Pak Govt Invites Malaysia to Acquire Divested Shares – Research Snipers

Pak Govt Invites Malaysia to Acquire Divested Shares

The government of Pakistan has invited Malaysia to acquire divested shares of local companies. Pakistan wants Malaysia and its strategic partners to look at the LNG infrastructure development opportunities.

Also, the government has invited their participation in oil and gas block auction. Malaysian investors were invited by the Federal Minister Omar Ayub Khan to fully participate in the oil and gas blocks auction. In the first phase, it will be offered to foreign investors with 18 initial blocks.

During a meeting with the High Commissioner of Malaysia Ikram Muhammad Ibrahim, he said this while calling on the minister and Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar.

The possibility of Petronas was shared by Babar of acquiring divested shares from the Oil and Gas Development Company (OGDCL), Pakistan Petroleum (PPL) and Mari Petroleum. It will be divested to shared partners. Also, he encouraged Petronas to also look favorably at LNG infrastructure development opportunities in Pakistan.

The possibility of Petronas was shared by Babar acquiring divested shares from the Oil and Gas Development Company (OGDCL), Pakistan Petroleum (PPL) and Mari Petroleum. It will be divested to shared partners. He encouraged Petronas to look constructively at LNG infrastructure development opportunities in Pakistan. He said that Malaysian investors can benefit in different areas including LPG, refinery upgrade, etc.

Also read: PM Khan to Visit Malaysia on February 3

The minister and SAPM were told about the preparations by the high commissioner for the upcoming visit of Prime Minister Imran Khan to Malaysia. Also, the government officials appraised the envoy regarding the structural reforms carried out in the energy sector of Pakistan with a special focus on making sure ease of doing business.

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