Oil Reserves
Pakistan Offers Saudi Firms Tax-Free Oil Storage, Plans Refining Hub
Pakistan has approved a tax-neutral bonded policy that allows Saudi companies to establish commercial oil reserves in the country without local tax liabilities, according to…
PPL Discovers New Oil and Gas Reserves in Sindh
Pakistan Petroleum Limited (PPL) has announced a new oil and gas discovery at the Rahi X-1 exploratory well in the Shah Bandar Exploration License, located…
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…
