PESHAWAR: Khyber Pakhtunkhwa Chief Minister Muhammad Sohail Afridi on Saturday reiterated that the people of KP hold the primary right over the province’s natural resources and that all future decisions in the sector will be taken with their interests at the forefront. He was speaking at a share transfer ceremony held at KP House in Islamabad, where he described the transfer of 49 per cent shares of the Miran Block to partner organisations as a major milestone for the provincial government.
Calling the development a catalyst for a “new era of oil and gas exploration” in KP, Afridi said the initiative would support job creation, stimulate business activity and promote industrial growth. According to an official statement from the chief minister’s secretariat, he said the province was rapidly progressing toward energy self-reliance while building sustainable revenue streams. He assured full support and facilitation for investors and industrialists willing to participate in the province’s energy sector.
Afridi emphasised that the provincial government would maintain a secure environment for investment and would not compromise on law and order. He stated that KP was executing energy projects at an “extraordinary pace” and would continue to encourage private-sector participation to further accelerate industrial development.
During the briefing, officials explained that 49 per cent shares of the Miran Block had been transferred to a consortium led by the Oil and Gas Development Company Limited (OGDCL). The remaining 51 per cent shares would stay with the Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL). The consortium also includes Government Holdings (Private) Limited (GHPL) and Pakistan Petroleum Limited (PPL). It was further disclosed that the consortium would bear the investment cost corresponding to KPOGCL’s 51 per cent share.
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Under the agreement, an estimated Rs22 billion in investment has been attracted to KP, while the deal has also resulted in financial savings of approximately Rs12 billion for the provincial government and KPOGCL.
Mr Afridi stated that the provincial government would ensure a secure investment environment and that no compromise would be made on law and order for the protection of investors.https://t.co/sR9rzoTX3w
— Dawn.com (@dawn_com) December 7, 2025
The ceremony was attended by Special Assistant to the CM on Information Shafiullah Jan, MNAs Shehryar Afridi and Shahid Khattak, MPA Daud Afridi, senior KPOGCL officials and representatives of partner companies.
A previous signing ceremony held on February 26—witnessed by then chief minister Ali Amin Gandapur—highlighted the national significance of the Miran Block exploration. Gandapur had underscored KP’s vital role in Pakistan’s energy landscape, noting the province’s contribution of 42 per cent of crude oil, 13 per cent of natural gas and 40 per cent of LPG production.
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