Pakistan's PEL Signs E&P JV with Moroccan State Oil Company

SINGAPORE Jul 02, 2007 (Dow Jones Newswires)

Petroleum Exploration Pvt. Ltd., or PEL, has become the first-ever Pakistani oil and gas company to undertake exploration and production in North Africa, Pakistan's Business Recorder reported Monday.

PEL has entered into a joint venture agreement with ONHYM, the Moroccan state oil and gas company, for exploration of oil and gas in three blocks in the country.

PEL will hold a 75% working interest in the block and the Moroccan state oil company 25%.

Copyright (c) 2007 Dow Jones & Company, Inc.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Office Manager
Expertise: Asset Management|Operations Management|Secretarial or Administrative
Location: Von Ormy, TX
 
Sr. Analyst - Mobile & Application Development
Expertise: IT - Programming & Database|IT - Software Development|Project Management
Location: Houston, TX
 
Senior Project Manager - Chemicals
Expertise: Project Management
Location: Greenville, SC
 
search for more jobs

Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours