Oil Reserves
Govt Seeks $5 Billion Long-Term Deposit and Expanded Oil Facility from Saudi Arabia
Pakistan has approached Saudi Arabia with a set of proposals aimed at strengthening long-term economic cooperation, including converting $5 billion in Saudi deposits into a…
Government Requests Extension of $1.2 Billion Saudi Oil Facility Until 2027
Pakistan has asked Saudi Arabia to extend a $1.2 billion oil financing facility for another two years as the current arrangement nears its expiry next…
OGDCL Confirms High-Yield Oil & Gas Discovery at Baragzai Field in KP
Pakistan continues to struggle with rising energy demand and dependence on imported fuels. The Nashpa Block has been a key exploration zone for years, with…
Pakistan Petroleum to Drill First Offshore Oil Well in March 2026
Pakistan is set to achieve a major milestone in its energy sector. State-owned Pakistan Petroleum Limited (PPL) plans to drill the country’s first offshore oil…
