OMV Pakistan divests upstream business to United Energy for $192 million

OMV Pakistan divests upstream business to United Energy for $192 million

This follows the exit of other MNCs from Pakistan’s oil and gas upstream business which includes BP, Shell EP and now OMV. Chevron also exited the downstream fuels business in Pakistan.


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Muhammad Imran

Pakistan Petroleum Limited

7 年

very sad news! please tell me any government official, why exited O&G companys from pakistan???

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UEP take over of OMV operation is very good news, as UEP is well established and has proven - it can deliver and keep people happy and employed with sustainability is business model. Exit of OMV is not a surprise as their business case may be not feasible, sustainable for overall operation.

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Muhammad Adnan

Chief Geophysicist at Dubai Petroleum

7 年

Sad news in a big picture. Perhaps good for UEP! Come on guys.. this is not good seeing another great MNC exiting Pak.

SYED ASGHAR SHAH

CFO - Regional Finance & Commercial Leader with experience in diverse businesses, levels, and cultures in Asia and Africa

7 年

Well done and congratulations team UEP!

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Nida Yousuf

Head of Human Resources - General Manager Pakistan

7 年

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