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Oracle Power PLC - London-based power and natural resource project developer with projects focused in Pakistan - Signs a non-binding memorandum of understanding with Sui Southern Gas Co Ltd, a Karachi-based natural gas supply company which is majority-owned by the Government of Pakistan. The understanding relates to the joint development of a synthetic natural gas project utilising coal from Oracle's Thar coalfield in Pakistan. Oracle will carry out the technical and financial feasibility study of the project. Oracle says the study is expected to be completed in the final quarter of 2022.
Current stock price: untraded in London, previous close 0.34 pence
12-month change: down 38%
By Heather Rydings; heatherrydings@alliancenews.com
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