OGDCL to make fairness funding in PRL



Pakistan’s largest oil and gasoline explorer, Oil and Gasoline Improvement Firm Restricted (OGDCL), is ready to make fairness funding as a strategic investor in Pakistan Refinery Restricted (PRL).

The 2 corporations have signed a memorandum of understanding (MoU) to discover this selection.

One of many key points of this cooperation contains OGDCL’s fairness funding in PRL as a strategic investor with satisfactory board illustration, aimed toward upgrading and progress of the refinery.

“OGDCL has established a strategic partnership with PRL to determine and pursue potential cooperation alternatives and foster mutual progress within the vitality trade of Pakistan,” stated a press release.

“The MoU units the framework for future collaboration and cooperation between the 2 corporations.”

Each companies will work collectively to execute vital agreements, together with confidentiality agreements for knowledge trade, and determine appropriate funding alternatives.

Revealed in The Specific Tribune, Might 25th, 2023.

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