Pakistan Oilfields
Pakistan Oilfields is a Fuel Retail Brands brand from Pakistan.
Last updated August 31, 2026
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Overview
Pakistan Oilfields Limited (POL) is a Pakistani oil and gas exploration and production company headquartered in Rawalpindi, Punjab. Its business is focused primarily on finding and producing petroleum resources in Pakistan, while also encompassing selected processing, marketing and transportation activities connected with the domestic energy sector. The company is listed on the Pakistan Stock Exchange and is associated with the Attock Group of Companies through its parent, the UK-domiciled Attock Oil Company. POL was established in 1950 in the years following the partition of British India. The new Government of Pakistan wanted petroleum exploration to be undertaken by companies incorporated in Pakistan and conducting their activities in the local currency. In response, Attock Oil Company created Pakistan Oil and Gas Exploration and Production, the entity that developed into Pakistan Oilfields. Attock initially held a 70 percent interest. During the early arrangement, Attock Oil Company supplied drilling services without charge, with the understanding that the costs would be reimbursed from profits if exploration produced successful results. A major structural change occurred in 1978, when POL took over Attock Oil Company's exploration and production business. This transfer gave POL a more independent operating role and established the basis for its subsequent investment program. Since then, the company has pursued exploration and production independently and through joint ventures with other oil and gas companies seeking petroleum resources in Pakistan. Its activities reflect the characteristics of an upstream energy producer: exploration, field development, extraction and the handling and movement of crude oil and gas. POL's operations extend beyond crude oil and natural gas production. The company manufactures liquefied petroleum gas (LPG), solvent oil and sulphur. LPG is marketed under the POLGAS brand and also through CAPGAS Limited, a subsidiary. POL additionally operates pipeline infrastructure used to transport its own crude oil and crude produced by other companies to Attock Refinery Limited. This gives the business a role not only in exploration and production but also in parts of the domestic petroleum supply chain. The company's ownership and capital structure have also changed over time. In October 2002, the Government of Pakistan sold its 34.76 percent stake in POL to the general public at PKR 180 per share. In 2005, POL acquired a 25 percent interest in National Refinery Limited, described in the reference material as Pakistan's only refining complex producing fuel products and lube base oils at that time. These developments broadened POL's connections across Pakistan's petroleum industry while retaining its central identity as an exploration and production company. Today, POL is best understood as a Pakistan-focused upstream oil and gas company with related LPG, industrial-product and pipeline activities. Its public listing, relationship with Attock Oil Company and participation in domestic joint ventures place it among the established corporate participants in Pakistan's petroleum sector. Publicly available reference material does not provide enough information here to document current production volumes, reserves, revenue, executive leadership or a detailed field-by-field operating portfolio.
History
Pakistan Oilfields Limited traces its origins to the early petroleum-industry requirements of the new state of Pakistan. After the partition of British India in August 1947, the Government of Pakistan sought to ensure that oil exploration was conducted by companies incorporated in Pakistan and operating in the local currency. This policy environment led Attock Oil Company to establish Pakistan Oil and Gas Exploration and Production in 1950. Attock held a 70 percent shareholding in the new company, which became the corporate predecessor of Pakistan Oilfields Limited. The initial operating arrangement connected the new exploration company closely to Attock Oil Company's technical and drilling capabilities. Attock provided drilling services without immediate charge. Under the arrangement, the expenses were to be reimbursed from the exploration company's profits if drilling resulted in successful discoveries. This structure allowed petroleum exploration to proceed while aligning the financial recovery of drilling costs with commercial success. The decisive organizational change came in 1978. Pakistan Oilfields took over the exploration and production business of Attock Oil Company, effectively assuming a more independent role in the search for and development of petroleum resources. Following that transfer, POL invested independently and also entered joint ventures with other exploration and production companies. Its objective was to identify and develop oil and gas opportunities within Pakistan. Over time, the company developed a broader operating scope than exploration and field production alone. POL became involved in the manufacture of liquefied petroleum gas, solvent oil and sulphur. Its LPG is marketed under the POLGAS name and through CAPGAS Limited, a subsidiary. The company also operates pipeline infrastructure that transports crude oil from its own operations and from other companies to Attock Refinery Limited. These activities connect POL's upstream production base with processing and distribution arrangements in the wider Attock petroleum network. POL's public ownership history includes a significant divestment by the Government of Pakistan. In October 2002, the government sold a 34.76 percent interest in the company to the general public at PKR 180 per share. The transaction increased public participation in the listed company and marked an important change in the composition of its shareholders. In 2005, POL acquired a 25 percent shareholding in National Refinery Limited. The refinery was described in the reference material as the country's only refining complex producing fuel products as well as lube base oils. The investment gave POL an additional connection to the downstream petroleum sector while the company continued to be identified principally with oil and gas exploration and production. POL is headquartered in Rawalpindi, Punjab, and remains listed on the Pakistan Stock Exchange. Its corporate relationship with the UK-domiciled Attock Oil Company and its association with the Attock Group place it within a broader petroleum business structure. The available reference material does not establish a complete chronology of discoveries, field starts, production levels, leadership changes, financial performance or recent strategic initiatives. Those areas require further source verification before they can be added to the historical record.
- 2005
Investment in National Refinery Limited
[1]Pakistan Oilfields acquired a 25 percent shareholding in National Refinery Limited.
- 2002
Government stake sold to the public
[1]The Government of Pakistan sold its 34.76 percent interest in Pakistan Oilfields to the general public at PKR 180 per share.
- 1978
POL takes over Attock's exploration and production business
[1]Pakistan Oilfields assumed Attock Oil Company's exploration and production business and subsequently began investing independently as well as through joint ventures.
- 1950
Predecessor exploration company incorporated
[1]Attock Oil Company incorporated Pakistan Oil and Gas Exploration and Production in response to Pakistan's post-partition requirements for locally incorporated, local-currency petroleum exploration companies.
Products and positioning
Pakistan-focused upstream oil and gas exploration and production company with related LPG, petroleum-product and pipeline activities.
Upstream petroleum
Crude oil
Crude oil is one of POL's core exploration and production outputs. The company searches for and develops petroleum resources in Pakistan and operates pipeline infrastructure used to move its own crude, as well as crude from other companies, to Attock Refinery Limited.
Upstream petroleum
Natural gas
Natural gas is a principal product of POL's upstream oil and gas business. The company has invested in exploration and production activities independently and through joint ventures aimed at finding and developing petroleum resources within Pakistan.
Liquefied petroleum gas
POLGAS
POLGAS is Pakistan Oilfields' branded LPG business. The company markets liquefied petroleum gas under the POLGAS name and also distributes LPG through CAPGAS Limited, its subsidiary.
Petroleum products
Solvent oil
Solvent oil is one of the additional products manufactured by Pakistan Oilfields alongside its core crude oil and natural gas activities. The available reference material identifies the product but does not provide specifications, grades or end-market detail.
Industrial petroleum by-product
Sulphur
Sulphur is included among POL's manufactured products. The available sources do not specify the company's production process, volumes, grades or customer segments.
Brand decisions
2005
Acquisition of a stake in National Refinery LimitedM&ABackground
Pakistan Oilfields was primarily an exploration and production company but also operated related petroleum-product and transport activities.
Action taken
POL acquired a 25 percent shareholding in National Refinery Limited.
Aftermath
The investment expanded POL's participation into a downstream refining business while preserving its upstream core.
Shareholding acquired. 25% (2005)
2002
Public sale of the government's POL stakeStrategyBackground
The Government of Pakistan held a 34.76 percent interest in Pakistan Oilfields.
Action taken
The government sold the 34.76 percent stake to the general public at PKR 180 per share.
Aftermath
The transaction increased public ownership of the listed company.
Offer price per share. PKR 180 (October 2002)
1978
Assumption of Attock Oil Company's exploration and production businessStrategyBackground
Attock Oil Company had established the predecessor of Pakistan Oilfields in 1950 and had supported its early drilling activities.
Action taken
Pakistan Oilfields took over Attock Oil Company's exploration and production business, after which it invested independently and through joint ventures.
Aftermath
The transfer established POL as a more independent exploration and production vehicle within the Attock petroleum group.
Recent events
Attock Group announces Q1 FY20 financial results[3]
Reported:
Attock Group announced financial results for the first quarter of FY20, ending September 30, 2019. The report covered companies under the group, including Pakistan Oilfields, Attock Cement, National Refinery, Attock Refinery and Attock Petroleum.
Sources3 sources
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