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Wafi Energy Pakistan Limited, doing business as Shell, is a Pakistani oil marketing company based in Karachi. [2] [3] It is a subsidiary of Wafi Energy Holding, a Saudi Arabian oil and gas company. [4] Previously, it was a part of Shell plc.
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.
Sui gas field was discovered in 1952 and is PPL's flagship natural gas project. [9] It is under the depletion phase, gas sales during the financial year 2010–2011 were 170.8 billion cu ft (4.84 billion m 3) against 177.6 billion cu ft (5.03 billion m 3) in 2009–2010. Production commenced from two development wells and a third well spud-into ...
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.
Cnergyico operates a network of more than 475 petrol pumps located in all the major cities, towns, and highways of Pakistan. [18] Upon completion of the acquisition of Puma Energy, Cnergyico will become the largest fuel retailer of Pakistan in the private sector with a retail network of approximately 1,000 petrol pumps. [ 19 ]
The Largest Gas Producing province of Pakistan is Baluchistan. The Sui gas field is the biggest natural gas field in Pakistan. It is near Sui in Balochistan. The gas field was discovered in the late 1952 and the commercial exploitation of the field began in 1955. Sui gas field accounts for 6% of Pakistan's gas production. [14]
Hascol Petroleum was founded in 2001 and offered initial public offering in 2007. [3] In 2005, it received oil marketing license from the government. [4]In 2014, Hascol was listed on the Karachi Stock Exchange. [4]
In response, the Government of Pakistan approached private sector companies operating in the country, including Shell Pakistan and Esso, proposing a joint venture to build a refinery in Karachi. [6] The private companies, seeking to protect their profits from oil imports, agreed to the government's proposal as an alternative to accepting the ...