Page 11 - பாக்கிஸ்தான் பெட்ரோலியம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Weekly Review: KSE-100 posted gains of 740 points, ends just shy 46,000
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Market watch: KSE-100 rebounds, ends just shy of 46,000
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PGNiG acquired 25 percent. interests in a concession in Pakistan
PGNiG acquired 25 percent. stakes in the Musakhel concession block in central Pakistan. The company estimates the concession resources at 16 billion cubic meters. natural gas, the company said in a press release.
The group obtained shares under the so-called farm-in transactions, that is, covered them by agreement with concession partners and the consent of the Pakistani government. The concession partners are: Pakistan Petroleum, the concession operator (37.2% of shares), Oil & Gas Development Company (35.3%), PGNiG (25%) and Government Holdings Pvt. (2.5 percent).
The Musakhel concession block covers an area of 2,176 square kilometers. It is located in the northeastern part of the Pakistani province of Balochistan, in an area rich in natural gas.
PGNiG takes stake in Musakhel licence block in Pakistan
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