Tue, 2023-10-31 17:59
ISLAMABAD: A Saudi company has expressed interest in acquiring majority ownership of 77.42 percent in Shell Pakistan Limited (SPL), a leading oil and gas entity in the country, announced a stock filing at the Pakistan Stock Exchange (PSX) on Tuesday.
The SPL revealed plans for its parent organization, Shell Petroleum Company (SPC), to exit the Pakistani market in June of this year. This move was said to be part of SPC’s global strategy to rationalize its portfolio.
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Read the full story at the Arab News Pakistan website.
