Shell Petroleum, one of the world’s preeminent oil and gas conglomerates, has declared its intention to relinquish its stake in Shell Pakistan, its subsidiary in the nation. The decision, the company insisted, “was not made frivolously.” It is now looking to sell more than 77% of its shares in Shell Pakistan. Instead, the global headquarters of Shell is selling their stake in the company that is Shell Pakistan. The first is that Shell has been wanting to leave Pakistan for years as it is. But we also know that the oil giant has been unhappy being in the Pakistan market for the last decade.
