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In response, the Government of Pakistan approached private sector companies operating in the country, including Shell Pakistan and Esso, proposing a joint venture to build a refinery in Karachi. [6] The private companies, seeking to protect their profits from oil imports, agreed to the government's proposal as an alternative to accepting the ...
In July 2011, Shamsi announced that the Chinese investors had pulled out of investing in the plant. [8] In July 2013 Shamsi announced renewed interest in the project from German investors. [9] By October 2013 the company was described as "dormant for years".
Detailed engineering design or tender of documents under process. [28] [31] Cost estimate $128 million . [35] Basho Hydropower Station: Skardu, GB, Indus River: 28: Detailed engineering design or tender of documents under process. [28] [29] Cost estimate $40 million. [35] Tank Zam Dam: Hinis Tangi, KPK, Tank Zam River: 25.5: Feasibility studies ...
In 2004, OGDCL was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 32 per share. [11] On 4 May 2009, the government of Pakistan appointed a Citigroup-led consortium to advise the state-run Privatisation Commission on the sale of 10 to 15 percent (or 430 to 645 million shares) of the company ...
Kandla-Gorakhpur LPG pipeline (KGPL) is an under-construction gas pipeline project in India. It has a total length of 2,805 kilometres (1,743 mi) [3] stretching from Kandla port in Gujarat to the city of Gorakhpur in Uttar Pradesh via Madhya Pradesh.
In August 2001, a new company called Pak-Arab Pipeline Company (PAPCO) was formed to construct and operate a critical 840 km white-oil pipeline for transportation of AGO from Karachi to depots in the centre and north of Pakistan. SPL has a 26% equity interest in PAPCO and the PAPCO's Chief Financial Officer remains a SPL nominee. [11]
Hascol Petroleum was founded in 2001 and offered initial public offering in 2007. [3] In 2005, it received oil marketing license from the government. [4]In 2014, Hascol was listed on the Karachi Stock Exchange. [4]
In 2003, PICT was listed on the Karachi Stock Exchange, following an initial public offering. [4] [5] In April 2004, the first phase of the project became operational at a cost of $30 million. [3] [6] In April 2012, International Container Terminal Services acquire 35 percent of the PICT. [7] As of 2012, it has a maximum handling capacity of ...