Srinagar, June 23, 2016 (PPI-OT):In occupied Kashmir, Kurhama Wolves cricket team from Budgam district has boycotted the Indian army’s Sadbhavna T-20 cricket tournament being held at Kulbug in Badgam. The […]

Srinagar, June 23, 2016 (PPI-OT):In occupied Kashmir, amid raging controversy over separate townships for migrants in Kashmir, the Pandits of Bandipora district, who have not migrated, have said that the […]

Srinagar, June 23, 2016 (PPI-OT):The Azad Jammu and Kashmir chapter of Hurriyet leaders has paid glowing tributes to renowned Kashmiri politician and religious and social leader, Mirwaiz Maulana Yousuf Shah […]

Srinagar, June 23, 2016 (PPI-OT):In occupied Kashmir, the Chairman of All Parties Hurriyet Conference, Syed Ali Gilani, Mirwaiz Umar Farooq and Muhammad Yasin Malik have jointly called for observing Kashmir […]

Srinagar, June 23, 2016 (PPI-OT):In occupied Kashmir, the pro-freedom leaders and organizations have termed the statement of Indian Foreign Minister, Sushma Swaraj regarding the disputed status of Kashmir as far […]

Karachi, Pak Oilfields Limited informed Pakistan Stock Exchange that board meeting of the company was held on June 23, 2016.The agenda of the meeting was approval of budget 2016-17. Pakistan Oilfields Limited was incorporated in Pakistan on November 25, 1950. It is a subsidiary of the Attock Oil Company Limited. In 2005 the company acquired 25% shares within National Refinery Limited. This enabled the company in acquiring a refining complex which manufactures fuel products and lube base oils. The company is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Rawalpindi. The operations of the company include exploration and production of oil and gas. It also manufactures LPG, solvent oil and sulphur. The existing brand of the company is named POLGAS and subsidiary brand CAPGAS private limited. The symbol “POL” is being used by the stock exchange for the shares of Pakistan Oilfields Limited.

Karachi, Pakistan Petroleum Limited informed Pakistan Stock Exchange about testing of hydrocarbon at exploratory well Tolanj West-1 in the TAL Black, operated by MOL Pakistan Oil and Gas Company B.V (MDL), whereas PPL, OGDCL, POL and GHPL are the joint venture partners. Pakistan Petroleum Limited was incorporated in Pakistan in 1950. The objectives of company include conducting exploration, prospecting, development and production of oil and natural gas resources. The subsidiaries of the company are PPL Europe E&P Limited formerly MND Exploration and Production Limited, PPL Asia DMCC and the Pakistan Petroleum Provident Fund Trust Company Private Limited. The jointly controlled entity is Bolan Mining Enterprises with 50% shareholding. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The operations of the company include production of natural gas, crude oil, liquid natural gas and liquefied petroleum gas. The company was incorporated in Pakistan as a public limited company in June 1950. The major shareholdings belonged to Burmah Oil Company of the UK. In September 1997, BOC disinvested from the exploration and production sector worldwide and sold its equity in PPL to the Government of Pakistan. The shareholding of the company is currently divided between the government which owns 71% of the shares, private owners with 22% shares and PPL employee Empowerment Trust which amounts to 7% shares. PPL operates six producing fields across the country at Sui, Adhi, Kandhkot, Chachar, Mazarani and Hala and holds working interest in fifteen partner-operated producing fields, including Qadirpur. PPL has a portfolio of 47 exploration assets from which the company operates 27, including one contract in Iraq, while 20 blocks, comprising three offshore leases in Pakistan and two onshore concessions in Yemen, are operated by joint venture partners. The PPL fields/ departments are ISO 9001, 14001 and OHSAS 18001 certified. The symbol “PPL” is being used by the stock exchange for the shares of Pakistan Petroleum Limited.