Karachi: Mari Petroleum Company Limited (MPCL), the second largest exploration and production company in Pakistan, is set to host its annual Corporate Briefing Session (CBS) on October 22, 2024. The session will provide an in-depth review of the company’s performance for the fiscal year ended June 30, 2024, and outline future strategies and operational plans.

According to information available from the Pakistan Stock Exchange (PSX), the briefing, scheduled to take place at MPCL’s head office in Islamabad. It will be accessible both in-person and virtually, reflecting MPCL's commitment to maintaining robust engagement with its investors, analysts, and other stakeholders.

The agenda for the CBS covers a range of pivotal topics, including key highlights from the past fiscal year, operational updates, and strategic developments aimed at bolstering MPCL’s market position. Notably, MPCL has maintained its status as the highest gas producer in the country, which significantly contributes to Pakistan’s energy needs and food security through its support of more than 90% of the country's urea production.

Participants will also be briefed on MPCL’s diverse operational expertise, including recent expansions in their exploration blocks and advancements in environmental, social, and governance (ESG) practices. The company’s ongoing efforts in operational efficiency and safety will be highlighted, especially in light of new hydrocarbon discoveries and the successful execution of its seismic data acquisition projects.

MPCL’s commitment to corporate social responsibility and its contributions to national development through high-impact community projects will be another focus area during the briefing. The session is expected to further reinforce MPCL’s dedication to transparency and shareholder value enhancement amidst the dynamic challenges of the energy sector.