Pakistan Oilfields Limited

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Pakistan Oilfields Limited
Company typePublic
PSXPOL
IndustryPetroleum
Founded1950; 74 years ago (1950) at Attock, Pakistan
Headquarters
Rawalpindi, Pakistan
Area served
Pakistan
Key people
Shoaib A. Malik (Chairman and CEO)
RevenueIncrease Rs. 60.95 billion (US$210 million)[1] (2023)
Increase Rs. 49.65 billion (US$170 million)[1] (2023)
Increase Rs. 13.20 billion (US$46 million)[1] (2023)
Total assetsIncrease Rs. 159.03 billion (US$550 million)[1] (2023)
Number of employees
687[1] (2023)
ParentAttock Oil Company (52.77%)[1]
Websitepakoil.com.pk

The Pakistan Oilfields Limited (Urdu: تنصیباتِ تیل ، پاکستان) 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.[2]

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.[3][4]

History[edit]

Pakistan Oilflelds Limited was incorporated on 25 November 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.[5] 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.[5][4]

See also[edit]

References[edit]

  1. ^ a b c d e f "POL Annual Report 2023" (PDF). pakoil.com.pk. Retrieved 6 December 2023.
  2. ^ "Pakistan Oilfields discovers hydrocarbon". The News international (newspaper). 5 October 2017. Retrieved 21 June 2021.
  3. ^ Pakistan Oilfields profit rises 27 percent Dawn (newspaper), Updated 28 January 2017, Retrieved 21 June 2021
  4. ^ a b Pakistan Oilfields Limited - stock quote and company business summary on MarketScreener.com website Retrieved 21 June 2021
  5. ^ a b Profile of Pakistan Oilfields Limited on Business Recorder (newspaper) Published 22 January 2019, Retrieved 21 June 2021

External links[edit]