Exxon Mobil decided to re-enter in Pakistan after 27 years. According to well-informed sources, the company has been assessing the energy-related opportunities.
Earlier Pakistan Petroleum Ltd (PPL) Eni, Italian Energy Firm and OGDC had 33% stake each in offshore drilling company. Now Exxon acquired 25% shareholding, reducing other companies share to 25%.
Furthermore, Exxon Mobil is also planning to establish Pakistan’s 3rd LNG terminal with Energas.