Saudi Aramco is reportedly exploring the possibility of making a bid for Shell Plc’s assets in Pakistan, the media reported.
Citing sources familiar with the matter, Bloomberg reported that this potential deal could mark Saudi Arabia’s first venture into the South Asian nation’s energy sector.
Saudi Aramco, the world’s largest oil company, is said to be carefully evaluating the Shell assets in Pakistan, with a particular focus on Shell Pakistan Ltd., which is listed on the Pakistan Stock Exchange (PSX) and has an approximate market value of $123 million, Express Tribune reported.
