Tag: Ogdcl

Minister for Privatisation, Ghous Bakhsh Mahar, has said that the government’s plan to move forward on privatisation of state-owned entities would start with the...

Pakistan will be again pitching the intended $500 million exchangeable bonds of its blue chip entity, Oil and Gas Development Company Limited (OGDCL) to...

Pakistan is hopeful of generating $500 million for the Oil and Gas Development Company Limited (OGDCL) exchangeable bonds by the close of the current...

The country's largest exploration company, Oil and Gas Development Company Limited's (OGDCL) has witnessed declining production from its mature oil fields, necessitating tangible measures...

While rejecting the sale of $500 million in exchangeable bonds of the Oil and Gas Development Company Limited (OGDCL), the National Assembly Standing Committee...

The Privatisation Commission has announced the appointment of a consortium consisting of Citibank, Credit Suisse, J.P Morgan and BMA Capital as Financial Advisory Consortium...

ISLAMABAD - Islamabad Police on Wednesday arrested around 60 employees of Oil and Gas Development Company Limited (OGDCL) after they occupied their managing director's office while protesting against non-payment of their salaries. Over 200 employees, who were reinstated under a presidential ordinance, occupied the office for more than two hours, demanding payment of dues denied to them for the past many months and one-step promotion as promised by the management.
They refused to

ISLAMABAD - The government has received four expressions of interest (EOI) from leading international banks to become financial advisors on the issuance of Oil and Gas Development Company Limited (OGDCL) exchangeable bonds by monetising up to 10 percent the government's share holding in the entity.
According a senior official of Privatisation Commission leading financial institutions send EOIs in the form of consortia including Bank of America, Merrill Lynch, Barclays Bank, SCB,

ISLAMABAD - The Minister for Water and Power Syed Naveed Qamar said, on Tuesday, that the government plans to launch exchangeable bonds between $500 million and $1.0 billion for state owned Oil and Gas Development Company Limited (OGDCL) within this fiscal year. This would help permanently address the issue of inter-corporate circular debt in the power sector. Talking to the media after concluding session of the three day Pakistan Energy Conference 2011, the minister stated that

ISLAMABAD - Perturbed by the delay in commissioning of new gas discoveries because of litigation and chronic law and order issues, the National Assembly Standing Committee on Petroleum recommended the Oil and Gas Development Company Limited (OGDCL) to award its exploration and production contracts to key national strategic organisations to counter the delay tactics of multinational companies.
Committee Chairman Sheikh Waqqas Akram had given the direction to the OGDCL when its

ISLAMABAD: The state oil and gas corporation, Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) will jointly bid to acquire British oil giant British Petroleum's (BP) assets in Pakistan.
Official sources indicate this decision was made during a recent meeting of the OGDCL board. The management of the company was directed to immediately appoint a specialist consultant firm to prepare a bid for BP assets in Pakistan. The British petroleum giant