Saudi Aramco is weighing a potential bid for Shell’s assets in Pakistan, potentially marking the Gulf oil major’s first foray into the South Asian country, Bloomberg’s Vinicy Chan, Faseeh Mangi, and Dinesh Nair report, citing people familiar with the matter. Aramco is reviewing the assets, including Shell Pakistan, which has a market value of approximately $123M, the authors note. Shell shares are up 1.2% in afternoon trading.
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