OGDCL Tower Islamabad

uploaded by: @nique on February 25, 2007

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Oil and Gas Development Company Limited (OGDCL) is a state corporation of Pakistan. It was created to prospect for oil and gas in Pakistan. On May 4th, 2006 Pakistan has appointed a Citigroup-led consortium to sell up to 15 pct of the country's largest oil and gas company, Oil and Gas Development Company, to foreign investors. The consortium will advise the state-run Privatisation Commission on the sale of 10-15 pct, or 430 to 645 mln shares, of the OGDC. Oil and Gas Development Company is the second Pakistani company to have been listed at the London Stock Exchange.

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