Pakistan, Chinese Firms Eye Rs. 20 Billion Gas Deal

Pakistan's Shaheen Energy and China's Anton Oilfield Services Group are in talks to invest around Rs. 20 billion in the country's gas and upstream energy sector over the next three to five years. The two firms have signed a memorandum of understanding to identify commercially viable projects, which may include third party gas sales, upstream development, field expansion, production enhancement, gas processing, and energy infrastructure.

Shaheen Energy will contribute its local operations and gas processing expertise, while Anton Oilfield Services Group will provide oilfield technology and capabilities in upstream development.

Brief written by urgent.news from ProPakistani's own syndicated text. Machine-written — may contain errors; check the original before relying on it.