Attock Petroleum Limited Explained

Traded As:
KSE 100 component
Attock Petroleum Limited
Type:Public
Founder:Ghaith Pharaon
Location:Rawalpindi, Pakistan
Industry:Petroleum
Products:Lubricants, LPG, CNG
Parent:Attock Oil Company

Attock Petroleum Limited (APL) (Urdu: اٹک پیٹرولیم) is Pakistani oil marketing company which is a subsidiary of the UK-domiciled company Attock Oil Company. It is based in Rawalpindi, Pakistan.[1] [2]

History

Attock Petroleum started its operations in 1998 and is third largest oil marketing company in Pakistan as of 2018.[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]

It has filling stations in Federal Capital Territory, Khyber Pukhtunkwa, Kashmir, Gilgit Baltistan, Balochistan, Punjab and Sindh. It also provides CNG at selected stations. Other facilities include tire shop, mosques, and resting areas.[3] [2]

The company also opened two filling stations in Jalalabad, making it the first Pakistani oil marketing company in Afghanistan.[3]

Company products

Notes and References

  1. News: Attock Petroleum profit rises 38pc to Rs5.3bn. 12 September 2017. Dawn (newspaper). 16 September 2020.
  2. Web site: PSO, Attock Petroleum: Joint venture builds fuel storage at new airport (Islamabad)- The Express Tribune. 16 June 2017. 16 September 2020.
  3. Web site: Company Profile.
  4. https://www.dawn.com/news/768418 A look at Attock Petroleum
  5. Web site: Attock Petroleum oversubscribed 18 times. 8 February 2005. Brecorder.
  6. Web site: Attock's rising market share. Dilawar. Hussain. 8 September 2014. DAWN.COM.