Four exploration blocks awarded.

KARACHI -- The government provisionally awarded four new exploration blocks to the joint ventures of Pakistan Petroleum Ltd (PPL), Oil and Gas DeveloApment Company Ltd (OGDC) and Mari Petroleum Company Ltd (MPCL), the companies announced on the Pakistan Stock ExchaAnge on Tuesday.

The operator of Shaigalu block will be PPL with a 40 per cent stake while MPCL and OGDC will control 30pc shareholding each.

The operator of South Pishin block will be MPCL with a share of 37pc. Its joint venture partners will be...

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