Pakistan Will Hold Another Pre-Bid Conference

Pakistan's Privatization Commission has scheduled a second pre-bid conference in December for the sale of the government's 51% stake in Pakistan State Oil. The purpose of this conference is to allay the concerns of the bidders and answer any questions they may have. A formal date for the start of the bidding process will be set at the December meeting. There are four companies in the running to purchase an interest in Pakistan State Oil: Pakistan's Fauji Foundation, Kuwait Petroleum, Saudi Arabia's Midrock and Caltex.