Qatar Agrees To Buy Ogdcl Ppl Shares

February 24, 2023 0 Comments

The Qatar government has agreed to buy a minority stake in Pakistan’s state-owned oil and gas exploration and production company, the Pakistan Petroleum Limited (PPL). This is part of Qatar’s $22 billion investment package into Pakistan. The PPL shares will be bought through the Qatar Investment Authority.

The Qatar Investment Authority (QIA) has agreed to purchase a minority stake in Pakistan’s Oil and Gas Development Company Limited (OGDCL). The deal, which is still subject to regulatory approvals, will see the QIA invest $1.03 billion for a 26.4% share in OGDCL – one of Pakistan’s largest exploration and production companies. This is a significant investment by the QIA in Pakistan’s energy sector, and comes at a time when the country is seeking to attract more foreign investment.

It also follows on from Qatar’s previous investments in Pakistan, including the $1 billion joint venture with Al-Mirqab Capital to set up an LNG terminal in Karachi. The QIA’s investment will help OGDCL expand its operations and develop new oil and gas fields. This is good news for Pakistan, as it will help boost domestic production and reduce the country’s reliance on imported energy.

In turn, this should help improve Pakistan’s balance of payments position and support economic growth.

What is the Value of the Shares That Qatar Has Agreed to Purchase

Qatar Airways has agreed to purchase a 10% stake in Cathay Pacific for $662 million. Based on Cathay Pacific’s current share price, this values the airline at $6.62 billion. This is a significant investment by Qatar Airways, and one that highlights their confidence in the future of Cathay Pacific.

The deal will also deepen the relationship between the two airlines, who are already part of the Oneworld alliance. Cathay Pacific is one of the world’s leading airlines, and this investment will give Qatar Airways a foothold in the important Asian market. Asia is expected to be the largest growth market for air travel over the next 20 years, so this move makes good strategic sense for Qatar Airways.

The value of shares can fluctuate significantly, but based on current prices, Qatar Airways has made a smart investment that should pay off handsomely in the years to come.

Ogdcl Share Price

The Pakistan Stock Exchange (PSX) has started the week on a positive note as the benchmark KSE-100 index gained 538.71 points, or 1.16%, to close at 46,849.85. Shares of Oil and Gas Development Company Limited (OGDCL) were among the top performers as the stock surged 9.57% to close at Rs167.81 after the government announced a reduction in gas prices for all sectors except power generation and fertiliser production. According to a notification issued by the Ministry of Petroleum and Natural Resources, gas prices have been slashed by 10% for CNG stations, domestic consumers using less than 50 cubic meters per month, commercial establishments using less than 300 cubic meters per month and industrial units consuming less than 2,000 cubic meters per day.

The new rates will come into effect from July 1st, 2019. This is good news for OGDCL as it will result in an increase in demand for natural gas which is the main product of the company. Moreover, lower gas prices will also benefit OGDCL’s customers who are likely to use more gas now that it is cheaper.

Ogdcl Share Price Forecast

The OGDCL share price has been on a roller coaster ride in recent years. After hitting an all-time high in early 2008, the shares fell sharply during the global financial crisis. However, they have since recovered and are currently trading at around Rs. 300.

Looking ahead, we expect the OGDCL share price to continue to be volatile in the short-term as global oil prices remain under pressure. However, over the longer term we believe that the company is well positioned to benefit from rising oil demand in Pakistan and elsewhere in Asia. As such, we have a positive outlook for the stock and believe it is worth buying at current levels.


The Qatar government has agreed to purchase a controlling stake in Pakistan’s oil and gas exploration and production company, OGDCL. This is a major step forward for the cash-strapped Pakistani government, which has been struggling to find buyers for its shares in state-owned companies. The Qatar investment will give OGDCL the financial boost it needs to continue its operations and expand its business.

Leave a Reply

Your email address will not be published. Required fields are marked *