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MPCL’s profitability stays flat in 1QFY22

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MARI Petroleum appoints Mr. Nabeel Rasheed as CFO

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Mari executes contract with MOL for acquisition of working interest in Margala Block

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ECC removes cap on distribution of dividend by Mari Petroleum

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ECC removes Cap on Mari Petroleum distribution of dividend

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NRL tells PSX it is not aware of any reason that is causing its share price to increase

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National Refinery clarifies news related to joint venture with MARI

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National Refinery clarifies news related to joint venture with MARI

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MARI enters into a joint venture arrangement for potential mining projects in Balochistan

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MARI enters into a joint venture arrangement for potential mining projects in Balochistan

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Mari Petroleum records a 21% growth in earnings during 1QFY21

Mari Petroleum records a 21 growth in earnings during 1QFY21

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Mari Petroleum to discuss proposal for divestment of assets by an E&P Company in Pakistan

Mari Petroleum to discuss proposal for divestment of assets by an EP Company in Pakistan

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Mari Petroleum makes Gas Discovery at Exploratory Well Iqbal-1 in Mari D&P Lease Area, Daharki, Sindh

Mari Petroleum Makes Gas Discovery

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Mari Petroleum witnesses a 25% improvement in earnings during FY20

Mari Petroleum witnesses a 25 improvement in earnings during FY20

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Mari Petroleum appoints new CEO

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Mari Petroleum makes a gas discovery at Exploratory Well Hilal-1 in Daharki, Sindh

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ENI’s exit from Pakistan – Another blow to the Oil & Gas sector?

ENIs exit from Pakistan Another blow to the Oil Gas sector

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Higher gas flows, PKR devaluation elevate MARI’s net profits to Rs 23 billion

Higher gas flows, PKR devaluation elevate MARIs net profits to Rs 23 billion

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Chairman and Director of Mari Petroleum resigns

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Mari Petroleum announces measures to ensure safety of its employees from COVID-19

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Petroleum Division signs Petroleum Concession Agreement with POL, MARI

Petroleum Division signs Petroleum Concession Agreement with POL MARI

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Hike in wellhead price of Mari gas field drives MARI’s profitability

Hike in wellhead price of Mari gas field drives MARIs profitability

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OGDC’s shareholding in Mari Petroleum increases after allotment of 10% bonus shares

OGDC shareholding in Mari Petroleum increases after allotment of 10 bonus shares

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KSE-100 performance: Gains and Losses, a tale of two halves

KSE-100 performance Gains and Losses, a tale of two halves

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Closing Bell: Tender Surrender

Closing Bell Tender Surrender

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OGDC discovers gas and condensate at Tough well # 1

OGDC discovers gas and condensate at Tough well 1

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MARI's annual profits surge by 59% in June

MARIs annual profits surge by 59 pct in June

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PSX acknowledges top 25 companies' performance

PSX acknowledges top 25 companies performance

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Mari Petroleum's profits surge by 55.8% for 9MFY19

Mari Petroleums profits surge by 55.8 for 9MFY19

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Mari Petroleum announces another oil discovery in Dharian-1 Ghauri Block

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Sector Analysis: Oil and Gas E&P sector observes fantastic surge in profits

Oil and Gas EP sectors impressive performance drivesup profits by 50

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Mari Petroleum to acquire two new exploration blocks

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Mari Petroleum attains 62% growth in profits on the back of improved top-lines

Mari Petroleum attains 62 growth in profits on the back of improved top-lines

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Govt of Pakistan serves Transfer Notice for divestment of its 18.39% shares in MPCL

Govt of Pakistan serves Transfer Notice for divestment of its 18.39 shares in MPCL

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PPL unearths gas from Exploration Well Benari

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Mari Petroleum enjoys 42% rise in overall profits

Mari Petroleum enjoys 42 rise in overall profits

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Improved top-line earnings result in remarkable gains in Mari Petroleum's annual profits.

improved top-line earnings result in remarkable gains in Mari Petroleums annual profits.

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Mari Petroleum Acquires working interest in Different Blocks from Tullow Pakistan (Developments) Ltd.

Mari Petroleum Acquires working interest in Different Blocks from Tullow Pakistan

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MARI allocated 75 MMSCFD gas to Pak Arab Fertilizer after ECC approves proposal

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PM to deliberate on gas pricing, staggering SSGCL losses in ECC meeting today

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Mari Petroleum Ltd. profits rise 71 percent to Rs. 10.784 billion

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Name	Price/Vol	%Chg/NChg
KSE100	132,782.35 104.03M	-0.47% -620.84
ALLSHR	83,056.54 585.87M	-0.16% -131.52
KSE30	40,406.00 36.54M	-0.60% -245.46
KMI30	191,084.46 41.55M	-0.52% -999.45
KMIALLSHR	55,761.59 300.08M	-0.15% -86.10
BKTi	36,237.54 6.50M	-0.51% -185.34
OGTi	28,275.82 7.38M	-0.57% -161.79

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,165.00	109,545.00 108,625.00	-50.00 -0.05%
BRENT CRUDE	70.26	70.26 69.85	0.11 0.16%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.42	68.42 67.78	0.09 0.13%
SUGAR #11 WORLD	16.12	16.15 16.08	-0.01 -0.06%

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GCIL, MARI sign term sheet for gas processing project

MARI re-appoints Lt Gen Anwar Ali Hyder (Retd) as Chairman of Board

IHC allows MARI to recover tax by disposing withheld bonus shares

Mari Energies secures major exploration rights

MARI begins gas & condensate production from Shewa discovery

MARI discovers 2nd gas & condensate reservoir at Spinwam-1 well

Mari Minerals enters new Joint venture

GCIL, MARI, OGDC sign Gas Sales & Purchase Agreement

MARI maintains profit despite 39.18% drop in topline

Mari Minerals acquires 5% stake in Kohesultan Mining

Mari Petroleum changes name to Mari Energies from 27 Jan

PACRA assigns initial entity ratings to Mari Energies

MARI completes withheld bonus shares disposal

MARI proposes name change to "Mari Energies Limited"

MARI maintains profit despite 6% drop in topline

OGDC's profit collapse sinks Oil & Gas sector in Q4FY24

MARI's shareholders must settle withheld tax by Oct 15

High court orders lien on MARI's bonus shares to ensure tax recovery

Mari Petroleum launches data centers in Karachi of new tech subsidiary

MARI shareholders approve capitalization of funds exceeding Rs10.67bn

Mari Petroleum to invest Rs10bn in tech subsidiary

MPCL refutes claims of gas discovery in Balochistan

PSX Closing Bell: Oil Up

Mari completes fourth appraisal well in Ghazij Formation

Oil & gas sector's profit boom stalls in Q1 2024 amid lower income

Mari Petroleum Q1 2024 profit drops 14% YoY

Mari Petroleum approves Rs2.5bn investment in MMC

MARI discovers gas at Maiwand X-I ST-l exploration well

MPCL acquires stakes in Zarghun South, Nareli blocks from SEPL

Mari announces Rs98 dividend after 57% profit growth in 1HFY24

MARI discovers gas at Shewa-2 North Waziristan

MARI to hit Rs3,000/share by end of CY24

Mari Petroleum drills 3rd successful horizontal well in Mari gas field

Mari starts gas production from Ghazij-2 well

MARI’s profit jumps 50% YoY to Rs19.14bn in 1QFY24

Mari receives exploration license for mineral exploration in Baluchistan

Mari’s profit soars by 70%, pays Rs147 DPS in FY23

Oil production rises 3.3% WoW, Gas production falls 2.7%

Mari Petroleum drills second horizontal well Mari 123H

Oil production increases 2.3% WoW, Gas production inches down 0.1%

MARI, UEPL secure 44%, 46% working interest in Kalchas South Block

MPCL empowered to acquire own shares, sets firm restrictions

MARI keeps investors on toes with unprecedented delayed meeting results

Mari shows resilience, records 47% YoY higher profit in tough economy

MARI, OPI sign gas processing contract for Shewa-I Discovery in Waziristan block

MARI successfully completes commissioning, testing of SGPC Phase-II gas processing facilities

MARI performs post-acid test at exploratory well Mari Ghazij-l

FFC, EFERT, FATIMA sign an agreement with MPCL

MPCL awarded new four exploration blocks

MARI profits inches up to Rs12.71bn

MARI temporarily suspends operations at Zarghun South, Ziarat Block

MARI declares 5% rise in profits, payout of Rs124/sh

MARI performs post-acid test, reports double gas flows at Bannu West-l

MARI’s profitability to soar by over 40% in FY23

MARI awarded 5 exploration blocks by Petroleum Division

MARI’s profitability inches up by 17.57% YoY in 9MFY22

MARI to divest its entire shareholding in NRL

MARI: Profitability intacts

CCoP omits MPCL from privatization list

MPCL’s profitability stays flat in 1QFY22

MARI Petroleum appoints Mr. Nabeel Rasheed as CFO

Mari executes contract with MOL for acquisition of working interest in Margala Block

ECC removes cap on distribution of dividend by Mari Petroleum

ECC removes Cap on Mari Petroleum distribution of dividend

NRL tells PSX it is not aware of any reason that is causing its share price to increase

National Refinery clarifies news related to joint venture with MARI

National Refinery clarifies news related to joint venture with MARI

MARI enters into a joint venture arrangement for potential mining projects in Balochistan

MARI enters into a joint venture arrangement for potential mining projects in Balochistan

Mari Petroleum records a 21% growth in earnings during 1QFY21

Mari Petroleum to discuss proposal for divestment of assets by an E&P Company in Pakistan

Mari Petroleum makes Gas Discovery at Exploratory Well Iqbal-1 in Mari D&P Lease Area, Daharki, Sindh

Mari Petroleum witnesses a 25% improvement in earnings during FY20