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Presentation of Pakistan State Oil for bidders on November 15

ISLAMABAD (November 12 2002) : The first presentation on Pakistan State Oil Company Limited privatisation is scheduled for November 15, 2002, at Karachi. Representatives of potential bidders will be given briefing on financial health and other related aspects of the company during the presentation.

The Privatisation Commission had sought Expressions of Interest (EoIs) through international and national publications in March and April this year. Six parties had submitted their Statements of Qualifications (SoQs) and five pre-qualified to participate in the privatisation process.

The government plans to privatise Pakistan State Oil Company (PSO) as an integrated company by selling a 51 percent stake in the company to a qualified strategic buyer.

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