Shell International Petroleum Company will begin due diligence review of Pakistan Refinery Ltd (PRL) from January 24, 2010 to ensure a fair valuation of its interest in PRL. According to communiqué despatched to Karachi Stock Exchange here Friday, PRL board has accorded approval to the request of Shell for the review as intended.
Pakistan State Oil (PSO) had shown interest to acquire 30 percent share of Shell International Petroleum Company UK in PRL and started due diligence review from December 3, 2010.
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