{"id":89778,"date":"2022-11-02T17:38:06","date_gmt":"2022-11-02T12:38:06","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=89778"},"modified":"2022-11-02T17:38:10","modified_gmt":"2022-11-02T12:38:10","slug":"state-enterprises-participate-reko-diq-project","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/state-enterprises-participate-reko-diq-project.html","title":{"rendered":"State-owned enterprises to participate in Reko Diq project"},"content":{"rendered":"\n<p>Islamabad: Three State-Owned Enterprises (SOE) have finalized definitive agreements concerning participation and acquisition of 8.33% interest in the reconstituted Reko Diq project, news sources reported. \u00a0 <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/phase-reko-diq-project-by-2028.html\" data-type=\"post\" data-id=\"87395\" target=\"_blank\" rel=\"noreferrer noopener\">First phase of Reko Diq copper-gold project to complete by 2028<\/a><\/p>\n\n\n\n<p>According to the filing with the Pakistan Stock Exchange (PSX), three SOEs; Oil and Gas Development Company Limited (OGDC), <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/ogdcl-oil-reserves-attock-punjab.html\" data-type=\"post\" data-id=\"89705\" target=\"_blank\">Pakistan Petroleum Limited (PPL),<\/a> and Government Holdings Private Limited, have teamed up to acquire the 8.33% stake in the project and any subsequent capital investments that may be required and\/or feasible. In this context, the OGDCL has approved the issuance of notices convening an extraordinary general meeting to seek permission from the company&#8217;s shareholders. The agreement is the second significant milestone following the agreement inked in May last year between the government of Pakistan, Balochistan, and <a href=\"https:\/\/www.zameen.com\/news\/barrick-gold-invest-gwadar-mineral.html\" data-type=\"post\" data-id=\"88523\" target=\"_blank\" rel=\"noreferrer noopener\">Barrick Gold<\/a>. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ksa-mineral-refinery-reko-diq-project.html\" data-type=\"post\" data-id=\"84934\" target=\"_blank\" rel=\"noreferrer noopener\">Saudi Arabia to set up mineral refinery for Reko Diq project in Gwadar<\/a><\/p>\n\n\n\n<p>According to the new deal between the multinational corporation and the federal and Balochistan governments, Barrick Gold will explore the mining site and take 50% of the processed, with the remaining 50% held by Pakistan, divided evenly between the federal and Balochistan governments.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Three State-Owned Enterprises (SOE) have finalized definitive agreements concerning participation and acquisition of 8.33% interest in the reconstituted Reko Diq project, news sources reported. \u00a0 Read: First phase of Reko Diq copper-gold project to complete by 2028 According to the filing with the Pakistan Stock Exchange (PSX), three SOEs; Oil and Gas Development Company Limited (OGDC), Pakistan Petroleum Limited (PPL), and Government Holdings Private Limited, have teamed up to acquire the 8.33% stake in the project and any subsequent capital investments that may be required and\/or feasible. In this context, the OGDCL has approved the issuance of notices convening an extraordinary general meeting to seek permission from the company&#8217;s shareholders. The agreement is the second significant milestone following the agreement inked in May last year between the government of Pakistan, Balochistan, and Barrick Gold. Read: Saudi Arabia to set up mineral refinery for Reko Diq project in Gwadar According to the new deal between the multinational corporation and the federal and Balochistan governments, Barrick Gold will explore the mining site and take 50% of the processed, with the remaining 50% held by Pakistan, divided evenly between the federal and Balochistan governments.\u00a0\u00a0<\/p>\n","protected":false},"author":84,"featured_media":67076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[54779,54776,50704],"persona":[],"class_list":{"0":"post-89778","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-balochistan-reko-diq-barek-gold","9":"tag-eko-diq-project","10":"tag-reko-diq-project-balochistan","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>State-owned enterprises to participate in Reko Diq project - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Three State-Owned Enterprises (SOE) have finalized definitive agreements concerning participation and acquisition of 8.33% interest in the\" \/>\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\/state-enterprises-participate-reko-diq-project.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State-owned enterprises to participate in Reko Diq project - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Three State-Owned Enterprises (SOE) have finalized definitive agreements concerning participation and acquisition of 8.33% interest in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/state-enterprises-participate-reko-diq-project.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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