Pakistan Oilfields Limited (POL) is a leading oil and gas exploration and production company listed on Pakistan Stock Exchange. The Company's prime focus is to deliver performance through excellence in the field of exploration, drilling and production of crude oil and gas.
Pakistan Oilfields Limited (POL), a subsidiary of The Attock Oil Company Limited (AOC), was incorporated on November 25, 1950. AOC was founded in 1913 and made its first oil discovery in 1915 at Khaur, District Attock. AOC has, therefore, pioneered exploration and production of oil and gas in this region nearly a century ago. In 1978, POL took over the exploration and production business of AOC. 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.
In addition to exploration and production of oil and gas, POL also manufactures LPG, Solvent Oil and Sulphur. POL markets LPG under its own brand named POLGAS as well as through its subsidiary CAPGAS (Private) 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 2005, the Company acquired a 25% share in National Refinery Limited, which is the only refining complex in the country producing fuel products as well as lube base oils.
- Stock Exchange Symbol: POL
- Company Status: Listed Company
- CUIN Registration#::0000408
- National Tax#:0657658-3
- Sales Tax Reg.#: 07-03-2802-001-46
SUBSIDIARY - CAPGAS (PRIVATE) LIMITED
Capgas (Private) Limited (CAPGAS) is a subsidiary of Pakistan Oilfields Limited. CAPGAS was incorporated on June 04, 1989 and commenced its operations in March 1991.
CAPGAS is engaged in storage, filling and distribution of Liquefied Petroleum Gas (LPG) and receiving LPG from Adhi field operated by PPL and PARCO. CAPGAS utilizes its own bowzer to transport PARCO LPG from Mahmood Kot to Adhi.
CAPGAS has a vast distribution and marketing network in Punjab, KPK/FATA, Azad Jammu Kashmir and Gilgit Baltistan, fulfilling the fuel requirements of over 92,000 consumers.
CAPGAS has introduced excellent quality imported cylinders which are made to the highest specifications under third party inspection. CAPGAS has an electronic filling system to provide full weight of 11.8 Kg, 15 Kg & 45.4 Kg of LPG in cylinders to its consumers. CAPGAS has imported computerized filling control system from Denmark. It has been installed with eight electronic filling machines, the activity of which is now being controlled and monitored through this system. The system also caters for recording filling data in respect of these machines which is also retrieved for office purposes.
The Company has a paid up capital of Rs.6.75 million, 51% of which is being held by Pakistan Oilfields Limited.