Pakistan Petroleum Plans to Search for Oil in Yemen This Year
Source: Bloomberg 2/20/2007, Location: Middle EastPakistan Petroleum Ltd., the nation's largest gas producer, plans to start searching for oil in Yemen this year in partnership with OMV AV as part of a plan to boost production.
The state-controlled company plans to ship its share of any find from the Middle Eastern nation to Pakistan, Chief Executive Officer Syed Munsif Raza said yesterday in an interview at the venue of an oil and gas conference in Islamabad. The explorer this year won a license in Yemen, its first overseas venture, he said.
Karachi-based Pakistan Petroleum, which has a 50 percent share in the venture has partnered with central Europe's biggest explorer ``because OMV is already exploring in Yemen and has the required experience,'' Raza said. Yemen ``seems a good region because it is producing a lot of oil.''
The state-controlled company plans to ship its share of any find from the Middle Eastern nation to Pakistan, Chief Executive Officer Syed Munsif Raza said yesterday in an interview at the venue of an oil and gas conference in Islamabad. The explorer this year won a license in Yemen, its first overseas venture, he said.
Karachi-based Pakistan Petroleum, which has a 50 percent share in the venture has partnered with central Europe's biggest explorer ``because OMV is already exploring in Yemen and has the required experience,'' Raza said. Yemen ``seems a good region because it is producing a lot of oil.''
 Qatar >> 8/10/2022 - McDermott International has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipeli...
|
 Qatar >> 7/20/2022 - Milaha, the industry-leading provider of maritime and logistics solutions in Qatar, has announced a significant five-years contract award with an opti...
|
More News
Azule Energy, Angola’s New Largest Independent Oil & Gas Producer, Begins Operations
Striking off a Dormant Indirect Wholly Owned Subsidiary
Orrön Energy Replaces Lundin Energy as its Name
Avila Energy Provide Corporate Update to the Acquisition and Name Change
PETRONAS Retains Position as World’s Strongest Oil and Gas Brand
Triple Point Energy Announces Consultation on Changes to the Investment Policy
Bechtel Limited Receives Inclusion Accreditation
Titan LNG Rebrands as Titan
Related Links
Al-Attiyah of Qatar Says OPEC Unlikely to Cut Output This Week
Iran-Armenia gas route to be opened by late March
Crude Oil Falls a Second Day on U.S. Economy Concerns, OPEC
World Oil Supply - Mar 07
Mergers and Acquisitions
Acquisitions and Divestitures
Events
Risk Management
Investment
Asset Portfolio Management
Executive Recruiting
Sourcing & Procurement
Economics/Financial Analysis
Project & Resource Management
Accounting, Statistics
