Pakistan Petroleum
Pakistan Petroleum Limited (PPL) (Urdu: پاکستان پیٹرولیم لمیٹڈ) is a Pakistani state-owned petroleum company. It was incorporated on 5 June 1950, when it inherited the assets and liabilities of the Burmah Oil Company Ltd. which initially held 70% of the share with the rest mostly held by the government of Pakistan (GoP). As of June 2011, Government of Pakistan held 70.66% of the shares.
| Company type | State sector Public limited company |
|---|---|
| PSX: PPL Pakistan Stock Exchange | |
| Industry | Energy |
| Genre | Oil and gas |
| Founded | 5 June 1950 |
| Founder | Government of Pakistan |
| Headquarters | , |
Number of locations | Nationwide |
Area served | Worldwide |
Key people | |
| Products | Petroleum Natural gas Motor fuels Aviation fuels |
| Revenue | Rs. 286.48 billion (US$990 million) (2023) |
| Rs. 165.60 billion (US$570 million) (2023) | |
| Rs. 97.93 billion (US$340 million) (2023) | |
| Total assets | Rs. 790.11 billion (US$2.7 billion) (2023) |
| Owner | Government of Pakistan |
Number of employees | 2,594 (2023) |
| Subsidiaries | Bolan Mining Enterprise (BME) |
| Website | www |
The company is headquartered in Karachi. It operates major oil and gas fields, including the Sui gas field, has non-operating interests in other fields, and has an interest in an exploration portfolio onshore and offshore. The company's Managing Director reports to the Petroleum Secretary of Pakistan. In 1997, the former company Burmah Oil Company of the United Kingdom sold all its remaining equity in this company to the Government of Pakistan.