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Pakistan State Oil Company Limited is a Pakistani petroleum public company involved in procurement, storage, marketing and distribution of petroleum and related products. [ 3 ] [ 4 ] It has a network of 3,689 petroleum filling stations , out of which 3500 outlets serve the public retail sector and 189 outlets serve wholesale bulk customers.
The Inland Freight Equalization Margin (IFEM) is a regulatory measure implemented in Pakistan to equalize the price of petroleum products across different regions of the country. [ 1 ] [ 2 ] It includes the costs for refineries to transport crude oil from its source to their facilities, as well as the expenses for Oil Marketing Companies (OMCs ...
In 2004, OGDCL was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 32 per share. [11] On 4 May 2009, the government of Pakistan appointed a Citigroup-led consortium to advise the state-run Privatisation Commission on the sale of 10 to 15 percent (or 430 to 645 million shares) of the company ...
Attock Petroleum started its operations in 1998 and is third largest oil marketing company in Pakistan as of 2018. [5] [2] In 2005, Attock was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 57.75. [6] [7]
Pakistan Petroleum Limited (PPL) is a Pakistani state-owned petroleum company headquartered in Karachi. It operates major oil and gas fields, including the Sui gas field , has non-operating interests in other fields, and has an interest in an exploration portfolio onshore and offshore.
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.
Hub Plant (1,292 MW) is located 60 km from Karachi in Hub. The electricity at Hub is generated by four 323 megawatt oil-fired units that are supplied by a 78 km long pipeline from Pakistan State Oil. It consists of four generating units, each unit has capacity of 323 MW gross output, with an oil-fired single re-heat boiler and tandem compound ...
The construction of the 347-mile pipeline with a 16-inch diameter and a capacity of 110 million cubic feet of gas per day was carried out by Pakistan Constructors, a joint venture between Morrison–Knudsen and William Press Ltd. [3] The project commenced in July 1954 and was completed by April 1955. [3]