ISLAMABAD: After a gap of nearly three decades, ExxonMobil is gearing tore-enter the Pakistani market, as the world’s largest oil and gas companyeyes it as an emerging economy with immense potential.
According to a report in *Business Recorder, *well-informed sources in theBoard of Investment (BoI) said the company’s Chief Executive Officer (CEO)Irtiza Sayyed considers the Pakistani market as very significantconsidering its existing and rising quench for energy as it continues itseconomic growth trajectory.
Mr Sayyed in a letter sent to the BoI stated ExxonMobil has been assessingits re-entrance into Pakistan since quite a while and has been assiduouslyhunting energy-related opportunities for past few years.
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ExxonMobil has made major strides to re-enter the Pakistani market whichincluded acquiring a 25% stake in offshore drilling in May this year.
