ISLAMABAD: The federal government is considering the appointment of Syed Khalid Siraj Subhani, former president of the Engro Corporation, as chairman of the Board of Directors (BoD) of Oil and Gas Development Company Ltd (OGDCL), it was learnt on Monday.
According to sources, an important personality within the ruling elite has allegedly been striving hard to ensure the inclusion of the former Engro head as chairman of the OGDCL board.
“Syed Khalid Siraj Subhani is the first choice for the OGDCL chairman slot, while Bank of Punjab President Zafar Masud is the second choice among five independent directors of OGDCL board,” an insider informed. “It is strange that Muhammad Riaz Khan, who is a senior E&P professional and has vast experience with OGDCL on senior management position, has been ignored while ex-president of Engro and incumbent BoP president have been considered as first and second choice to chair OGDCL board.”
Sharing names of remaining independent directors of OGDCL board, sources said that E&P professional Muahmamd Riaz Khan, corporate expert Mrs Shamama tul Amber Arbaba, corporate lawyer Jahanzaib Durrani, and former Pakhtunkhwa Energy Development Organization (PEDO) CEO Akbar Ayub Khan would be independent directors of OGDCL board. On the other hand, Sindh and Balochistan chief secretaries, federal secretaries of finance, petroleum, and additional secretary of Petroleum Division would join as non-independent directors.
OGDCL Managing Director would perform his duty as executive director of the OGDCL board.
Sources said the Petroleum Division had earlier submitted a summary to Prime Minister Imran Khan for the nomination of the aforementioned directors on the board of OGDCL, which was approved on 8 Dec 2020.
Love the decision. Time of Oil is about over and cars will go electric. Better to consume it in good way
Rightly pointed out by the Ahmed that Riaz KHAN` is a seasoned professional in the field of Exploration and production with over 4 decades of oil and gas industry experience. He knows in-depth problems and way out for these in order to enhance the Exploration activities in the frontier areas of Pakistan. I hope that PTI government will review their recommendations.
It is strange all being recruited by IK government from Engro Corporation background. Already people of Pakistan are being forced to endure incompetence of Dawood, Asad Omar and now as if it all was not enough Syed Khalid Siraj Sunbhani, former Head of Engro Corporation with potential conflict of interest is being imposed to head state run profitable OGDCL. People wondeing what intrigues are being hatched!
No one becomes competent after having worked for “seth”, but competent enough with chicanery and mlarkey for vested interests. All of them are competent enough to dance to the tune of corporate hegemony, not for the country. We don’t have anyone sincere like Dr. A Q Khan.
But mandatory to get secret reports on integrity of each one . The honest and efficient ones be preferred.
I think decision is fine.
Current OGDCL MD & CEO Mr.Shahid Saleem Khan is very much competent as he is having vast and rich experience in E&P sector and he can run OGDCL in a nice and very efficient manner.
Must be mandatory to get secret reports on integrity of each one . The honest and efficient ones must be preferred.
Mr. Riaz Khan could be the best choice for Chairman OGDCL, he has lot of experience related to E& P company and he knows about working of OGDCL, he was inducted as trainee Petroleum Engineer in OGDCL and retired as MD\CEO OGDCL.