Govt likely to offer OGDC stake to Malaysia.

Pakistan is likely to offer Malaysia a possible seven percent stake in Oil and Gas Development Company Ltd (OGDCL), as the two countries will focus on boosting trade links during Prime Minister Imran Khan's scheduled visit to the south east Asian country next week, official sources said on Monday.

The government has also invited Malaysian energy firms to bid for oil and gas exploration blocks in Pakistan to inject fresh investment as well as technology in this sector, petroleum ministry said in a separate statement.

An official on the condition of anonymity told The News that since Malaysian government had strongly supported Pakistan on diplomatic front on various issues, and Pakistan also wanted business, so it should do it.

"The same offer has been made for G2G arrangement," the petroleum ministry official said. The petroleum division statement said Malaysian energy giant Petronas was likely to enter Pakistan to exploit this sector's immense untapped potential.

"There is a possibility of Petronas acquiring divested shares from OGDC, PPL (Pakistan Petroleum Ltd), and Mari Petroleum that will be divested to shared partners," said Nadeem Babar, Special Assistant to PM on Petroleum...

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