Italian Company ‘Eni’ to wind up operations in Pakistan after 20 years

MG News | June 21, 2020 at 03:51 PM GMT+05:00

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June 21, 2020 (MLN): ENi of Itlay is planning to pull out from Pakistan after operating in the country for almost 20 years, Bloomberg reported on Friday.

According to the media reports, the company is actively seeking investors to buy its upstream projects, as well as several producing assets in Bhit, Badhra and Kadanwari, along with its processing facilities and several non-operating assets.

It has been reported that the company’s annual production of natural gas as of 2019 totaled 37 billion cubic feet.

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