The kidnapping of the employees of the Oil and Gas Exploration and Production (E&P) companies, twice in less than one year in the Fata has sent a wrong signal to the investors who are now holding back from investment in the Khyber-Pakhtunkhwa.
Taking serious notice of the deteriorating security situation for the oil and gas companies’ employees in the tribal areas, the KP government in a letter dated August 11, 2017 addressed to the Directorate General of Petroleum Concessions (Petroleum Division) said that the recent kidnapping incidents in the tribal areas had created anxiety among the oil and gas exploration and production companies working in the province.
According the letter, available with The Nation, four employees of the BGP (Pakistan International) company, which works under the supervision of Oil and Gas Facilitation Unit (OGFU) Fata went missing earlier this month.
This is second kidnapping in less than a year as in November 2016 another kidnapping took place.
The kidnapping incidents have negatively affected oil and gas sector in the Khyber-Pakhtunkhwa.
The letter has claimed that the investors have started holding back their investments.
Earlier, in another letter to Saeed Khan Jadoon, acting executive director exploration OGDCL, BGP (Pakistan international) informed that on August 9, 2017 four BGP personnel were kidnapped from the Fata.