Pakistan Oilfields Limited

The Pakistan Oilfields Limited is a Pakistani oil and gas exploration company which is a subsidiary of UK-domiciled Attock Oil Company. It is based in Rawalpindi, Punjab Province, Pakistan.[3][4]

Pakistan Oilfields Limited
Public
Traded asPSX: POL
IndustryPetroleum
Founded1950 (1950) at Attock, Pakistan[1]
Headquarters
Rawalpindi, Pakistan
Area served
Pakistan
ParentAttock Oil Company (52.75%)[2]
Websitepakoil.com.pk

In 1978, Pakistan Oilfields took over the exploration and production business of Attock Oil Company. Since then, Pakistan Oilfields has been investing independently. Pakistan Oilfields is a leading oil and gas exploration and production company listed on Pakistan Stock Exchange.[5]

History

Pakistan Oilflelds Limited was incorporated on November 25, 1950.

In 1978, the POL was horizontically integration and took over the exploration and production business of Attock Oil Company. Since then, POL has been investing independently and in joint venture with various exploration and production companies for the search of oil and gas in the country.[4] In addition to exploration and production of oil and gas, POL also manufactures Liquefied petroleum gas (LPG), Solvent Oil and Sulphur. POL markets LPG under its own brand named POLGAS as well as through its subsidiary CAPGAS (Private) Limited. POL also operates a network of pipelines for transportation of its own as well as other companies' crude oil to Attock Refinery Limited. In 2005, the Company acquired a 25% share in National Refinery Limited, which is the only refining complex in the country producing fuel products as well as lube base oils.[4]

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See also
  • Attock Group of Companies

References
  1. Rehman, Adeel. "Pakistan Oilfields Limited - Company Information". www.pakoil.com.pk.
  2. https://fp.brecorder.com/2019/01/20190122441379/
  3. "Pakistan Oilfields discovers hydrocarbon". www.thenews.com.pk.
  4. Company Overview of Pakistan Oilfields Limited on Bloomberg.com website, Retrieved 3 November 2017
  5. Pakistan Oilfields profit rises 27 percent Dawn (newspaper), Updated 28 January 2017, Retrieved 3 November 2017
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