Fatima Fertilizer Board approves 100% acquisition of Fatima Petroleum

MG News | July 28, 2025 at 02:37 PM GMT+05:00

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July 28, 2025(MLN): Fatima Fertilizer Company Limited (PSX: FATIMA) has received Board approval to acquire 100% of the shares of Fatima Petroleum Company Limited, a public unlisted company, at face value.

This acquisition is in line with the company’s strategic and diversification objectives, the notification issued to the local bourse.

Fatima Petroleum Company Limited has entered into farm-out agreements with Orient Petroleum Inc. (OPI) to acquire petroleum interests, subject to regulatory clearances, governmental approvals, and execution of deeds of assignment.

These interests include a 25% working interest in the Marwat block located in Khyber Pakhtunkhwa, a 24% working interest in the Harnai South block in Balochistan, and a 10.50% working interest in the Ratana D&P Lease situated in Punjab.

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