Pakistan State Oil Co. Ltd. history, company profile (overview) and corporate video
Pakistan State Oil Company Limited (PSOCL) (قومی تیل پاکستان) is an energy company headquartered in Karachi, Pakistan. It has investments in storage, refining, aviation, lubricants, and pipeline businesses.
PSO is engaged in the sourcing, marketing, and distribution of various POL products, including Hi-Octane (HOBC), Premium Motor Gasoline (PMG), High-Speed Diesel (HSD), Furnace Oil (FO), Jet Fuel (JP-1), Kerosene, LNG, LPG, and Lubricants.
HISTORY
PSO’s history began in 1974 when the federal government of Pakistan formed Premier Oil Company Limited (POCL) after the merger of PNO (Pakistan National Oil) and DPL (Dawood Petroleum Limited).
In 1976, the government merged POCL (Premier Oil Company Limited) and SOCL (State Oil Company Limited) to form Pakistan State Oil Company Limited (PSOCL).
State Oil Company Limited (SOCL) was incorporated by the government as Petroleum Storage Development Corporation (PSDC) in 1974 and renamed SOCL in 1976.
PSO GROUP COMPANIES
Pakistan State Oil is the holding company of the PSO Group.
Subsidiaries:
- Pakistan Refinery Limited
- Asia Petroleum Limited
- Pak Grease Manufacturing Company (Private) Limited
PSO Group owns a distribution network comprising 3,500+ retail outlets, depots, refueling facilities, lubricant manufacturing facilities, and LPG storage & bottling facilities. In addition to retail customers, it provides energy products and services to more than 2,000 industrial units, business houses, power plants, and airlines.
With more than 2,000 employees, Pakistan State Oil Company Limited (PSO) is considered one of the largest energy companies in Pakistan. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.psopk.com.
**Video published on YouTube by “PSO Pakistan“