Foreign firms vie for two key Pakistani oil and gas firms
The privatisation Commission Board has pre-qualified four parties interested in Pakistan Petroleum Limited (PPL), and
seven parties keen on a 51 % equity stake in Pakistan State Oil (PSO).
"PPL is one of the largest exploration and production companies operating in various production and exploration
concessions in the country," analysts Hasnain Imam and Noman ul Haq at Arif Habib Securities noted in report.
The Privatisation Commission had received 14 expressions of interest (EoI) for PPL.
The parties that submitted requests for statement of qualification (SOQs) included: BG Group, UK; BP Pakistan
Exploration and Production, US; China National Oil and Gas Exploration (CNODC) and ZhenHua Oil Company, China;
Centurion Energy International, Canada; Dewan Salman Fibre Limited and Associates, Pakistan; International Sovereign
Energy, Canada; Kuwait Foreign Petroleum Exploration Company (KSC), Kuwait; MOL Hungarian Oil and Gas, Hungry; OMV
Exploration and Production, Austria; Orient Petroleum,Pakistan; and Tysons Oil and Energy, UK.
