This government-owned Pakistani company makes over $1.5 billion in revenue
Published on: March 29, 2018
One of Pakistan’s largest organisations, the Oil and Gas Development Company (OGDCL), does not sell any consumer goods or services. It is not a household name, yet it plays a critical role in providing backend energy and infrastructure support to the country.
Established in 1961, OGDCL, unlike many other government-owned entities, has managed to build itself a strong balance sheet and does not require continued budgetary support from the public exchequer.
The scale at which it invests in new exploration supports many businesses connected with the oil and gas industry. Besides being listed on the Pakistan Stock Exchange, it has also been on the London Stock Exchange since December 2006.
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