Shelving of QGF sell-off to cost government $1 billion:

Shelving of QGF sell-off to cost government $1 billion:


The federal government has abandoned the idea of divesting Qadipur Gas Field on the pretext that it was being opposed by the workers and opposition parties - a decision that would cost one billion dollars to the federal kitty. Earlier the government had decided to sell off 37% of its share in the Qadirpur gas field for about US$2 billion; however the total value of its assets is of over US$7 billion. This bodes positive for OGDC as, Qadirpur is the second largest gas field after Sui, with OGDC having 75% stakes in it. The field provides 50% of the gross gas revenues for OGDC.