Hascol Petroleum
Hascol Petroleum Limited is a Pakistani oil marketing company which is active in downstream sector. It is based in Karachi, Pakistan.
 | |
| Public | |
| Traded as | PSX: HASCOL |
| Industry | Petroleum |
| Founded | 2001 |
| Founder | Mumtaz Hassan Khan |
| Headquarters | Karachi, Pakistan |
| Products | Oil |
| Website | hascol |
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
- "Hascol Petroleum Limited". May 30, 2019.
- "Hascol to invest $20 million to set up new plant". Daily Times. February 18, 2017.
- Pakistan Today: October 31, 2019: 2020 will be a great year for Pakistan's economy Jahangir
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