Shell Petroleum intends to sell its shareholding in Pakistan unit Shell Pakistan Limited (SPL) on Wednesday announced that its parent company, Shell Petroleum Company Limited, has notified its intent to sell its shareholding in the Pakistan unit. Shell Pakistan, in a notice sent to the Pakistan Stock Exchange (PSX), said: “We hereby inform you that the Board of Directors of Shell Pakistan Limited (SPL), in a meeting of its Board, held on June 14, 2023, have been notified by The Shell Petroleum Company Limited (SPCo) of its intent to sell its shareholding in SPL." The oil and gas company clarified that any sale will be subject to a targeted sales process, the execution of binding documentation and the receipt of applicable regulatory approvals. SPL, however, said that the development would have no impact on its current business operations, which will continue. “SPL remains committed to continuing to deliver safe and reliable operations for our customers and partner...
Welcome to Muhammad Ali Blog Page, a space dedicated to exploring a wide range of topics and ideas. From current events to personal reflections, we cover it all with a thoughtful and engaging approach. Our content is designed to inform, inspire, and spark conversation among our readers.