Ali Amin Gandapur Reviews KP Oil & Gas Progress Miran Block Investment
Ali Amin Gandapur presided over a meeting of the KP Oil and Gas Company Limited (KPOGCL) to discuss progress in the province’s oil and gas sector, said an official communique issued here. The Special Assistant to the Chief Minister on Energy, the Secretary for Energy, the CEO of KPOGCL, and other officials attended the meeting.
During the meeting, officials briefed CM Ali Amin Gandapur on the company’s corporate business strategy, the province’s oil and gas potential, recent discoveries, and investment prospects.
They reported a major achievement in the exploration and production phase at the Miran Block, adding that the bidding process for the block had been completed, with 49 percent of its shares sold to investors while KPOGCL retained 51 percent of the shares without any financial risk.
The project was set to attract direct investment of Rs 22 billion into the province, and the respective consortium would bear all expenses for the exploration phase.
Regarding the leading role in oil and gas production, Ali Amin Gandapur was informed that KP continued to play a significant role in the country’s energy sector.
The province produced 30,000 barrels of oil daily, accounting for 42 percent of the national output. Additionally, it produced 410 million cubic feet of gas per day which was 13 percent of the national production and a significant share of LPG.
“No clarity on civil disobedience movement yet,” says KP CM Gandapur
In other news, Ali Amin Gandapur on 15 December clarified that the announcement of the civil disobedience movement was made by the Pakistan Tehreek-e-Insaf (PTI) founder, not him.
Speaking to the media in Peshawar, Gandapur said, “There is no clarity on this matter yet. We will act on civil disobedience once clarity emerges.”
He said that their demands include the release of the party founder, restoration of their mandate, and reversal of unconstitutional amendments.
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