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Board meeting of Pakistan Petroleum Limited to be held on January 29, 2015

Karachi, Pakistan Petroleum Limited informed Karachi Stock Exchange about the board meeting of the company scheduled to be held on January 29, 2015 at Karachi. The agenda of the meeting shall be consideration of half yearly accounts for period ended December31, 2014. Further, the closed period of the company shall be from January 19, 2015 to January 29, 2015. 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.

The post Board meeting of Pakistan Petroleum Limited to be held on January 29, 2015 appeared first on AsiaNet-Pakistan.

Board meeting of Pakistan Petroleum Limited to be held on October 24, 2014

Karachi, Pakistan Petroleum Limited informed Karachi Stock Exchange about board meeting of the company scheduled to be held on October 24, 2014 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended September 30, 2014. Further, the closed period of the company shall be from October 13, 2014 to October 24, 2014. 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.

The post Board meeting of Pakistan Petroleum Limited to be held on October 24, 2014 appeared first on AsiaNet-Pakistan.

Pakistan Petroleum Limited’s revised date and time of board meeting

Karachi, August 15, 2013 (PPI-OT): This is further to our letter reference CS/CCG-1099 dated 13 August, 2013 advising deferment of the Board Meeting of the Company earlier scheduled on 16 August, 2013. We would like to advise that the Board Meeting will now be held on 21 August 2013 at 10:00 a.m. at PPL Head […]

The post Pakistan Petroleum Limited’s revised date and time of board meeting appeared first on AsiaNet-Pakistan.

Pakistan Petroleum Limited’s reporting of transactions in company shares under regulation 166 of the listing regulations

Karachi, July 10, 2013 (PPI-OT): We would like to advise you that Mrs. Nadia S. Hanif, w/o Mr. Saquib Hanif, an Executive of the Company, has carried out following transaction in Company Shares. Nature of Form of Share S. Date of transaction Price per Number Certificate (whether No. transaction/ (Purchase/ Share of Shares physical or […]

Pakistan Petroleum Limited’s investment in Pakistan Investment Bonds (PIBS) for partial settlement of circular debt

Karachi, July 08, 2013 (PPI-OT): This is to inform you that PPL has subscribed to Pakistan Investment Bonds (PIBs) issued by the Government of Pakistan for partial settlement of Circular Debt to the tune of Rs. 23.3 billion. These PIBs have face value of Rs. 21.285 billion maturing on 19 July, 2017 (issue date 19 […]