Islamabad: MOL Pakistan, a leading player in Pakistan’s energy sector, marked its 25th anniversary of operations in the country with a grand celebration. The event recognized the company’s contributions to Pakistan’s Exploration & Production (E&P) sector, its role in ensuring energy security, and its positive impact on local communities over the past two-and-a-half decades.
As a fully owned subsidiary of MOL Group, MOL Pakistan is an integral part of the group’s international operations, contributing 7% of the total hydrocarbon production. The anniversary celebrations were attended by senior government officials and prominent figures from the oil and gas industry.
The Chief Guest, Federal Minister for Commerce Jam Kamal Khan, praised MOL Pakistan for its innovative approach, advanced technologies, and commitment to international best practices, which have significantly transformed Pakistan’s oil and gas sector. He also emphasized the key role the energy sector plays in Pakistan’s journey toward stability and development, noting that the partnership between MOL Group and Pakistan has been one of mutual trust and shared aspirations.
Mr. Zsombor Marton, Executive Vice President of MOL Group’s Exploration and Production division, reflected on the company’s 25-year journey, highlighting the resilience and strength of MOL Pakistan in overcoming challenges, particularly in mature areas like the TAL Block. He also noted recent successes, such as new discoveries at the Razgir-1 well, which further demonstrate MOL Pakistan’s commitment to supporting Pakistan’s energy supply with state-of-the-art technology. He added, “The 25-year milestone reflects the dedication of our almost 500 colleagues and the trust of our joint venture partners in the company’s vision.”
Faisal Karim Kundi, Governor of Khyber Pakhtunkhwa, assured that the province remained open to further investments in the oil and gas sector. He reiterated the government’s commitment to supporting companies like MOL Pakistan and addressing any challenges they may face.
Former Federal Minister for Petroleum, Syed Naveed Qamar, was the guest of honor at the event. He acknowledged MOL Pakistan’s critical role in mitigating natural gas shortages in the early 2010s, commending the company for ramping up exploration and production activities, particularly in the TAL Block, which played a vital role in meeting the country’s energy needs during critical times.
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Since its entry into Pakistan in 1999, MOL Pakistan has been at the forefront of exploration and production, with interests in four key blocks. The company operates the TAL and Margalla blocks and holds non-operated assets in the Karak and DG Khan blocks. The TAL Block, which spans the Pakistan-Afghanistan border, remains MOL’s primary operated asset, having contributed significantly to the country’s oil and gas output. To date, MOL Pakistan has produced over 400 million barrels of oil equivalent, ranking as the second-largest oil and LPG producer and the fifth-largest natural gas producer in Pakistan.
The evening culminated with a performance by renowned Sufi singer Abida Parveen, adding a cultural touch to the celebrations.
MOL Pakistan’s 25 years of success reflect its dedication to energy security, innovation, and the socio-economic development of the communities it serves.
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