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Article: Deadline to bid for Pakistan oil firm deferred
- Article from:
- New Straits Times
- Article date:
- April 9, 2007
- Author:
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Kamarul Yunus
New Straits Times
04-09-2007
Deadline to bid for Pakistan oil firm deferred
Byline: Kamarul Yunus
Edition: Main/Lifestyle
Section: Business Times
Type: News
THE deadline to bid for a majority stake in Pakistan State Oil (PSO), for which Petroliam Nasional Bhd (Petronas) is also in the running, has been deferred to May 19 from May 5, according to Pakistan's Privatisation Commission.
The Privatisation Commission, which oversees the sale of government assets, said the change in date was because of bidders' requests for more time to prepare their bids.
PSO is Pakistan's largest oil marketing company.
"On the request of some intending bidders and the recommendations of the Financial ...