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The end of that year (30 December 1976) saw the merger of the Premier Oil Company Limited and State Oil Company Limited, giving way to Pakistan state Oil (PSO). [7] A year later, it was listed on the Karachi Stock Exchange. [8] After PSO's inception, the corporate culture underwent a comprehensive renewal program which was fully implemented in ...
Meanwhile, BofA analysis shows prices could drop to an average of $65 per barrel in 2025, particularly if the Organization of Petroleum Exporting Countries (OPEC) decides to bring barrels back ...
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Oil prices will fall to an average of $65 per barrel in 2025 amid an oversupply of crude and a backdrop of slowing demand as ... Read the latest financial and business news from Yahoo Finance ...
Attock Petroleum started its operations in 1998 and is third largest oil marketing company in Pakistan as of 2018. [5] [2] In 2005, Attock was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 57.75. [6] [7]
When successful, the company is permitted to use the money from produced oil to recover capital and operational expenditures, known as "cost oil". The remaining money is known as "profit oil", and is split between the government and the company. In most of the production sharing agreements, changes in international oil prices or production rate ...
The plans to spend more on their businesses come despite weakness in oil prices over the last several years. Brent crude, the international benchmark is down 34% from its peak in the summer of ...
The private companies, seeking to protect their profits from oil imports, agreed to the government's proposal as an alternative to accepting the Soviet offer. [6] The resulting complex, named Pakistani Oil Refinery, commenced operations in 1964. [6] It was inaugurated by Muhammad Ayub Khan, then President of Pakistan.