Saudi Aramco, the Gulf oil giant, is actively considering the acquisition of Shell Plc’s assets in Pakistan, an endeavor that would mark its initial venture into the South Asian nation. Sources familiar with the matter, who opted to remain anonymous due to the confidential nature of the information, disclosed that Aramco is meticulously evaluating the assets of Shell, with a focus on Karachi-listed Shell Pakistan Ltd. The market value of this subsidiary is estimated at approximately $123 million. If the deal proceeds, the total value of the Pakistani assets under consideration could reach around $200 million.
By Bloomberg
