KARACHI – Fatima Fertilizer Company Limited (FATIMA), a prominent player on the Pakistan Stock Exchange (PSX), has announced a significant strategic move into the energy sector by acquiring 100% ownership of Fatima Petroleum Company Limited.
The acquisition was approved by the company’s Board of Directors and will be executed at face value, according to a stock exchange filing. This move marks a major step in Fatima Fertilizer’s diversification plan as it enters Pakistan’s oil and gas industry.
Fatima Petroleum, though a public unlisted company, has already made notable inroads into the upstream energy segment. It has signed farm-out agreements with Orient Petroleum Inc., acquiring working interests in three petroleum blocks:
25% stake in the Marwat Block, Khyber Pakhtunkhwa
24% stake in the Harnai South Block, Balochistan
10.5% stake in the Ratana Development and Production Lease, Punjab
The completion of these transactions is contingent on regulatory approvals, government clearance, and the execution of deeds of assignment.
This acquisition positions Fatima Fertilizer to capitalize on Pakistan’s growing energy demands and create synergies between its agriculture and energy businesses.
