Pakistan Inks Five Oil and Gas Exploration Deals

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Pakistan has signed five oil and gas exploration deals with local and international companies to develop three offshore and two onshore blocks, marking a significant step in the country's efforts to boost its energy sector.

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Market impact analysis based on bullish sentiment with 70% confidence.

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Bullish
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70%

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Pakistan has signed five deals for oil and gas exploration with local private and state-owned companies that will develop three offshore and two onshore blocks, Pakistani media reported, citing a securities filing. The companies that will be involved in the development of the five blocks include Mari Energies, Oil & Gas Development Company Limited, Pakistan Petroleum, Fatima Petroleum, Government Holdings Limited, and Turkish Petroleum Overseas Company. Last month, the Pakistani government auctioned 40 offshore blocks and got 23 bids from four…

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