Pakistan Oilfields Limited

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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

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]