Fatima Fertilizer Company Limited (FATIMA), listed on the Pakistan Stock Exchange, has officially approved the complete acquisition of Fatima Petroleum Company Limited, marking its entry into the country’s petroleum exploration and production sector.
The deal will be executed at face value, and is part of FATIMA’s broader diversification strategy to expand beyond fertilizers and into the energy market.
Fatima Petroleum, a non-listed public company, has secured farm-out agreements with Orient Petroleum Inc. to obtain interests in three petroleum assets:
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Marwat Block (25%) in Khyber Pakhtunkhwa
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Harnai South Block (24%) in Balochistan
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Ratana Lease (10.5%) in Punjab
The completion of this acquisition remains subject to final government and regulatory approvals, and the signing of assignment deeds.
This development signals FATIMA’s long-term commitment to tapping into Pakistan’s upstream energy potential, aligning with national needs for resource development and energy diversification.