Pakistan Oilfields Limited

Pakistani oil and gas exploration company

Pakistan Oilfields Limited

Company type| Public

Traded as

| PSX: POL
KSE 100 component
KSE 30 component
Industry| Petroleum
Founded| 1950; 74 years ago (1950) at Attock, Pakistan
Headquarters|

Rawalpindi, Pakistan

Area served

| Pakistan

Key people

| Shoaib A. Malik (Chairman and CEO)
Revenue|  Rs. 60.95 billion (US$210 million)[1] (2023)

Operating income

|  Rs. 49.65 billion (US$170 million)[1] (2023)

Net income

|  Rs. 13.20 billion (US$46 million)[1] (2023)
Total assets|  Rs. 159.03 billion (US$550 million)[1] (2023)
Owner| Attock Oil Company (52.77%)

Number of employees

| 687[1] (2023)
Parent| Attock Oil Company
Subsidiaries| National Refinery Limited (25%)
Website| pakoil.com.pk

The Pakistan Oilfields Limited (Urdu: پاکستان آئل فیلڈز) 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, it 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 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 October 2002, the Government of Pakistan sold its 34.76 percent stake in Pakistan Oilfields to general public for PKR 180 per share.[6][7]

In 2005, Paksitan Oilfields acquired a 25 percent share in National Refinery Limited, which is the only refining complex in the country producing fuel products as well as lube base oils.[8][4]

## See also

[edit]

* Pakistan portal
* Energy portal

* Attock Group of Companies

## References

[edit]

1. ^ a b c d e "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. ^ Profile of Pakistan Oilfields Limited on Business Recorder (newspaper) Published 22 January 2019, Retrieved 21 June 2021
6. ^ https://privatisation.gov.pk/Detail/NTU0ZjE1NGQtNmYzNC00NWZjLWIxZTEtYWMzMzliYzFhNzk4 [bare URL]
7. ^ https://www.upstreamonline.com/weekly/pakistan-puts-sell-off-drive-into-first-gear/1-1-907951 [bare URL]
8. ^ "National Refinery Limited shareholding pattern".

## External links

[edit]

* Company Information of Pakistan Oilfields Limited
* Pakistan Oilfields Limited

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As of September 2024

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