OGDCL Commits $100 Million Investment Into New Joint Venture
By Jaime Llinares Taboada
Oil & Gas Development Co. said Friday that it will invest up
to $100 million into a new partnership with Pakistan Petroleum
Ltd., Mari Petroleum Company Ltd. and Government Holding (Private)
The Pakistani oil-and-gas company said the consortium has
submitted a bid for one of the blocks offered in the Abu Dhabi Bid
Each partner will have a 25% stake in the special purpose
vehicle. They have committed a combined investment of up to $400
million over five years.
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(END) Dow Jones Newswires
June 25, 2021 04:42 ET (08:42 GMT)
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