Introduction of Pakistan State Oil

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  • Topic: Petroleum, Fuel oil, Diesel fuel
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  • Published : December 21, 2012
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INTRODUCTION

Pakistan State Oil (PSO) is the oil market leader in Pakistan enjoying over 78.2% share of Black Oil market and 54.3% share of White Oil market. It is engaged in import, storage, distribution and marketing of various POL products, including Mogas, Diesel, Fuel Oil, Jet Fuel, Kerosene, LPG, CNG and petro-chemicals. This blue chip company, the winner of "Karachi Stock Exchange Top Companies Award" and a member of World Economic Forum, has been a popular topic of case studies in Pakistan and abroad based on its radical corporate turnaround over the last few years. PSO is the market chief in Pakistan’s energy sector. The company has the largest network of retail outlets to serve the automotive sector and is the major fuel supplier to aviation, railways, power projects, armed forces and agriculture sector. PSO also provides Jet Fuel to Refueling Facilities at 9 airports in Pakistan and ship fuel at 3 ports. The key responsibility of PSO is distribution and marketing of various POL products, including Mogas (Motor Gasoline), HSD, Fuel Oil, Jet Fuel, Kerosene, LPG, CNG and petro-chemicals. It is also the largest Pakistani enterprise having an annual turnover of more than Rs 18.72 billion for approximately Rs.54 million per day. The head office that is called “PSO HOUSE” located in Clifton just after the Clifton Bridge. The building is newly constructed and inspiring one it gives the reflection that the company and the people are fast moving in the right direction ready to meet the challenges of the 21st century.

PSO is the market leader in Pakistan’s energy sector. The company has the largest network of retail outlets to serve the automotive sector and is the major fuel supplier to aviation, railways, power projects, armed forces and agriculture sector. PSO also provides Jet Fuel to Refueling Facilities at 9 airports in Pakistan and ship fuel at 3 ports. The company takes pride in continuing the tradition of excellence and is fully committed to meet the energy needs of today and rising challenges of tomorrow. Pakistan State Oil, the largest oil marketing company in the country, is currently engaged in storage, distribution and marketing of various POL products. The company’s current market share of 78.2% in the black oil market and 54.3% share in the white oil market, alone speak volumes about its success.

Divisions of PSO

The PSO is divided into three zones:

1. The south zone comprises the cities of Southern Pakistan. I) KarachiII) Quetta
III) SukkurIV) Hyderabad

2. The central zone comprises the Central cities of Pakistan. I) LahoreII) Multan
III) SahiwalIV) Faisalabad

3. The north zone comprises the cities of Northern Pakistan. I) PeshawarII) Rawalpindi
III) Dera Ismail Khan (D.I. Khan)IV) Jhelurn

PSO Share Holders

PSO’s equity share is presently as follows:

* Federal Government25.51%
* Financial institutions and Banks 33.97%
* Individuals17.86%
* Foreign Investors15.42%
* Others7.4%

PSO Terminals

Terminal is defined as “Storage connected through pipeline to the source of oil”. The PSO have four Oil Terminals all over the country, i-e

1. Keamari Terminal “A”: (KTA)
Connected to the NRL, PRL and also to the Jetty through which imported products are pumped to KT “A”.

2. Keamari Terminal “B”: (KTB)
Connected to Jetty, NRL and PRL and concerned with all Petroleum Products including Jet Fuel, Furnace Oil, SKO, HSD and chemicals

3. Keamari Terminal “C”: (KTC)
KTC is connected to the NRL, PRL and also to the Jetty but mainly concern with Furnace Oil, HOBC, HSD and LDO.

4. Zulfiqarabad oil Terminal (ZOT)
Connected with FOTCO and jetty deals in LSFO, HSFO and HSD

PSO Blending Plants

PSO has only two blending plant which is fulfilling the need of its customer. * Blending Plant at KTA.
* Lubricant Manufacturing Terminal at Korangi Industrial Area.

HISTORY

The creation of...
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