Fatima Fertilizer approves acquisition of Fatima Petroleum to diversify portfolio

Acquisition includes 25% stake in Marwat block and interests in other oil and gas fields across Pakistan


Fatima Fertilizer Company Limited (PSX: FATIMA) has received Board approval to acquire 100% of the shares of Fatima Petroleum Company Limited, an unlisted public company, at face value. The acquisition aligns with the company’s ongoing strategy to diversify its portfolio and expand its reach beyond the fertilizer sector, according to a notification issued to the Pakistan Stock Exchange.

Fatima Petroleum has entered into farm-out agreements with Orient Petroleum Inc. (OPI) for acquiring petroleum interests, pending regulatory clearances and government approvals. These interests include a 25% working interest in the Marwat block located in Khyber Pakhtunkhwa, a 24% working interest in the Harnai South block in Balochistan, and a 10.5% working interest in the Ratana D&P Lease in Punjab. This acquisition represents a strategic move by Fatima Fertilizer to capitalize on the growing energy sector while reinforcing its market position.

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