Wednesday 14 September 2011

PPL confirms seeking entry in E&P activities in Iran

KARACHI: Pakistan Petroleum Limited (PPL) confirmed here on Wednesday that it is interested to make an entry into an Exploration and Production business activities in Iran, according to the notice sent to the Karachi Stock Exchange (KSE).


The company further elaborated that it has evaluated a number of opportunities for investment in oil and gas sector of Iran and is looking for the government's assistance in acquiring working interest in prospective blocks of Iran on government to government basis on mutually agreed terms.


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