RFP out for Pakistan’s $1bn OGDCL stake

By Rev Hui
03 Apr 2014

The government of Pakistan is sounding out banks to sell a 10% stake worth as much as $1bn in the country’s largest petroleum firm, Oil and Gas Development Company Limited (OGDCL).

Banks have been given an April 16 deadline to respond to the RFP, with the government is looking to hire at least two global bookrunners and one local lender to handle the sale.

OGDCL primarily engages in the exploration, development, production and sales of oil and gas resources ...

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