MULTAN, Oct 25: Privatisation of Qadirpur gas field, earning a net profit of Rs50 billion per annum, is against national interests, says OGDC union office-bearers.

CBA union vice-president Malik Muhammad Ismail said here on Saturday the Qadirpur field, situated in Sindh, last year paid Rs1 trillion in taxes, royalty and dividends besides earning a huge profit of Rs78 billion.

He said the proposed privatisation of such a profitable gas field was tantamount to a huge national loss and also a big loss for the Sindh province.

“OGDC’s share in domestic gas production is 66 per cent, 33 per cent in new discoveries and 36 per cent in reservoirs.”

The union leader said the Qadirpur gas field constituted 30 per cent of the total gas production of the country.

Malik Ismail said the government provided LPG and Sui gas for CNG at very cheap rates. However, the people used to pay much more price for it. —APP