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Italian energy company Eni headquarters is seen in Rome, Italy September 30, 2018. Reuters LAHORE: The Italian energy company, Eni, has sold its assets in Pakistan to Prime International Oil & Gas Company, a newly established joint venture (JV) between its local employees and Hub Power Company, in line with its 2021-24 business plan to dispose of its non-key assets to raise cash after the global downturn triggered by the Covid-19 pandemic and to move towards cleaner fuels. A statement posted by the oil and gas exploration firm on its website said the sale of its Pakistani assets aligned to its wider strategy of reshaping and simplifying the company’s portfolio, extracting additional value from its strategic assets and disposing non-core business as per its four-year strategic plan.

Hub power companyGas development companyCompetition commission of pakistanPakistan stock exchangePakistan petroleum ltdPakistan to prime international oil gas companyExchange commission of pakistanPakistan oilPrime international oilGas companyKithar fold beltMiddle indus basinsMiddle indusIndus offshorePrime internationalHub power