{"id":60591,"date":"2020-01-28T09:13:23","date_gmt":"2020-01-28T09:13:23","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=60591"},"modified":"2020-01-28T09:13:24","modified_gmt":"2020-01-28T09:13:24","slug":"malaysia-invited-take-part-oil-gas-blocks-auction","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/malaysia-invited-take-part-oil-gas-blocks-auction.html","title":{"rendered":"Malaysia invited to take part in oil, gas blocks auction"},"content":{"rendered":"\n<p>Islamabad: The federal government recently invited Malaysia, and its strategic partners, to participate in the auction of oil and gas blocks; along with communicating its interest in developing an LNG infrastructure in the country, a news source reported. <\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/malaysian-firm-to-invest-usd-100-mn-in-mining-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Malaysian firm to invest USD 100 mn in mining sector (opens in a new tab)\">Malaysian firm to invest USD 100 mn in mining sector<\/a><\/p>\n\n\n\n<p>Federal Minister Omar Ayub Khan forwarded the invitation regarding\nthe oil and gas blocks to Malaysian investors \u2014 with 18 blocks available for\nauction during the first phase. The minister shared this information with the\nHigh Commissioner of Malaysia Ikram Muhammad Ibrahim, during a meeting with the\nSpecial Assistant to Prime Minister (PM) on Petroleum Nadeem Babar. <\/p>\n\n\n\n<p>During the meeting, Babar talked about the possibility of Petroliam Nasional Berhad (PETRONAS),\u00a0 a Malaysian oil and gas company, acquiring the <a href=\"https:\/\/www.zameen.com\/news\/pakistan-offers-ogdcl-ppl-shares-to-russia.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"divested shares (opens in a new tab)\">divested shares<\/a> from Pakistan Petroleum (PPL), Mari Petroleum, and Oil &amp; Gas Development Company (OGDCL). Encouraging PETRONAS to take an interest in developing LNG infrastructure in Pakistan, he said that Malaysian investors could benefit from areas like refinery upgrade, LPG, etc.<\/p>\n\n\n\n<p>Meanwhile, while the Malaysian high commissioner briefed the Pakistani officials about the preparations underway for the PM\u2019s upcoming visit to Malaysia, the officials from the Pakistan government informed him about the structural reforms within the country\u2019s energy sector that focus on ease of doing business. <\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/malaysian-envoy-urges-investors-to-explore-pakistani-market.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Malaysian envoy urges investors to explore Pakistani market (opens in a new tab)\">Malaysian envoy urges investors to explore Pakistani market<\/a><\/p>\n\n\n\n<p>The Malaysian envoy appreciated the ongoing initiatives\ntaken by the federal government and sated that his country considered Pakistan\nto have great potential; particularly within the energy sector. In addition, he\nalso expressed his optimism that PETRONAS would establish a strong presence in\nPakistan; in the form of a cross-sector partnership in its energy sector. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government recently invited Malaysia, and its strategic partners, to participate in the auction of oil and gas blocks; along with communicating its interest in developing an LNG infrastructure in the country, a news source reported. Read: Malaysian firm to invest USD 100 mn in mining sector Federal Minister Omar Ayub Khan forwarded the invitation regarding the oil and gas blocks to Malaysian investors \u2014 with 18 blocks available for auction during the first phase. The minister shared this information with the High Commissioner of Malaysia Ikram Muhammad Ibrahim, during a meeting with the Special Assistant to Prime Minister (PM) on Petroleum Nadeem Babar. During the meeting, Babar talked about the possibility of Petroliam Nasional Berhad (PETRONAS),\u00a0 a Malaysian oil and gas company, acquiring the divested shares from Pakistan Petroleum (PPL), Mari Petroleum, and Oil &amp; Gas Development Company (OGDCL). Encouraging PETRONAS to take an interest in developing LNG infrastructure in Pakistan, he said that Malaysian investors could benefit from areas like refinery upgrade, LPG, etc. Meanwhile, while the Malaysian high commissioner briefed the Pakistani officials about the preparations underway for the PM\u2019s upcoming visit to Malaysia, the officials from the Pakistan government informed him about the structural&hellip;<\/p>\n","protected":false},"author":68,"featured_media":60548,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[16571],"persona":[],"class_list":{"0":"post-60591","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-details-on-malaysia-invited-to-take-part-in-oil-gas-blocks-auction","9":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Malaysia invited to take part in oil, gas blocks auction - Zameen News<\/title>\n<meta name=\"description\" content=\"The federal government recently invited Malaysia, and its strategic partners, to participate in the auction of oil and gas blocks.\" \/>\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\/malaysia-invited-take-part-oil-gas-blocks-auction.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malaysia invited to take part in oil, gas blocks auction - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The federal government recently invited Malaysia, and its strategic partners, to participate in the auction of oil and gas blocks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/malaysia-invited-take-part-oil-gas-blocks-auction.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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