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Recent Financial News in the 'oilgas-exploration' category

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Monday, August 25 2025

Top official replaced amid controversy over KP gas field award
The government has removed a senior petroleum division official on orders from the PM Office, following a controversy involving the award of a majority government-owned gas field to third party, sources told Dawn. Director General Petroleum Concessions Kashif Ali, a grade 20 officer, has been transferred to the administration/policy wing of the petroleum division. In his stead, Imran Ahmad, who currently serves as director general (oil), has been given ‘look after charge’ of this post, in addition to his existing responsibilities. The removal comes as a deal neared finalisation to allow gas to flow from a majority government-owned field in Kohat to a private party through a negotiated sale, a process that has drawn scrutiny from multiple government bodies and private stakeholders.
Related news categories: business misc oilgas-exploration oilgas-marketing

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