Pakistan State Oil donates AMTF to fight Thalassemia in Pakistan

Karachi, May 22, 2018 (PPI-OT): PSO is working to help fight deadly disease of thalassemia in Pakistan. In a recent effort, the company has joined hands with the Afzaal Memorial Thalassemia Foundation (AMTF) by donating Rs. one million on the World Thalassemia Day. MD and CEO PSO, Sheikh Imranul Haque, graced the occasion as the guest of honour to hand over the cheque of support to the AMTF management. Under the donation from PSO, the AMTF will ensure access to the thalassemia treatment by members of the underserved communities.

Mr. Sheikh Imranul Haque, MD and CEO, PSO, said:

“At PSO, we are committed to contributing our best to the sustainable community and social development of Pakistan, aiming to create shared economic and social value across the country. I am glad to see that PSO CSR Trust is supporting many organizations working to eliminate blood diseases including thalassemia from Pakistan. Our support to the Afzaal Memorial Trust will help them in their fight against diseases that generally target people of all ages, but particularly children.”

Mr. Ateeq Ur Rehman – Executive Director, AMTF, while thanking PSO for their generous contribution towards fighting thalassemia, said:

“CSR is like paying back to the society at large and PSO by donating to AMTF is really helping ‘the cause of thalassemia’, for which we are extremely thankful to PSO. AMTF is working toward ‘Thalassemia Free Pakistan’ by raising awareness about how the lack of public knowledge of the disease is causing it to spread noticeably and the easy ways it can be prevented. The treatment of thalassaemic children is very expensive and is out of reach of a common man as they are permanent guests of the hospital. Support from the PSO CSR Trust will help in saving lives of deprived thalassaemic children at the AMTF.”

For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House,
Khayaban-e-Iqbal, Clifton,
P. O. Box 3983,
Karachi 75600, Pakistan
UAN: +92-21-111-111-PSO (776)
Ta’aluq Care Line: 0800-03000
Tel: +92-21-99203866-85
Fax: +92-21-99203835
Email: hasan.saeed@psopk.com
Website: www.psopk.com

PSO signs agreement with Port Qasim Authority to supply their entire fuel requirements

Karachi, April 25, 2018 (PPI-OT): Pakistan’s leading oil marketing company, Pakistan State Oil (PSO), has further strengthened its business relationship with the Port Qasim Authority (PQA) with the signing of a major Fuel Supply Agreement.Under this agreement, PSO will meet PQAs’ entire fuel requirements by supplying Action Plus Diesel (HSD) and Altron Premium (PMG) for a three-year period.

The second busiest port of Pakistan running 24/7 operations, the Port Qasim Authority, meets 40% of seaborne trade requirements of Pakistan and has some big and complex fuelling requirements that PSO is geared to effectively meet under the new agreement.

Deputy General Manager Industrial Consumer PSO, Mr. M. Kashif Siddiqui and Secretary PQA, Mr. Sirajuddin Chandio signed the agreement. Deputy Managing Director PSO, Jehangir Ali Shah, Senior General Manager PSO, Shehryar Omar, General Manager PSO, Qasim Zaheer, Director General PQA, Aleem Sheikh, Director Store PQA, Col. (R) Tanveeruddin Farooqui, and other senior executives from both sides witnessed the signing ceremony with their presence.

This partnership brings synergy to both parties’ shared national agenda of accelerating the economic wellbeing of Pakistan. PSO has a longstanding history of supplying petroleum products to large corporations, such as Pakistan Railways, PIA, SECMC, OGDCL, and now the Port Qasim Authority.

PSO takes immense pride in offering the best quality fuels and lubricants to its customers. The High Speed Diesel imported by PSO is the best quality HSD available in Pakistan with the lowest sulphur content, making it the most environment-friendly and lowest emission diesel fuel marketed in the country. Pakistan State Oil also has the most sophisticated and state-of-the-art Lubricant Manufacturing Terminal (LMT) in Pakistan which produces highest quality lubricants that are API compliant and certified.

For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House,
Khayaban-e-Iqbal, Clifton,
P. O. Box 3983,
Karachi 75600, Pakistan
UAN: +92-21-111-111-PSO (776)
Ta’aluq Care Line: 0800-03000
Tel: +92-21-99203866-85
Fax: +92-21-99203835
Email: hasan.saeed@psopk.com
Website: www.psopk.com

Pakistan State Oil Reports Profit after Tax of Rs 13.2 Billion in 9MFY18

Karachi, April 23, 2018 (PPI-OT): Pakistan State Oil (PSO), the leading energy company of Pakistan, convened its Board of Management (BoM) meeting at the PSO Headquarters in Karachi to review the performance of the Company for nine months period from July to March for financial year 2017-18.

Key highlights from the financial results show that the company earned Profit after Tax (PAT) of Rs 13.2 billion. Gross profit also showed a growth of 6.9% despite decline in furnace oil volumes. The company had product wise volumetric growth of 5.4% in HSD, 12.3% in MOGAS, 10.3% in Jet Fuel (JP-1), 21% in LPG, 5% in Lubricants and 34% in LNG. The FO volumes however declined by 29%.

PSO has managed to get additional funds of Rs. 23 billion in the month of March, bringing down the outstanding receivables (inclusive of LPS) from the Power Sector, PIA and SNGPL as of March 31st, 2018 to Rs. 304 billion vs. Rs. 313 billion as of December 31, 2017. The management is continuously pursuing with the Ministry of Energy and the Ministry of Finance for their due intervention for injection of funds in order to settle the said outstanding receivables as well as payment for FO and LNG supplies of Rs. 130 billion planned to be made in the quarter April-June 2018.

As a result of the financial performance, PSO has announced 100% cash dividend of Rs. 10 per share. Influx of smuggled product, volatile fuel demand by the power sector and hurdles in induction and smooth movement of NHA/OGRA compliant tank lorries by the transport union will be key challenges for the business in comings months, further added the company’s report to its shareholders.

For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House,
Khayaban-e-Iqbal, Clifton,
P. O. Box 3983,
Karachi 75600, Pakistan
UAN: +92-21-111-111-PSO (776)
Ta’aluq Care Line: 0800-03000
Tel: +92-21-99203866-85
Fax: +92-21-99203835
Email: hasan.saeed@psopk.com
Website: www.psopk.com

Sardar Mehtab Ahmed Khan inaugurates country’s largest Fuel Farm Facility jointly set up by PSO and Attock Petroleum Limited at New Islamabad International Airport

Karachi, April 12, 2018 (PPI-OT): Mr. Sardar Mehtab Ahmed Khan, Adviser to Prime Minister on Aviation Division, inaugurated Pakistan’s largest and most advanced Fuel Farm Facility at the New Islamabad International Airport (NIIAP) on Thursday April 12, 2018. The facility is jointly developed by Pakistan State Oil (PSO), the nation’s largest Oil Marketing Company with operations at 9 major airports and over 35 years of experience in fuelling the aviation industry, and Attock Petroleum Limited (APL), a progressive Oil Marketing Company, and a part of Pakistan’s only fully vertically integrated oil group (Attock Oil Group of Companies) with the collective experience of over 100 years in Oil and Gas Sector, experienced in developing state-of-the-art infrastructure for storage, handling and delivery of quality petroleum products.

Covering an area of 12 acres, the Fuel Farm Facility is compliant with local and international standards including JIG, NFPA, API as well as the CAA for the receiving, storing, filtering, pumping, and testing of aviation fuels. Furnished with a smart refuelling system comprising of automation, safety interlocks, automatic detection and response, and quality control features, the Fuel Farm supports the hydrant refuelling system of NIIAP which is Pakistan’s largest airport refuelling system with a 14KM hydrant line of 14-inch diameter and 55 hydrant pits to fuel aircrafts round-the-clock.

The facility’s smooth operations are ensured by offloading bays equipped with 600 USGPM pumps, a storage capacity of 10,000 Metric Tons with 3 vertical API 650-compliant tanks, a 3,600 USGPM product pumping system, and highly advanced refuelling equipment comprising 8 Hydrant Servicers. The fuel farm also features modern monitoring and control systems such as Motor Control Center (MCC), Human Machine Interface and Digital Control System, Public Address System, main and back-up power supply, API Separator, and a test rig for aviation equipment.

Mr. Sardar Mehtab Ahmed Khan, the Chief Guest of the inauguration ceremony, said on the occasion:

“We appreciate the efforts of PSO and APL to serve the aviation industry by setting up this huge, state-of-the-art Fuel Farm Facility. This shows some serious commitment from both players to their mission of ensuring seamless fuel supply to the aviation sector.”

“The facility is a big step forward in effectively meeting the growing fuelling needs of the aviation industry and is all set to effectively serve the largest airport in Pakistan. I congratulate PSO and APL on this big achievement and ensure you that the Government will extend the best of its support to them in all endeavours meant to positively impact Pakistan’s aviation sector and overall economic development.”

MD and CEO PSO, Sheikh Imranul Haque, said at the inauguration:

“We feel extremely delighted and proud in launching the country’s largest and most advanced Fuel Farm Facility at the largest and most advanced airport of Pakistan. For decades, PSO has been fuelling the nation and today we have strengthened our leadership position further in responsibly meeting the fuelling needs of the Pakistani aviation industry.”

“I congratulate Attock Petroleum Limited too for this impressive joint feat where they utilized their own experience of developing state-of-the-art infrastructure for storage, handling, and delivery of petroleum products. PSO stays committed to its mission of ensuring a seamless supply of quality fuel products to every corner and industry of the country which we will continue to pursue with a greater fervour.”

Group Chief Executive Attock Oil Group of Companies and CEO – APL, Mr. Shuaib Anwar Malik, said at the ceremony:

“The Fuel Farm Facility is a huge step in the direction of efficiently fuelling Pakistan’s aviation sector. We are proud to indigenously set up this state-of-the-art facility that redefines aviation services within Pakistan. From operations to monitoring and control, and from safety and security to occupants’ welfare, the facility offers the best available systems and equipment to meet the aviation fuelling needs. Our goal at Attock Group is to make Pakistan proud with innovative solutions and deliver quality products to all the segments locally and globally from exploration to refining to marketing of Pakistan’s widest range of petroleum products portfolio.”

“At Attock Petroleum, we share our mission of meeting the nation’s fuelling needs. This Fuel Farm Facility, in partnership with PSO is a strong manifestation of that very commitment. We are confident that the facility will effectively serve the aviation industry for decades to come and help people and businesses to move fast and safe.”

Fuel Farm facility at NIIAP is equipped with robust storage capacity, maximum product pumping ability to refuel multiple aircraft in minimal time, latest detection, fire fighting and alarm systems, which makes this facility most advance and largest fuel farm of the country. Fuel Farm facility at NIIAP will be serving Pakistan’s largest airport and ensure smooth and efficient delivery of quality products. This facility will not only set new benchmark for Pakistan’s aviation industry but also serve as a backbone to this airport, ushering in a new era of resilience and steadfastness.

For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House,
Khayaban-e-Iqbal, Clifton,
P. O. Box 3983,
Karachi 75600, Pakistan
UAN: +92-21-111-111-PSO (776)
Ta’aluq Care Line: 0800-03000
Tel: +92-21-99203866-85
Fax: +92-21-99203835
Email: hasan.saeed@psopk.com
Website: www.psopk.com

PSO and FAW Motors China working to Modernize PSO fleet to support CPEC Infrastructure

Karachi, April 05, 2018 (PPI-OT):Pakistan State Oil (PSO), with support from carriage contractors, continues to induct the latest vehicles into its fleet in order to modernize road transportation and ensure the safe movement of POL products across Pakistan.The latest fully compliant fleet, was handed over to PSO carriage contractors in an impressive ceremony organized by Al Haj FAW in Karachi where the MD and CEO PSO, Sheikh Imranul Haque, was the guest of honour.

The event was attended by important dignitaries including Senator Taj Afridi, representatives from the FAW Motors China, senior company officials from PSO, Al Haj FAW Pakistan and Hyundai Pakistan. A large number of carriage contractors were also present at the ceremony who appreciated the 36 months long interest-free deferred payment facility available to them from Al Haj FAW to purchase modern tank lorries for the PSO fleet system.

The latest range of oil tankers is built in complete compliance with the Oil and Gas Regulatory Authority (OGRA) and National Highways Authority (NHA) standards. The vehicles will add efficiency and agility to PSO’s road transportation system to further the company’s strategic ambition of ensuring safe and uninterrupted fuel supply nationwide. This is an important step of PSO, in collaboration with the Al Haj FAW Pakistan, in view of the massive CPEC development program where only fully compliant vehicles will be able to take part in the cross border trading.

PSO’s logistics management system, comprising approximately 8,000 vehicles, is the country’s largest tank lorry (TLS) fleet that transports POL products across the country. Although the company also moves petroleum products through rail and pipelines network, road remains the primary channel for fuel transportation.

MD and CEO PSO, Sheikh Imranul Haque, said at the ceremony:

“PSO undertakes all necessary measures to deliver on its pledge of best facilitating its customers. Besides efforts to diversify our transportation portfolio, we are rapidly modernizing our road transportation system that moves the major portion of POL products across the country.”

“PSO is glad to be with FAW to ensure implementation of OGRA and NHA standards in the transportation of petroleum products. The induction of new tank lorries will not only enhance PSO’s capacity to move more fuel but also prepare the company to fulfill the country’s increasing fuel needs in wake of new business opportunities emerging from a consistent economic growth and mega projects like China Pakistan Economic Corridor.”

Speaking on the occasion, Mr. Nian, representative of FAW in Pakistan, said:

“FAW is a leading truck brand in China and serves its customers with safe, reliable and efficient world class products. We are honoured that the leading Oil Marketing Company in Pakistan, PSO has provided us an opportunity to play our productive role in improvement of oil transportation system in Pakistan”.

“Al Haj FAW is providing one window solution to the carriage contractors in the form of sellingcompliant FAW prime movers and CIMC oil tankers along with the easy defer payment terms of 36 months so that the carriage contractors of PSO can easily induct compliant vehicles in PSOTransportation system”.The latest fleet of vehicles was also displayed at the event.

For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House,
Khayaban-e-Iqbal, Clifton,
P. O. Box 3983,
Karachi 75600, Pakistan
UAN: +92-21-111-111-PSO (776)
Ta’aluq Care Line: 0800-03000
Tel: +92-21-99203866-85
Fax: +92-21-99203835
Email: hasan.saeed@psopk.com
Website: www.psopk.com

Pakistan State Oil partners with LXY Global for Retail Leadership Conference 2018

Karachi, March 30, 2018 (PPI-OT): Retail Leaders Conference is the flagship venture of LXY Global, Pakistan’s leading conference management Company; a concept incubated in Pakistan with the objective to host top-level international and local executive retailers and brands. “Retail Leaders Conference” has always been the greatest platform where information is generated and shared, different views come together and unlimited collaboration opportunities are created.

Pakistan’s premier oil marketing company, Pakistan State Oil (PSO) partnered with LXY Global for organizing Retail Leaders Conference (RLC) 2018 (7th Edition). The conference was held in Pearl Continental Hotel, Lahore on March 28-29, 2018. Other prominent partners for the conference included RLI (Global Partner), Tang, MasterCard, Dolmen Mall, Keenu and Golootlo. RLC was an innovative platform to discuss the latest global trends in retail marketing, ever-changing customer expectations, and the role of technology in retail transformation.

PSO is on the journey of retail transformation and participated in the largest conference for retailers to seek opportunities to serve our valued customers better through our extensive network of more than 3,400 outlets from Nangarparkar to Sost. PSO is currently handling over 1.2 billion retail transactions in a year – a number that is ever increasing, which translates into over 3 million customers visiting its retail outlets every day. The retail giant believes in empowering the customer and making innovative products and services made available on our forecourts.

This belief has led PSO to secure the largest fuel cards customer base in Pakistan. PSO is devoted to ensure a wholesome experience by offering many Non-Fuel Retail services like convenience shopping, eateries, banking services etc. PSO showcased its recently re-launched convenience store brand “Shop Stop”, and its Non-Fuel Retail and Fuel Cards businesses at the conference with an objective to invite potential business alliances to join hands and benefit from the 3 million customers visiting PSO’s forecourts everyday!

Speaking at the conference, Mr. Sheikh Imranul Haque, Managing Director and CEO PSO, said that PSO being the largest commercial organization of Pakistan with an extensive network of retail outlets across country, offers countless business opportunities to the Pakistani brands/retailers. He further said that “Reports suggest that Pakistan’s retail sector stands around $50billion and has been growing faster than the economy in recent years.” While sharing features of the Non-Fuel Retail side of the company, Mr. Haque commented that PSO has always taken the lead in continuously modernizing its offerings and customer service facilities in a highly competitive environment. He further elaborated, “We intend to make PSO a one-stop preferred destination of choice for every fuelling consumer in the country.”

He welcomed other retailers to partner with the largest oil marketing company and make use of its large retail foot print and large consumer footfall for reaching out to customers more effectively. He also said that our recent partnerships with banks, telecommunication companies, eateries, and other alliance partners for ATMs, branchless banking, Shop Stops, and quick service restaurants all have brought us closer to transforming PSO into a retail giant beyond the status of just an oil marketing company. Pakistan State Oil being the largest energy company is committed to serve its customers with the most innovative product offerings.

For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House, Khayaban-e-Iqbal, Clifton,
P. O. Box 3983, Karachi 75600, Pakistan
UAN: +92-21-111-111-PSO (776)
Ta’aluq Care Line: 0800-03000
Tel: +92-21-99203866-85
Fax: +92-21-99203835
Email: hasan.saeed@psopk.com
Website: www.psopk.com

Pakistan State Oil partners with Aman Tech to transform youth for employability

Karachi, March 27, 2018 (PPI-OT): To transform the youth of Pakistan into productive members of society, the largest oil marketing company of the country, Pakistan State Oil (PSO), and the Aman Institute of Vocational Training (AIVT) have joined hands by signing a Memorandum of Understanding. Under this initiative, PSO CSR Trust will support Aman Tech in providing vocational and technical training to students for a period of six months.

The PSO batch of 50 students, selected from deserving backgrounds by Aman Tech, will be trained at their state-of-the-art vocational training facility where more than 12 trades are offered including auto body painting, automobile services, welding, CAD/CAM training and others. Apart from technical and vocational education, Aman Institute will also provide them soft skills training, such as communications skills, and personal grooming.

Sheikh Imranul Haque, MD and CEO PSO, accompanied by senior officials, inaugurated the plaque of partnership between the two organizations at the Aman Institute, Karachi. A cheque of support on behalf of the PSO CSR Trust was also presented previously to Mr. Malik Ahmad Jalal CEO, Aman Foundation.

Speaking at the ceremony, Sheikh Imranul Haque, MD and CEO, PSO said:

“Pakistan is a developing country with higher population growth and with youth being a major portion of that. There is a dire need to provide them job opportunities. Vocational training will be opening up many employment opportunities for Pakistani students”.

“PSO thorough its CSR Trust is very pleased to partner with the Aman. We believe that investment in our youth is an investment in our future.”

Mr. Malik Ahmad Jalal, CEO, Aman Foundation appreciated PSO`s support and stated:

“I am pleased that Aman’s vision of transforming lives is shared by PSO and I thank them for their generosity and investment in Pakistan’s future. Aman Tech economically and socially empowers Pakistan’s youth by enhancing their skills and employability prospects. We hope that our consistent efforts in vocational and soft skills training will bring about a positive impact in the lives of our underserved youth and their families and communities.”

For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House,
Khayaban-e-Iqbal, Clifton,
P. O. Box 3983,
Karachi 75600, Pakistan
UAN: +92-21-111-111-PSO (776)
Ta’aluq Care Line: 0800-03000
Tel: +92-21-99203866-85
Fax: +92-21-99203835
Email: hasan.saeed@psopk.com
Website: www.psopk.com