{"id":58623,"date":"2019-12-13T11:48:49","date_gmt":"2019-12-13T06:48:49","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58623"},"modified":"2019-12-13T11:48:49","modified_gmt":"2019-12-13T06:48:49","slug":"pakistan-offers-ogdcl-ppl-shares-to-russia","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-offers-ogdcl-ppl-shares-to-russia.html","title":{"rendered":"Pakistan offers OGDCL, PPL shares to Russia"},"content":{"rendered":"<p>Islamabad: Pakistan has extended an invitation to Russia to acquire shares in the Oil and Gas Development Company Limited (OGDCL) and the Pakistan Petroleum Limited (PPL), according to a news source. According to officials, Islamabad has asked Russian companies to participate in the government\u2019s planned divestment-of-shares undertaking for these corporations \u2014 in order to become a strategic partner through the shareholding venture.<\/p>\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/petroleum-division-auction-20-blocks-oil-gas-exploration.html\" target=\"_blank\" rel=\"noopener noreferrer\">Petroleum division to auction 20 blocks for oil, gas exploration<\/a><\/p>\n<p>This offer is also applicable for the Pakistan Refinery Limited (PRL), a subsidiary body of the Pakistan State Oil (PSO). In this case, Russian companies can go for equity participation, or go for an engineering, construction, and procurement (ECP) contract in order to facilitate the revamp and upgradation of the refinery. The Russian firms can opt for both options as well.<\/p>\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pakistani-russian-companies-sign-offshore-gas-exploration-accord.html\" target=\"_blank\" rel=\"noopener noreferrer\">Pak, Russia sign offshore gas exploration contract<\/a><\/p>\n<p>A Russian firm, Zarubezhneft, has been eagerly participating in negotiation with the OGDC, PPL, and Mari Petroleum for investment projects; which (following successful talks) would result in the development of <a href=\"https:\/\/www.zameen.com\/news\/oil-gas-reserves-to-fulfill-countrys-need-for-90-yrs-discovered-in-sindh.html\" target=\"_blank\" rel=\"noopener noreferrer\">oil and gas fields<\/a> in Pakistan.<\/p>\n<p>Further, the oil &amp; gas companies in Pakistan will draft various proposals for Russian firms to review, and will proceed accordingly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan has extended an invitation to Russia to acquire shares in the Oil and Gas Development Company Limited (OGDCL) and the Pakistan Petroleum Limited (PPL), according to a news source. According to officials, Islamabad has asked Russian companies to participate in the government\u2019s planned divestment-of-shares undertaking for these corporations \u2014 in order to become a strategic partner through the shareholding venture. Read: Petroleum division to auction 20 blocks for oil, gas exploration This offer is also applicable for the Pakistan Refinery Limited (PRL), a subsidiary body of the Pakistan State Oil (PSO). In this case, Russian companies can go for equity participation, or go for an engineering, construction, and procurement (ECP) contract in order to facilitate the revamp and upgradation of the refinery. The Russian firms can opt for both options as well. Read: Pak, Russia sign offshore gas exploration contract A Russian firm, Zarubezhneft, has been eagerly participating in negotiation with the OGDC, PPL, and Mari Petroleum for investment projects; which (following successful talks) would result in the development of oil and gas fields in Pakistan. Further, the oil &amp; gas companies in Pakistan will draft various proposals for Russian firms to review, and will proceed accordingly.<\/p>\n","protected":false},"author":58,"featured_media":43072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[237,7709,6977,14406],"persona":[],"class_list":{"0":"post-58623","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-investment","8":"tag-oil-and-gas","9":"tag-russia","10":"tag-shareholding"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan offers OGDCL, PPL shares to Russia - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Pakistan has extended an invitation to Russia to acquire shares in the Oil and Gas Development Company Limited (OGDCL) and the Pakistan\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-offers-ogdcl-ppl-shares-to-russia.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan offers OGDCL, PPL shares to Russia - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Pakistan has extended an invitation to Russia to acquire shares in the Oil and Gas Development Company Limited (OGDCL) and the Pakistan\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-offers-ogdcl-ppl-shares-to-russia.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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