FFC, EFERT, FATIMA sign an agreement with MPCL

MG News | December 09, 2022 at 09:55 AM GMT+05:00

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December 9, 2022 (MLN): Fauji Fertilizer Company Limited (FFC) along with Engro Fertilizers Limited (EFERT) and Fatima Fertilizer Company Limited (FATIMA) have entered into an agreement with Mari Petroleum Company Limited (MPCL) to maintain MPCL’s Habib Rahi Limestone (HRL) Reservoir gas production plateau, the company’s stock filings on the stock exchange showed.

“The project is aimed to maintain MPCL’s Habib Rahi Limestone (HRL) Reservoir gas production plateau at the required delivery pressure for supplies to the fertilizer manufacturers”, the notification read.

This project includes the construction of pipeline infrastructure and the installation of compressors within the Mari Field.

At the time of writing, the scrip of the FFC, EFERT, FATIMA, and MPCL is being traded at Rs102, Rs81.69, Rs35 and Rs1,663 respectively.

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