Govt may sell out Qadirpur gas field

KARACHI - The government is likely to sell out the country’s second largest gas field, Qadirpur, having gas reserves of about 3.5 tcf worth $3to 5 billion and an announcement in this regard may appear on Tuesday, The Nation learnt.

Moreover, several speculations were circulating at the Karachi stock market that government had already made a deal to sell the field with a Dubai-based company and very soon announce the legal frame work of the expected sale of the field. It was also being speculated that the Qadirpur gas field may be sold at a throw away price.

The field is 75 per cent owned by Oil and Gas Development Company (OGDC) while Kirthar Pakistan posses 8.5 per cent, PPL 7 per cent, PKPEL 4.75 per cent and PKPEL-2 4.75 per cent.