Pakistan all set to offer OGDC stakes to Malaysia

ISLAMABAD: Pakistan is all set to offer Malaysia a possible seven percent stake in Oil and Gas Development Company Ltd (OGDCL), as the two countries will focus on boosting trade links during Prime Minister Imran Khan’s scheduled visit to the south-east Asian country next week.

The government has also invited Malaysian energy firms to bid for oil and gas exploration blocks in Pakistan to inject fresh investment as well as technology in this sector, petroleum ministry said in a separate statement.

on the other hand, High Commissioner of Malaysia to Pakistan Ikram Muhammad Ibrahim called on Minister for Energy Omar Ayub Khan in Islamabad the other day.

The minister shared the structural reforms being carried out in the energy sector of the country with a special focus on the ease of doing business in the energy sector of Pakistan.  

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He invited Malaysian investors to fully participate in the auction of oil and gas blocks that will be offered to foreign investors with 18 initial blocks in the first phase.

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