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Fifteen Companies to purchase 51% stake in Pakistan State Oil Company
Saudi Press Agency Published in Saudi Press Agency on 02 - 04 - 2005

The Wall Street Journal today reported that fifteen local and international companies, including U.S.-based ChevronTexaco (CVX) and the UK's Tysons Oil & Energy, have shown interest in buying a 51% stake in Pakistan State Oil (PSO.KA), the country's biggest oil-marketing company, the government said.
Abdul Hafeez Sheikh, Pakistan's privatization and investment minister, announced the interested companies at a news conference Saturday.
Some of the other local and international companies are Kuwait Petroleum Corp.(KPT.YY); Abraaj Capital Ltd. of the United Arab Emirates; a consortium of Vitol S.A of Switzerland and Hasan Associates of Pakistan and Lukoil International Trading and Supply Co. of Russia.

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