Main Activities of the Company
Hascol Petroleum Limited is engaged
in the purchase, storage and sale
of petroleum products such as Fuel
Oil, High Speed Diesel, Gasoline,
Jet A-1 and Lubricants.
The company was
incorporated in 2001 under the 1984
companies ordinance, primarily to
take advantage of the petroleum
sector deregulation and undertake
a programme for owning, leasing
and renting oil storage facilities
as well as importing petroleum products
for its own account.
In February 2005
Hascol was granted a full marketing
license by the Government Of Pakistan
and since then, Hascol has been
engaged in developing a retail network
under HASCOL brand and by June 2009
we have commissioned one hundred
& twenty retail outlets, in
the four provinces of Pakistan.
This number will rise to 160 by
end 2009.
Hascol is also developing storage
facilities at Machike and Shikarpur
. Work is already in progress at
Shikarpur, and land is being acquired
at Machike.
Hascol has in place Hospitality
arrangement with Pakistan State
Oil company & Shell Pakistan
for storage and handling of product
at Shikarpur, Machike and Sihala.
Prior to the incorporation
of the company, the main personnel
have been involved in the Pakistan
oil industry for thirty years, dealing
with imports and marketing of refined
products such as Gasoil, Fuel Oil,
Kerosene, Gasoline and Base Oil.
Hascol Petroleum Limited has, independently
or through its associated company
Hascombe Limited, extensive links
with the domestic and international
oil trading companies.
Hascol has concluded
arrangements with Fuchs Lubricants
of Germany to produce and market
full range of Automotive / Industrial
Lubricants & Greases. In the
initial stages, Hascol is getting
the lubricants blended under a Toll
Blending Agreement and will subsequently
put up their own blending plant
in Karachi.
Hascol has started
a Bunkering Division and will be
able to provide bonded supplies
of High Sulphur Fuel Oil (HSFO)
and Marine Gas Oil (MGO) at Karachi
and Port Qasim. Additionally, we
have a full range of Fuchs Marine
Lubricants at competitive prices.
Hascol has signed a Technical
Services Agreement (TSA) with Emirates
National Oil Company Limited (E.N.O.C)
UAE, to start aircraft refuelling
services at Karachi and other main
airports in Pakistan.
Hascol also plans
to market LPG both in cylinders
and as an automotive fuel through
its retail network, and for this
necessary license has been obtained
from OGRA and supply arrangements
have been made with Progas.
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HASCOL PETROLEUM
