Attock Petroleum Limited

Last updated

Attock Petroleum Limited
Company type Public
PSX:  APL
KSE 100 component
Industry Petroleum
Founded1995;30 years ago (1995)
Founder Ghaith Pharaon
Headquarters Rawalpindi, Pakistan
Products Lubricants, LPG, CNG
RevenueIncrease2.svgRs. 487.718 billion (US$1.7 billion) (2023)
Decrease2.svgRs. 18.407 billion (US$64 million) (2023)
Decrease2.svgRs. 12.460 billion (US$43 million) (2023)
Total assets Increase2.svgRs. 107.954 billion (US$370 million) (2023)
Total equity Increase2.svgRs. 45.219 billion (US$160 million) (2023)
OwnerPharaon Investment Group Limited (34.48%)
Attock Refinery Limited (21.88%)
Attock Petroleum Limited Employees Welfare Trust (7.04%)
Pakistan Oilfields Limited (7.02%)
Number of employees
451 (2023)
Parent Attock Oil Company
Website apl.com.pk
Footnotes /references
Financials as of 30 June 2023 [1]

Attock Petroleum Limited (Urdu pronunciation: [a.ˈʈʌkpə.ˈtroʊ.li.əm] ah-TUCK-puh-TROH-lee-uhm) is a Pakistani oil marketing company which is a subsidiary of the UK-domiciled company Attock Oil Company. [2] Based in Rawalpindi, it is the third largest oil marketing company in Pakistan.

Contents

History

Attock Petroleum Limited was incorporated on 3 December 1995 as a public limited company and commenced commercial operations in 1998, one of only four oil-marketing companies to secure an Oil and Gas Regulatory Authority marketing licence that year. [3] [4]

In 2005, Attock was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 57.75. [5] [6]

In 2012, Attock began regular supply of JP-8 and ground fuel to the Pakistan Air Force and Pakistan Army. [4]

In 2017, Attock and Pakistan State Oil commissioned a 10,000-tonne hydrant-fed "Fuel Farm" at the New Islamabad International Airport, the first aircraft-refuelling system in Pakistan. [7]

Operations

Attock operates more than 700 filling stations from Gilgit-Baltistan in the north to coastal Balochistan in the south. It also provides CNG at selected stations. Previously, it also operated two filling stations in Jalalabad and exported white oils and naphtha under the Afghan Transit Trade Agreement. [8]

Products

Attock markets its mainstream petrol under the Premier and Supreme labels and diesel under DieselMax. [3]

See also

References

  1. ↑ "Attock Petroleum Limited Annual Report 2023" . Retrieved 29 August 2024.
  2. ↑ Hussain, Dilawar (8 September 2014). "Attock's rising market share". DAWN.COM.
  3. 1 2 "Attock Petroleum Limited". Business Recorder. 20 March 2025. Retrieved 5 May 2025.
  4. 1 2 "A look at Attock Petroleum". Dawn. 2 December 2012. Retrieved 5 May 2025.
  5. ↑ "Attock Petroleum oversubscribed 18 times". Brecorder. 8 February 2005.
  6. ↑ "Attock Petroleum lists on three bourses". Dawn. 7 March 2005. Retrieved 5 May 2025.
  7. ↑ "PSO, Attock Petroleum: Joint venture builds fuel storage at new airport". The Express Tribune. 18 June 2017. Retrieved 5 May 2025.
  8. ↑ "Oil-marketing company: Attock Petroleum Limited—analysis of financial statements (June 2004–June 2006)". Business Recorder. 5 January 2006. Retrieved 5 May 2025.
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