- KP CM chairs ceremony of 49% Miran Block shares transfer to OGDCL, partners with 51pc to remain with KPOGCL
- Deal brings Rs22b investment to Khyber Pakhtunkhwa and saves Rs12b for government
PESHAWAR: Khyber Pakhtunkhwa (KP) took a decisive step toward energy self-reliance as Chief Minister Sohail Afridi on Saturday chaired the ceremony for the transfer of Miran Block shares to partner institutions, a move expected to inject billions into the provincial economy and boost local employment.
The event was attended by Provincial Minister Riaz Khan, Special Assistant Shafi Jan, MNAs Shehryar Afridi and Shahid Khattak, members of the provincial assembly, and senior officials from relevant departments.
According to the briefing, 49 percent of Miran Block shares have been transferred to Oil & Gas Development Company Limited (OGDCL), while 51 percent will remain with Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL). OGDCL will lead the consortium for the block, joined by GHPL and PPL as partners.
وزیر اعلیٰ سہیل آفریدی کی زیر صدارت میراں بلاک کے شیئرز کی پارٹنر اداروں کو منتقلی کی تقریب منعقد ہوئی۔ تقریب میں صوبائی وزیر ریاض خان، معاونِ خصوصی شفیع جان، ممبر قومی اسمبلی شہریار آفریدی، ممبر قومی اسمبلی شاہد خٹک، ممبران صوبائی اسمبلی اور متعلقہ حکام شریک تھے۔
بریفنگ میں… pic.twitter.com/Ga0rK46J3W
— Government of KP (@GovernmentKP) December 6, 2025
The agreement also allows for investment in the 51 percent KPOGCL stake under the consortium, bringing approximately Rs22 billion in investment to KP. The deal will save the provincial government and KPOGCL around Rs12 billion, officials said.
Addressing the ceremony, Chief Minister Afridi described the project as a “foundation for a new era of oil and gas exploration” in the province. He said the discovery and development of energy resources would promote local employment, stimulate business and industry, and ensure that the benefits of natural resources prioritize the local population. “All decisions will be made keeping the interests of our people in mind,” he emphasized.
Afridi underscored KP’s rapid progress toward energy self-sufficiency and the creation of new revenue streams. He assured investors that the provincial government would provide every possible facility to support investment and industrial development while maintaining strict peace and security to protect projects. “Work on energy initiatives is moving beyond the usual pace, and the government will extend full cooperation to promote investment and industrial growth in the province,” he added.
The Miran Block agreement marks a significant milestone for KP, signaling a forward-looking strategy to harness local energy resources, attract strategic investments, and strengthen the province’s economic and industrial landscape.
