ISLAMABAD: In a major development, US energy giant ExxonMobil has acquired 25% shareholding in offshore drilling in Pakistan.
Earlier, Oil and Gas Development Company (OGDC), Pakistan Petroleum Limited (PPL) and Italian energy firm Eni had 33% stake each in offshore drilling in the country. Now, ExxonMobil has acquired 25% shareholding, reducing the share of all partner companies to 25% each.
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