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    Pak Arrests Ex-FM in Connection with Corruption in LNG Deal

Summary

Pakistan State Oil and Qatargas signed in 2016 a 15-year sale and purchase agreement for 3.76mn mt/yr at a price of 13.36% of Brent oil.

by: Shardul Sharma

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Natural Gas & LNG News, Asia/Oceania, Liquified Natural Gas (LNG), Security of Supply, Corporate, Import/Export, Contracts and tenders, Political, Contracts and tenders, News By Country, Pakistan

Pak Arrests Ex-FM in Connection with Corruption in LNG Deal

Ex-finance minister of Pakistan Miftah Ismail has been arrested by National Accountability Bureau (NAB) as part of government’s crackdown on political leaders allegedly involved in corruption, according to various media reports published August 7.

The arrest was confirmed by NAB after his pre-arrest bail was rejected by the Islamabad high court. Ismail has been charged on a multi-billion-rupee case, related to the award of a Qatri LNG import contract.

Pakistan State Oil and Qatargas signed in 2016 a 15-year sale and purchase agreement for 3.76mn mt/yr at a price of 13.36% of Brent oil.

Last month, NAB arrested ex-prime minister of Pakistan Shahid Khaqan Abbasi in connection with the alleged involvement in the same case.