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Pakistan News

 

MOL Makes 13th Discovery in Pakistan

Jul 14, 2020

Hungarian oil company MOL has made a gas and condensate discovery at its TAL Block in Pakistan, marking its 13th successful discovery in the country and the tenth at the same block.The company said Tuesday that the Mamikhel South-1 exploratory well had reached a total depth of 4,939 m on May 23, 2020.'Upon testing the well flowed gas and condensate from Lockhart & Hangu formation at a flow rate of 6516 boepd (16…

Pakistan Raises Petrol, Diesel Prices by Record Amount

Sep 15, 2023

Pakistan on Friday announced a record rise in petrol and diesel prices, the second big increase in two weeks for the South Asian nation that is already struggling with high inflation.The government has raised petrol prices by 26.02 rupees to 331…

Pakistan's Import of Russian Crude Facing Obstacles

Jul 31, 2023

Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say.The…

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