Hungarian company to invest in Pak oil sector

ISLAMABAD: Hungarian oil and gas company MOL will invest $180 million in Pakistan for oil and gas exploration, Geo News reported Sunday.

Talking to media here, MOL Pakistan managing director Janos Feher said the company has invested $822.5 million in Pakistan during the last ten years, adding the Company will invest $8 million in Margalla Block during 2010.

At least $3.5 million would be spend in Karak Block.

Janos said the Margalla Block adjacent to the federal capital has promising prospects of gas generation.

Source: http://www.geo.tv/Business.htm