Government to sell energy stakes

Government to sell UAE $2 billion stake in 5 energy companies

The Federal Cabinet has approved the sale of shares in OGDCL and two other oil and gas businesses to close a funding gap. The government also intends to sell the Balloki Power Plant and Haveli Bahadur Shah Power Plant to the UAE on a G2G basis. National Assembly (NA) session is now underway and an ordinance cannot be issued during

Loading...