ECC’s advice sought to cancel Jura Energy’s rights
ISLAMABAD: The Petroleum Division has placed Jura Energy Corporation’s petroleum rights before the Economic Coordination Committee of the cabinet for revocation after obtaining the opinion of the Law Division. The case concerns the transfer of all 73.3 per cent of Jura Energy’s controlling shares by Phoenix Exploration Ltd, a Bermuda-based company, to IDL Investments Ltd, a British Virgin…
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