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Pakistan State Oil is a Pakistani petroleum corporation involved in marketing and distribution of petroleum products. [3] It has a network of 3,689 petroleum filling stations, out of which 3500 outlets serve the public retail sector and 189 outlets serve wholesale bulk customers.
From 2002 to 2009, Esso sponsored Toyota F1, as well as Jordan and its successor, Midland in 2005 and 2006, after Esso became ExxonMobil's global primary fuel brand through the merger of Exxon with Mobil in 1999. Williams F1 had one season of Esso sponsorship in 2009 when Petrobras left F1 in 2008 before they returned in 2014.
Later, post-colonial Pakistan had used coal to fuel its industry from independence to the discovery of the Baluchistan's Sui gas field in 1952 and the Toot oilfield in 1964. Environmentalists are now concerned that Pakistan has recently discovered one low and four low to medium-quality coal seams in the Punjab and plans to re-fuel its ...
On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
Attock Petroleum started its operations in 1998 and is third largest oil marketing company in Pakistan as of 2018. [5] [2]In 2005, Attock was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 57.75.
Subsequently, it was listed on the Karachi Stock Exchange with the shareholding pattern of 75 percent owned by Esso and 25 percent by the general public. [4] A urea plant with a production capacity of 173,000 tons was constructed at the cost of US$43 million. The plant was commissioned in Daharki in 1966 and production began in 1968. [3]
In February 2013, Euro Garages acquired 45 Esso petrol stations in North England and Wales from ExxonMobil, who were offloading their forecourt sites to focus on their core production and refining business. [19] [20] In the same month, the group acquired a number of vacant Little Chef premises, to transform into Starbucks franchises. [21]
Humble's restructuring allowed both companies to sell and market gasoline nationwide under the Esso, Enco and Humble brands. The Enco brand was introduced by Humble in the summer of 1960 at stations in Ohio, but was soon blackballed after Standard Oil of Ohio protested that Enco (Humble's acronym for "ENergy COmpany") sounded and looked too much like Esso as it shared the same oval logo with ...