CM orders to finalize legal formalities to establish oil and gas company

CM Baluchistan orders to finalize legal formalities to establish oil gas company
CM Baluchistan orders to finalize legal formalities to establish oil gas company

QUETTA : Chief Minister Baluchistan Jam Kamal Khan has directed the Energy Department to legal formalities for establishing the Baluchistan’s own oil and gas organization.

Amid a gathering on Monday, the CM was advised about the issues identified with the foundation of an oil and gas organization at the provincial level.

Secretary Energy Khaleeq Nazeer Kiyani, Additional Chief Secretary for Planning and Development Sajjad Ahmed Bhutta, Secretary Finance Noorul Ameen Mengal and Secretary law Abdul Rehman Buzdar were also present at the gathering.

Kamal said that after the eighteenth amendment to the Constitution, Baluchistan had been allocated one block comprising oil and gas repositories. He included that interest for two more block would be introduced to the government soon.

 

It was decided to appoint a managing director and board of directors for the company during the meeting. Energy department was directed by CM to cooperate with the law department to finalize all the legal formalities for establishing the province’s own oil and gas company.

During the meeting, the secretary energy informed that the company had already been registered under¬†Securities and Exchange Commission of Pakistan and soon it will be registered to get listed under Pakistan Stock Exchange after hiring & appointment of Company’s Managing Director.

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