Foreign sponsor plans exit from Shell Pakistan

The sale of the sponsor’s shareholding will include its downstream businesses, as well as a 26pc stake in the Pak-Arab Pipeline Company Ltd.—AFP/file KARACHI: Shell Pakistan Ltd said on Wednesday that its foreign sponsor is planning to sell its entire 77.42 per cent stake in the oil marketing company (OMC) as part of “simplifying” its global portfolio. With a market share of 7.6pc in volumetric … Continue reading Foreign sponsor plans exit from Shell Pakistan