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Suitors court Pakistan Petroleum


Pakistan Petroleum has attracted the interest of 11 local and foreign investors in buying a 51% stake in the company.

The Privatisation Commission listed the companies that had responded to the offer of the stake as well as management control of PPL, operator of Pakistan's largest fields.

PPL operates Pakistan's largest gas field at Sui in the troubled south-west province of Baluchistan, where militants fighting for more autonomy and economic rights attacked its facilities and disrupted gas supplies earlier this year.

Foreign companies in the running include BG Group, BP, China National Oil and Gas Exploration, ZhenHua Oil, Centurion Energy, International Sovereign Energy, Kuwait Foreign Petroleum Exploration Company, Mol, OMV, Tysons Oil and Energy and Dewan Salman Fibre.


Wednesday, 18 May, 2005, 14:12 GMT  | last updated: Wednesday, 18 May, 2005, 14:29 GMT

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