KARACHI: Pakistan Petroleum Ltd (PPL) company has spuded its first global exploration properly at Block 8 in Madain-1, Iraq.

In a word to the Pakistan stock trade, the employer stated the block is positioned in Mesopotamian basin and is surrounded by means of regions that have several massive oil and fuel fields.

The properly is being drilled on an integrated venture management basis through a chinese drilling contractor ZEPEC. Analysts stated the assignment might be completely owned by means of the authorities of Iraq at the same time as PPL might draw remunerations out of revenues, based totally on contractual terms signed with the Iraqi government.

ACPL’s new plant

Attock Cement Pakistan Ltd (ACPL) informed the bourse that it had began trial production from its newly built plant in Iraq from April 15.

global Steels income falls

international Steels posted 9MFY19 income after tax (PAT) of Rs2.36 billion and profits in line with percentage at Rs5.Forty two. This represented a lower of 26.93 in line with cent from PAT of Rs3.23bn and EPS Rs7.Forty three. But, net sales rose to Rs40.52bn, from Rs34.82bn.

posted in , April seventeenth, 2019