About:
Pakistan Petroleum Limited (PPL) is a state-owned oil and gas company based in Karachi, Pakistan. Established on June 5, 1950, the company inherited the assets of the Burmah Oil Company Ltd. and became a major player in Pakistan’s energy sector. PPL operates key oil and gas fields, including the Sui gas field, and has interests in both onshore and offshore exploration projects. The company is majority-owned by the Government of Pakistan, holding 67.51% of the shares.
Diverse Portfolio:
PPL operates in the energy sector, with a focus on petroleum and natural gas. It provides a variety of products, including motor fuels, aviation fuels, and natural gas. The company also manages several subsidiaries, such as:
- Bolan Mining Enterprise
- PPL Europe E&P Limited
- PPL Asia E&P B.V.
- Pakistan Petroleum Provident Fund
Innovation and Growth:
PPL has made significant advancements in the oil and gas industry, including discovering new oil and gas deposits in Sindh and Balochistan in 2019. These discoveries highlight PPL’s ongoing efforts to contribute to Pakistan’s energy sector. Despite challenges, such as the loss of PKR 6.21 billion due to an acquisition in 2012, PPL continues to expand its exploration and production efforts both domestically and internationally.
Legacy and Leadership:
PPL has seen notable leadership over the years, with key figures such as Imran Abbasy, the CEO, and Shahab Rizvi, the Chairman. The company has played a crucial role in Pakistan’s energy sector for over 70 years and remains a key contributor to the national economy.
Commitment to Excellence:
With a legacy of over seven decades, Pakistan Petroleum Limited remains a vital force in Pakistan’s oil and gas industry. It continues to focus on sustainable energy management, operational efficiency, and expanding its exploration footprint.
