The federal government is considering selling the shares it now owns in the Reko Diq project to Saudi Arabia in order to attract investment from the Gulf state, reported The News International.
According to the revised agreement, Barrick Gold Corporation of Canada holds 50 per cent of the shares, and Antofagasta of Chile has withdrawn from the project in exchange for USD million deposited by three federal government agencies: Oil & Gas Development Company Limited, Pakistan Petroleum Limited, and Government Holdings Private Limited.
