Attock Oil Company

Attock Oil Company, informally called Attock Group, also known as Pharaon Group, is a UK-domiciled conglomerate company based in Manchester, England, United Kingdom.[3] It is the sole vertically integrated oil conglomerate company active in Pakistani market.[4]

Attock Oil Company
Holding
IndustryPetroleum
Founded1913 (1913)
FounderGhaith Pharaon[1]
HeadquartersManchester, England, United Kingdom
Revenue US$ 4.11 billion (2012–2013)[2]
Number of employees
Over 10,000
SubsidiariesAttock Cement
Attock Petroleum Limited
Attock Refinery Limited
National Refinery Limited
Pakistan Oilfields Limited
Websitethe-aoc.com

The group is owned by Pharaon Family.[1][5]

History

Attock Oil Company Limited (AOC) was incorporated in England on 1 December 1913, and extended into Pakistan as a branch office of a foreign company for principal business of exploration, drilling and production of petroleum products.

AOC met its first oil discovery in 1915 at Khaur, Attock District. Thereafter,  AOC made significant contributions in promoting oil and gas exploration in the country by opening up the Potwar Basin as a new oil province. The Potwar Basin remained the only oil producing basin in Pakistan till the early 1970s.

In 2004, the company invested US$400 million in Pakistan.[6] It included: petroleum pipeline from Machike, Lahore to Taru Jabba, Peshawar, and a 150 MW power plant in Rawalpindi District.[6]

Subsidiaries

The Attock Oil Company consists of the following companies:

Listed
gollark: Sure! Note that we reserve the right to offer arbitrary sets of bees of equivalent cardinality instead.
gollark: `systemctl enable --now syncthing@[user]`, assuming you're on a systemduous distribution, which you probably are.
gollark: It's not my fault if you're just bad at listening to my good, excellent advice.
gollark: Just use the service, utter.
gollark: This is just Macron but in hardware.

References
  1. "Attock Group to invest in Pakistan". 12 April 2004.
  2. "For Attock Group, refinery wing grows, petroleum, exploration drag profitability - The Express Tribune". 17 April 2013.
  3. https://the-aoc.com/contact.php
  4. "Corporate results: Attock Group records Rs22.6b profits - The Express Tribune". 16 August 2014.
  5. Correspondent, Our Equities (12 September 2017). "Attock Petroleum profit rises 38pc to Rs5.3bn".
  6. "Attock Oil Co okays $400m investment". DAWN.COM. 15 March 2004.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.