Hascol Petroleum

Hascol Petroleum Limited is a Pakistani oil marketing company which is active in downstream sector. It is based in Karachi, Pakistan.

Hascol Petroleum
Public
Traded asPSX: HASCOL
IndustryPetroleum
Founded2001 (2001)
FounderMumtaz Hassan Khan
HeadquartersKarachi, Pakistan
ProductsOil
Websitehascol.com

The company has distribution rights of German lubricating oil Fuchs in Pakistan.[1] In 2017, they announced that the company is investing US$20 million, in collaboration with Fuchs, to setup new plant in Bin Qasim, Karachi.[2]

The company was founded in 2001 and offered initial public offering in 2007.[1]

Vitol, global commodities trader, acquired percent and 15 percent shares in Hascol in 2015 and 2016.[1] In October 2019 Vitol announced that it was raising its shareholding upward to 41%.[3]

See also

References

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