Aramco to Examine Potential Bid for Shell’s Pakistan Unit

Saudi Aramco is exploring a possible bid for Shell Plc’s property in Pakistan, in line with individuals acquainted with the matter, probably marking the Gulf oil large’s first foray into the South Asian nation.

Aramco is learning the Shell property together with Karachi-listed Shell Pakistan Ltd., which has a market worth of about $123 million, stated the individuals, who requested to not be recognized as the data is non-public. The Pakistani property might be valued at round $200 million in a transaction, the individuals stated.