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Pakistan Oilfields Limited

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The Pakistan Oilfields Limited is a Pakistani Oil & Gas Exploration Company having its registered office at Rawalpindi, Punjab Province, Pakistan.[2][3]

Pakistan Oilfields Limited
Public Listed
Company
Traded asPSXPOL
IndustryOil and gas industry
GenreOil and gas exploration
Founded1950; 69 years ago (1950) at Attock, Pakistan[1]
Headquarters
Rawalpindi, Pakistan
Area served
Pakistan
ParentAttock Oil Company
Websitepakoil.com.pk

Pakistan Oilfields Limited (POL), a subsidiary of The Attock Oil Company Limited (AOC), was incorporated on November 25, 1950.

It is a public listed company and is a subsidiary of the Attock Group of Companies.[1]

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.[4]

HistoryEdit

Pakistan Oilflelds Limited (POL), a subsidiary of The Attock Oil Company Limited (AOC), was incorporated on November 25, 1950. AOC was founded in 1913 and made its first oil discovery in 1915 at Khaur, District Attock. AOC has, therefore, pioneered exploration and production of oil and gas in this region nearly a century ago. In 1978, POL took over the exploration and production business of AOC. 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.

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.[3] 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.[3]

See alsoEdit

ReferencesEdit

  1. ^ a b Rehman, Adeel. "Pakistan Oilfields Limited - Company Information". www.pakoil.com.pk.
  2. ^ "Pakistan Oilfields discovers hydrocarbon". www.thenews.com.pk.
  3. ^ a b c Company Overview of Pakistan Oilfields Limited on Bloomberg.com website, Retrieved 3 November 2017
  4. ^ Pakistan Oilfields profit rises 27 percent Dawn (newspaper), Updated 28 January 2017, Retrieved 3 November 2017

External linksEdit