PRL receives EPCF bids for refinery upgrade

Pakistan Refinery Limited (PSX: PRL) has received Engineering, Procurement, Construction & Finance (EPCF) bids for its Refinery....

Pakistan oil refineries pledge $6bn for modernization, energy security

Pakistan’s leading oil refineries have committed to ensuring energy security and facilitating refinery upgrade projects worth over $6 billion, which are...

CCoE likely to extend deadline for refinery upgrade agreements

The Cabinet Committee on Energy (CCoE), in its meeting which is scheduled to be held today, at 1430 hours, is likely to extend the deadline...

Pakistan to launch $10bn oil refinery project amid energy challenges

To overcome the energy crisis in the country, the government with the support of the Special Investment Facilitation Council (SIFC) signed an agreement...

Cnergyico temporarily shuts down refinery due to high petroleum stocks

Cnergyico Pk Limited (PSX: CNERGY) has decided to temporarily shut down its refinery due to unavoidable ullage issues pertaining to alarmingly high petroleum...

Refinery sector defy economic slowdown with strong profit growth

Pakistan’s refinery industry recorded notable profitability growth in the first quarter of 2024 despite an overall economic slowdown...

Cnergyico reverses fortunes with Rs1.2bn profit in Q1 2024

Cnergyico PK Limited (PSX: CNERGY) turned around in the first three months of 2024, earning a profit after tax of Rs1.19 billion [EPS: Rs0.22] compared...

Attock Refinery Q1 2024 profit drops by half

Attock Refinery Limited (PSX: ATRL) unveiled its profit and loss statement for the three months ended 2024, wherein the profit after tax almost halved to...

NRL’s losses surge over five times in 1Q2024

National Refinery Limited (PSX: NRL) experienced a rise of 5.3x YoY in its losses in the first quarter of 2024, clocking in at Rs2.87 billion [LPS: Rs35.88]...

Pakistan refiners warn $6bn upgrades at risk due to fuel price deregulation plan

Pakistan's plans to deregulate fuel prices could lead refiners to halt planned upgrades worth up to $6 billion and force some refineries to close...

Pakistan refineries set to sign agreement with OGRA under Brownfield policy

Pakistan's three major oil refineries, Attock Oil Refinery, National Oil Refinery and Pakistan Oil Refinery will soon sign an agreement with the Oil and...

CCOE approves policy for upgrading oil refineries

The Cabinet Committee on Energy (CCOE) has approved the Oil Refinery Policy for upgradation of existing/brownfield refineries...

Ministry of Energy denies reports of Saudi Aramco backing out of refinery project

The Ministry of Energy has refuted media reports suggesting that Pakistan’s $10 billion refinery project with Saudi Aramco is facing uncertainty...

Refinery sector turns profitable in first quarter of FY24

The refinery sector turned around in the first quarter of FY24, recording a profit after tax of Rs16.18 billion as compared to a loss of Rs3.3bn ...

No material progress on refinery project: PSO clarifies

Pakistan State Oil Company Limited (PSX; PSO) has informed that at this point in time, no material development has taken place regarding the establishment...

NRL’s annual loss shrinks to Rs4.46bn after profitable Q4

National Refinery Limited (PSX: NRL) unveiled its financial results for FY23, wherein the loss after tax clocked in at 4.46bn [LPS: Rs55.81], compared to...

US Crude Oil inventories fall below five-year average: EIA report

The U.S. crude oil refinery inputs averaged 16.7 million barrels per day during the week ending August 11, 2023, which was 166,000 barrels per day more than...

Pakistan eyes $25bn deals with Gulf Countries

Pakistan is negotiating with Gulf nations to bring in billions of dollars of investment, as Islamabad seeks the foreign currency it badly needs to stabilize...

Azerbaijan expresses interest in construction of Oil Refinery in Pakistan

Azerbaijan is in talks with Pakistan on "possible cooperation" between the two countries over the construction of an oil refinery in Pakistan...

CCoE to discuss Oil Refining Policy 2023

The Economic Coordination Committee (ECC) of the Cabinet, in its meeting which is scheduled to be held on Monday, August 07, 2023, will discuss the Draft....

PRL to enjoy $5bn investment after new policy

Pakistan refinery expects a $5 billion investment after a new policy that aims to encourage the development of five deep conversion refineries collectively...

PRL resumes refinery operations

Pakistan Refinery Limited (PRL) has restarted its refinery operations from December 31st, 2022..

PRL: Profitability reaches Rs1.03bn in 1QFY23

PRL: Profitability reaches Rs1.03bn in 1QFY23

Deep Conversion Refinery Project: High time to pave way for saving billions of dollars

Deep Conversion Refinery Project: High time to pave way for saving billions of dollars

Profitability of refineries to remain elevated

Profitability of refineries to remain elevated

ATRL projected to recover from losses incurred previously

ATRL projected to recover from losses incurred previously

ATRL turns to profit

ATRL turns to profit

Attock Refinery swings to profit

Attock Refinery swings to profit

Euro-V upgradation without incentives not possible, says NRL

Euro-V upgradation without incentives not possible, says NRL

ATRL to produce Euro-V compliant Mogas, plans three new projects

ATRL to produce Euro-V compliant Mogas, plans three new projects

BYCO selects Axens Technology for Euro V Gasoline, Diesel Refinery upgrades

BYCO selects Axens Technology for Euro V Gasoline, Diesel Refinery upgrades

PSO aims to reach 50% market share in OMC space

PSO aims to reach 50 market share in OMC space

Govt wants domestic oil refineries to upgrade themselves: FM

Govt wants domestic oil refineries to upgrade themselves FM

Long-awaited Refinery Policy steps in to foster refineries

Long awaited Refinery Policy steps in to foster refineries

Govt to update Oil Refining Policy: Tabish Gauhar

Govt to update Oil Refining Policy Tabish Gauhar

PRL all set to install $1.2bn up-gradation projects

PRL all set to install 1.2bn upgradation projects

IGCF sells 523mn shares of Byco Petroleum

IGCF sells 523mn shares of Byco Petroleum

Oil refining policy being drafted for existing facilities’ upgradation

Oil refining policy being drafted for existing facilities up-gradation

Five refineries with 417,400 BPD oil installed capacity operating in Pakistan

Five refineries with 417,400 BPD oil installed capacity operating in Pakistan

National Refinery to temporarily close production

National Refinery to temporarily close production

Govt working on policy to increase petroleum commodities production

Govt working on policy to increase petroleum commodities production

CCoE decides to immediately notify ban on import of furnace oil

CCoE decides to immediately notify ban on import of furnace oil

OGRA proposes 10 new oil storage facilities; 10 new OMCs

OGRA proposes 10 new oil storage facilities; 10 new OMCs

ECC approves landmark incentive package for new oil refineries

ECC approves landmark incentive package for new oil refineries

Hascol Petroleum profits rise by 95.97 percent to Rs. 729.650 million

Hascol Petroleum profits rise by 95.97 percent to Rs. 729.650 million

Pakistan Refinery Limited profits fall by 34.82 percent to Rs. 694.504 million

Pakistan Refinery Limited profits fall by 34.82 percent to Rs. 694.504 million

National Refinery Ltd. profits fall 76.49 percent to Rs. 1.568 billion

National Refinery Ltd. profits fall 76.49 percent to Rs. 1.568 billion

Total Parco buys storage depots worth Rs. 400 million from Hascol

In an announcement addressed to PSX, Hascol announced that it has entered in an agreement with Total Parco to buy assets worth Rs. 400 million from the company

Pakistan Refinery Ltd. profits fall 78.95% to Rs. 145.265 million

Pakistan Refinery Ltd. profits fall 78.95% to Rs. 145.265 million

Attock Refinery Ltd. profits fall 89.05% to Rs. 165 million

Attock Refinery Six months results

National Refinery Ltd. profits fall 59.09% to Rs. 1.623 billion

National Refinery Ltd. profits fall 59.09% to Rs. 1.623 billion

KPOGCL & OGDC close to achieve KPK Government’s 2025 Oil & Gas Sectors Vision

KPOGCL & OGDC close to achieve KPK Government’s 2025 Oil & Gas Sectors Vision

Steps taken to establish Oil Refineries & Oil Transmission pipeline: PM

Steps taken to establish Oil Refineries & Oil Transmission pipeline: PM

Pakistan Refinery Ltd. profit for 1QFY18 rises 185% to Rs. 348 million

Pakistan Refinery Ltd. profit for 1QFY18 rises 185% to Rs. 348 million

Attock Refinery Ltd. reports EPS of 8.89/share

Attock Refinery Ltd. reports EPS of 8.89/share

National Refinery Ltd. profit falls 11% to Rs. 1.7 billion

National Refinery Ltd. profit falls 11% to Rs. 1.7 billion

Earnings Report: Pakistan Refinery Ltd. (PSX: PRL) today reported Financial Results for the Twelve months ended June 30, 2017

Earnings Report: Pakistan Refinery Ltd. (PSX: PRL) today reported Financial Results for the Twelve months ended June 30, 2017

Earnings Report: Attock Refinery Ltd. (PSX: ATRL) today reported Financial Results for the Twelve months ended June 30, 2017

Earnings Report: Attock Refinery Ltd. (PSX: ATRL) today reported Financial Results for the Twelve months ended June 30, 2017

Earnings Report: National Refinery Ltd. (PSX: NRL) today reported Financial Results for the Twelve months ended June 30, 2017

Earnings Report: National Refinery Ltd. (PSX: NRL) today reported Financial Results for the Twelve months ended June 30, 2017

Banks shouldn’t ignore small businesses, farmers: President PEW

Banks shouldn’t ignore small businesses, farmers: President PEW

National Refinery Limited: Begins Operations from Diesel Hydro Desulphurization and Isomerization Units