Pakistan Petroleum
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Pakistan Petroleum Limited is a Pakistan based company, it was incorporated June 5, 1950, when it inherited the assets and liabilities of the Burmah Oil Company Ltd. which initially holds 70% of the share with the rest mostly held by the Government of Pakistan (GoP). Currently, GoP hold 78.35% of the shares, International Finance Corporation (6.09%) and institutional and individual investors (15.56%).
The company operates major oil and gas fields including Sui gas field and has non-operating interests in other fields and has an interest in an exploration portfolio onshore and offshore. The company is now planning international exploration in partnership mode.
The company is headquartered in Karachi and is in the midst of a privatization process expected to complete in 2007.
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