Pages in category "Oil and gas companies of

Pakistan"
The following 19 pages are in this category, out of 19 total. This list may
not reflect recent changes (learn more).

A K P cont.

 Attock Group of  Khalifa Coastal Refinery  Pakistan State Oil

Companies
M S
 Attock Petroleum
 Attock Refinery  Mari Gas Company  Shell Pakistan

F  Sui Northern Gas

O
Pipelines
 Fauji Foundation  Oil and Gas Development  Sui Southern Gas
 Fuel extraction in Company Company
Pakistan
P T
H
 Pak-Arab Refinery  TransAsia Gas
 Haroon Oils International
 Pakistan Oilfields

I  Pakistan Petroleum

 Pakistan Refinery
 Indus Refinery Limited

Categories: Energy in Pakistan | Companies of Pakistan by industry | Oil

companies by country | Natural gas companies by country

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Shell Pakistan
From Wikipedia, the free encyclopedia

The documented history of Royal Dutch Shell plc in Pakistan dates back to 1903 when partnership
was struck between The Shell Transport & Trading Company and the Royal Dutch Petroleum
Company to supply petroleum to Asia.

In 1928, to enhance their distribution capabilities, the marketing interest of Royal Dutch Shell plc and
the Burmah Oil Company Limited inIndia were merged and Burmah Shell Oil Storage & Distribution
company of India was born. After the independence of Pakistan in 1947, the name was changed to the
Burmah Shell Oil Distribution Company of Pakistan. In 1970, when 51% of the shareholding was
transferred to Pakistani investors, the name of changed to Pakistan Burmah Shell Limited (PBS). The
Shell and the Burmah Groups, retained the remaining 49% in equal propositions. In February 1993, as
economic liberalisation began to take root and the Burmah divested from PBS, Shell Petroleum
stepped into raise its stake to 51%. The years 2001-2 have seen the Shell Petroleum Company
successively increasing its share, with the Group now having a 76% stake in Shell Pakistan Limited
(SPL). Shell supported a project of Pakistani students from National University of Science and
Technology which participated in the Shell Eco-marathon Asia in July 2010 with their Hybrid Car on
frist position named Devrim II.
 Contents
[hide]

• 1 Financial results

• 2 See also

• 3 References

• 4 External links

Financial results
In 2006/7 the profit after tax of Shell Pakistan Limited plunged by 77 percent compared with the
previous year.

Chairman and CEO Shell Pakistan Limited Zaiviji Ismail Bin Abdullah was reported to have said that
“the cash flow constraints resulting from overdue government receivables is the greatest challenge
faced by the company. The timely recovery of these receivables is paramount to sustaining the viability
of this company” The market share of Shell Pakistan Limited dropped to 14 percent from 18 percent in
the year.[1]

See also
References

1. ^ [1]

External links

Wikimedia Commons has

media related to: Royal Dutch
Shell

 Shell Pakistan Limited

 Shell.com – The Royal Dutch/Shell Group of Companies

[hide]v · d · eRoyal Dutch Shell

Asiatic • Australia • Biofuels • Brunei • California • Canada • Chemicals • Gas & Power • Ireland • Mexico • Motiva • Nigeria • Oi
Subsidiaries
Sands • Oman •Pakistan • Qatar • Russia • United Kingdom • United States
 People M. King Hubbert • Fred Meissner • Gale Norton • Jorma Ollila • Rob Routs • Jeroen van der Veer • Peter Voser

Asiatic Petroleum Building • Brent Spar • Mars • Rocky Mountain Arsenal • Scotford Upgrader • Shell Building • Shell Haven • S
Facilities
Centre • Shell Development Emeryville • Shell Mex House • One Shell Plaza • One Shell Square

Controversies Corrib gas controversy • see also Shell Corporate responsibility

Brands Black Magic • Blue Coral • Fix-a-Flat • Gumout • Jiffy Lube • Pennzoil • Quaker State • Rain-X • Shell V-Power

Answer Man • Club • Foundation • Guides • In Situ Conversion • Lennard's Carrying v Asiatic Petroleum • Novelty Service Statio
Other
Sign • Turbo Chargers

Annual revenue $458.361 billion USD (2008) · Employ

Financial results
In 2006/7 the profit after tax of Shell Pakistan Limited plunged by 77 percent compared with the
previous year.

Chairman and CEO Shell Pakistan Limited Zaiviji Ismail Bin Abdullah was reported to have said
that “the cash flow constraints resulting from overdue government receivables is the greatest
challenge faced by the company. The timely recovery of these receivables is paramount to
sustaining the viability of this company” The market share of Shell Pakistan Limited dropped to 14
percent from 18 percent in the year.[1]

See also
References

1. ^ [1]

External links

Wikimedia Commons has

media related to: Royal Dutch
Shell

 Shell Pakistan Limited

  Shell.com – The Royal Dutch/Shell Group of Companies

Type Public (KSE: PSO)

Industry [Oil companies

Founded 15 January 1985

Headquarters Karachi

Key people Sardar M. Yasin Malik, Chairman

Jahangir Ali Shah, Managing Director

Products Oil, Natural gas,Petrochemicals

Revenue PKR 349.7 Billion (2007)

Net income PKR 4.7 Billion (2007)

Owner(s) Government of Pakistan

Employees 2,000

Website www.psopk.com/

Pakistan State Oil (PSO) is the oil market leader in Pakistan. Its well established infrastructure,
built at par with international standards, represents 82% of country’s storage. [1]

Contents
[hide]
 • 1 History

• 2 Privatisation Initiative

• 3 See also

• 4 References

• 5 External links

[edit]History

A typical PSO station in Pakistan

PSO came into being in the mid-1970s when the Government of Pakistan amalgamated three “Oil
Marketing Companies”: Esso Eastern, Pakistan National Oil (PNO) and Dawood Petroleumas
part of its “Nationalization Plan”.

From 1999 to 2004, PSO had undergone radical changes, both internal and external and has
emerged with a new look and as a market leader with a long term vision. The company is the only
public sector entity in Pakistan that has been competing effectively with three foreign
multinationals, Shell, Caltex and Total.

PSO is currently enjoying over 73% share of Black Oil market and 59% share of White Oilmarket.
It is engaged in import, storage, distribution and marketing of various POL products
including mogas, high speed diesel (HSD), fuel oil, jet fuel, kerosene, liquified petroleum
gas(LPG), compressed natural gas (CNG) and petrochemicals. PSO also enjoys around 35%
market participation in lubricants and is blending/marketing Castrol brands, in addition to a wide
array of its own.

It is considered as one of the most successful mergers in the history of Pakistan. The company
has retail coverage of over 3,800 outlets, representing 80% participation in total industry network.
The company has been the winner of Karachi Stock Exchange Top Companies Award for
many years and is a member of World Economic Forum.

PSO serves a wide range of customers throughout Pakistan including retail, industrial, aviation,
marine and government/defence sectors. PSO has been meeting the country’s fuel needs by
merging sound business sense with national obligation.

[edit]Privatisation Initiative
The Pakistani Government holds approximately 54% stake in Pakistan State Oil, including both
direct holdings of the Federal Government and indirect holdings through government owned
institutions. The Government is currently in the advanced stages of divesting 51% of its stake in
PSO to a strategic investor.

Read more about Privatisation and Financial Reports

 Privatisation Commission

[edit]See also

 Karachi Stock Exchange

[edit]References

1. ^ About Us : Pakistan State Oil

[edit]External links

 Official website

[hide]v · d · e KSE-30 companies of Pakistan

Pakistan Telecommunication Company · Pakistan State Oil Company · Pakistan Petroleum · Oil & Gas Development Company · Fauji Fertilizer Compa

Company · MCB Bank · Pakistan Oilfields · National Bank of Pakistan · Sui Northern Gas Pipelines · Engro Chemical Pakistan · P.I.C.I.C ·Fauji Fertilize

Khan Cement Co. · Bank of Punjab · Askari Commercial Bank · Nishat Mills · Faysal Bank · Sui Southern Gas Company · Soneri Bank ·Unilever Pakista

Addu Power Company · Union Bank · National Refinery · Bank Alfalah Limited · Pakistan PTA · Adamjee Insurance Company ·Fauji Cement Company
The Attock Petroleum Limited (APL) is one of four oil marketing
companies in Pakistan to be granted a license (in February, 1998).
Attock Petroleum is part of the Attock Group of Companies, which
is the only fully integrated group in the oil & gas sector
of Pakistan involved
inexploration & production, refining & marketing. Attock
Petroleum's corporate head office is registered in Islamabad.
APL is one of the fastest growing oil marketing companies in
Pakistan[citation needed], having successfully established its network of
petrol pumps in NWFP & Punjab. APL is presently strengthening
its presence in major urban areas such as Karachi, upper Punjab
andAfghanistan.
APL outlets are fully equipped with modern hardware and service
techniques to provide extraordinary service[clarification needed] to
customers, including CNG at selected stations. Other facilities like
tire shop, mosques, and rest areas are also on-site.
In order to further increase its market penetration, APL has recently
entered into a hospitality arrangement with other oil marketing
companies to focus on retail development in high volume
generating areas (e.g. major cities and highways). In line with this
objective, APL has already applied for the required Non-Objection
Certificates (NOC’s) for prime locations in
Islamabad,Lahore and Peshawar.
For better controls and improved customer service at sites, APL
also operates a quality assurance unit, for on-site testing of
petroleum products. Currently APL has 149 outlets in Pakistan.
[citation needed]

APL has also opened two petrol stations in Jalalabad, making APL
the first oil marketing company in Afghanistan.
[edit]==========================

The Haroon Oils Limited (HOL), is one of the leading company in Pakistan, engaged in the
business of blending and marketing of lubricating oils and greases since 1964. The Company
was incorporated as a Public Limited Company on May 30, 1964 and is listed on
the Karachi &Lahore Stock Exchanges.

Pakistan Petroleum Limited (PPL) is one of the pioneer exploration and production (E&P) companies in
Pakistan oil and gas sector. On behalf of the Government of Pakistan (GoP), the Privatisation Commission
(PC) is proceeding with a strategic sale of 51% shareholding in PPL along with transfer of management
control.

Merrill Lynch International and KASB Securities (Pvt.) Ltd. (KASB) have been appointed as the Financial
Advisor (FA) for the strategic sale. In July 2004, the GoP successfully concluded an offer for sale and initial
public offering of 15% shares of PPL on the domestic stock exchanges.

The PC invited Expressions of Interests (“EOIs”) from interested parties on February 17, 2005. The Parties
submitting EOIs were requested to submit and Statements of Qualifications (“SoQs”) by April 30, 2005
whereby eleven parties submitted SoQs to the Privatisation Commission. Six parties were pre-qualified to
continue to the next stage of the privatisation process. As of August 2006 three pre-qualified parties were
ready to proceed for the bidding. However, the privatisation process is being reviewed in the light of the
supreme Court's judgment in the Pakistan Steel Mills case.

Company Overview

PPL was incorporated in June 1950 with the Burmah Oil Company (renamed Burmah Castrol) and GoP as its principal
shareholders.

After more than 50 years of successful operations PPL continues to be a prominent E&P player in Pakistan with:

Sui, Pakistan’s oldest and largest gas field discovered and operated by PPL,
contributing 25% of Pakistan’s gas production;
Remaining proven plus probable (2P) reserves of 6.9 tcf gas and 39.6 mmstb
oil/NGL) as of June 30 2005;
Average FY2005 production of 948 MMcfd of natural gas and 1,759 bbld of crude
oil/NGL;
FY2005 revenues of PKR 23,294 million (US$ 388 million) and profit after tax of PKR
8,623 million (US$ 144 million);
Significant portfolio of non-operated assets, including Qadirpur, Sawan and Miano,
Block-22 and Tal;
Strong exploration track record and prospective exploration portfolio, and
Replacement of PPL’s 1982 Gas Price Agreement (GPA) with the 2002 GPA allowing
gas price increases under a phased 5-year program starting July 2002.

Company History

PPL was incorporated on June 5, 1950 whereby the company inherited the assets and liabilities of the Burmah Oil
Company Limited and commenced operations on July 1, 1952. At the time of incorporation, the Burmah Oil Company
held the majority stake of 70% with GoP accounting for 30% stake and the balance held by private Pakistani
shareholders. Burmah Oil divested 6% of its shares to the International Finance Corporation (IFC) in 1982, whereas in
1997 it sold the remaining shareholding to the GoP.

In July 2004, the Government successfully concluded a 15% offer for sale and IPO of the company on the domestic
stock exchanges at PKR 55 per share. The basic issue was for 10% shares with a green-shoe option of another 5% and
the entire issue was 3.7 times oversubscribed. The current shareholders of PPL are the Government of Pakistan
(78.35%), International Finance Corporation (6.09%) and institutional and individual investors (15.56%).

Organization
The Company’s holds operatorship of major oil and gas fields including Sui, Kandhkot,
Adhi and Mazarani, while its non-operated portfolio includes interests in the Qadirpur,
Miano, Sawan and Tal fields. The Company’s exploration portfolio includes operated and
non-operated joint ventures in 10 onshore blocks and 2 offshore blocks.

PPL holds joint ownership with the Government of Balochistan in Bolan Mining
Enterprises (BME), which is involved in the business of mining exploratory well-drilling
grade barite powder. BME is the operator of the Gunga barytes mine in Baluchistan.
Share of profit in BME at year end June 30, 2005 was PKR 29.263 million.

PPL’s head office is located in Karachi. The company’s total staff strength is about 2,536
employees including 640 management staff and 1,896 non-management staff.

Reserves and Production

The proven plus probable remaining recoverable reserves (2P) of PPL operated and non-
operated interests as of June 30, 2005 were 6.9 trillion cubic feet of gas and 39.6 million
standard barrels of oil/NGL. For the FY 2005, PPL’s average production was 948
mmcf/d gas and 1,759 bbl/d oil. The company’s share in average production from its
operated and non-operated joint venture fields are as follows:

PPL Production
FY 2003 FY 2004 FY 2005
Oil/NGL (barrels per day) 1,353 1,697 1,759
Natural Gas (million cubic feet per day) 910 942 948

Financial Data

PPL has an authorized share capital of Rs. 10 billion. The issued, subscribed and paid-up
capital is Rs. 6,860 million (686 million shares issued at a par value of PKR 10). The key
financial highlights of PPL are given below.

PPL Financial Data

(PKR mln) FY 2003 FY 2004 FY 2005
Sales less Government levies 12,181.32 17,667.51 23,294.17
Operating Costs 7,638.57 8,216.24 9,624.92
Profit before taxation 4,839.36 9,063.47 13,474.99
Profit after taxation 4,190.45 6,617.40 8,623.152
Total Assets 20,451.03 25,340.07 31,791.80
Shareholder's Equity 10,805.73 14,336.89 21,245.44
Total Liabilities 9,645.30 11,003.18 10,546.36

Source: PPL Audited accounts for FY 2005

Key Contacts
Mr. Shahid Akbar
Consultant
Ministry of Privatisation
5-A, Constitution Avenue
Islamabad, Pakistan
Phone: (92-51) 9203881
Fax: (92-51) 9203076
E-mail: shahid@privatisation.gov.pk
Mr. Scott Lewis
Director, Investment Banking
Merrill Lynch International
Merrill Lynch Financial Centre
2 King Edward Stree
EC1A 1HQ London
Phone: +44 2079 953 838
Fax: +44 2079 950 942
E-mail: scott_lewis@ml.com
Mr. S. Munsif Raza
Chief Executive / Managing Director
Pakistan Petroleum Limited
PIDC House, Dr. Ziauddin Ahmed Road, Karachi,
Pakistan
Phone: (92-21) 5681391-5
Fax: (92-21) 5680005
Mr. Farid Masood
Head, Investment Banking
KASB Bank Ltd.
Business & Finance Centre
First Floor, I.I. Chundrigar Road
Karachi Pakistan
Phone: (92-21) 2631770
Fax: (92-21) 2211853
E