Tag: PRL
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Profit plunge: Pakistan Refinery Limited records Rs1.24 billion loss
Pakistan Refinery Limited (PRL), a subsidiary of Pakistan State Oil Company Limited (PSO), faced a significant loss of Rs1.24 billion in the third quarter ending March 31, 2024, primarily due to reduced revenue and escalating costs.
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PRL and Airlink in talks to buy stake in Shell Pakistan
Shell Petroleum Company has decided to exit Pakistan by selling its 77 per cent stake in the local business. This move follows Shell’s recent updates on its global operations and concerns about the economic difficulties in Pakistan.
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First-ever discounted Russian crude oil cargo arrives in Karachi
Under a newly established agreement between Islamabad and Moscow, the inaugural shipment of discounted Russian crude oil arrived in Karachi on Sunday, marking the beginning of enhanced trade relations between the two nations.