Pakistan Petroleum Limited (PPL) and the Government of Balochistan have signed a Memorandum of Agreement aimed at executing a Petroleum Concession Agreement for the Sui Development and Production Lease.
Under the agreement, PPL will contribute approximately Rs. 60 billion to the Balochistan government in the form of Lease Extension Bonus, Production Bonus, and Social Welfare Obligations. Of this sum, PPL has already presented the first tranche of Rs. 36 billion to Balochistan Chief Minister Sarfraz Bugti, with the remaining disbursements scheduled for March and May 2025.
In a statement, the PPL said it had invested approximately Rs. 13.76 billion in Balochistan over the past decade, including Rs. 2.72 billion in 2023-24 alone. These contributions span across critical areas such as education, healthcare, infrastructure, free gas and water supply, and community development initiatives.
Ensuring the fundamental needs of the people of Sui are met, PPL has delivered gas worth Rs. 7.4 billion and water worth Rs. 1.7 billion for free to the region’s residents over the past 10 years. Overall, PPL supplies 4 MMscfd of gas and over 2 million gallons of water daily to the residents of Sui, ensuring better living conditions for the local community. Additionally, PPL has generated employment for approximately 1,500 individuals in Sui, with nearly 1,200 belonging to the local population.
The agreement underscores PPL’s dedication to sustainable development, aiming to enhance the quality of life in Dera Bugti through structured initiatives outlined in the Development and Production Lease agreement. Beyond gas and water provisions, PPL will extend educational scholarships to students from Dera Bugti and facilitate technical and vocational training for engineers and diploma holders through the Balochistan Technical and Vocational Training Authority. Further, PPL will actively engage in healthcare and educational infrastructure rehabilitation in Dera Bugti in collaboration with the provincial government.
PPL has stressed that the Memorandum of Agreement reflects its unwavering commitment to social responsibility and reinforces its mission of uplifting marginalized communities. By fostering socioeconomic development, capacity building, and essential service provision, PPL continues to play a pivotal role in driving progress and prosperity in Balochistan.