Mari Gas Company (MGCL) has changed its name to Mari Petroleum Company Limited (MPCL) with effect from November 19, 2012. The new name was approved in the company’s annual general meeting held on October 25, 2012.
The Securities and Exchange Commission of Pakistan (SECP) had granted approval and issued appropriate notification in this respect, said a press release issued on Monday.
The company has achieved significant successes in exploring, developing and bringing into production new gas, oil and condensate discoveries, in all provinces of the country. The company is now a major player in Pakistan’s exploration and production sector, operating seven exploration and production assets and has partnership in an equal number of non-operated assets, including its overseas investment.
The change embodies the expansion and diversification of company’s business activities and symbolises its new position in the Pakistan’s exploration and production sector.