October 22, 2017 10:14 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Pak Arab Refinery Limited

Company Overview

Pak Arab Refinery Limited, an integrated energy company, engages in refining, transporting, and marketing petroleum products. The company produces liquefied petroleum gas (LPG), high octane blending components, kerosene, jet fuel, high speed diesel, light speed diesel, furnace oil (FO), and sulphur. The company also transports refined products, such as diesel and kerosene. In addition, it markets petroleum products, including LPG, fuel oil, and sulphur for domestic, industrial, and commercial consumers; and industries and processes related to agriculture and live stocks, such as tobacco curing, rice and grain drying, and poultry rearing. Further, the company markets FO to captive power, ceme...

Korangi Creek Road

Karachi,  75190


Founded in 1974


92 21 3509 0100


92 21 3509 0625

Key Executives for Pak Arab Refinery Limited

MD & Director
Deputy Managing Director of Finance & Corporate Affairs and Acting Company Secretary
Head of Internal Audit
Deputy General Manager of Technical
Deputy General Manager of Human Resource
Compensation as of Fiscal Year 2017.

Pak Arab Refinery Limited Key Developments

Pakistan To Reportedly Privatize 38 Entities

Pakistan intends to privatize 38 national organizations. According to sources, Prime Minister Nawaz Sharif is determine to sell all organizations to its close aide, kin and relatives on less rate in comparison to the market price. The list includes Oil and Gas Development Co., Ltd. (KASE:OGDC), Mari Petroleum Company Limited, Pak Arab Refinery Limited, Pakistan State Oil Company Limited (KASE:PSO), SME Bank Ltd., Sui Southern Gas Co., Ltd. (KASE:SSGC), Sui Northern Gas Pipelines Ltd. (KASE:SNGP), Pakistan Reinsurance Company Ltd. (KASE:PAKRI), National Insurance Company Limited, State Life Insurance Corporation of Pakistan Limited, 76% stake in National Bank of Pakistan (KASE:NBP), 10% stake in Allied Bank Limited (KASE:ABL), 42% stake in Habib Bank Limited (KASE:HBL), Heavy Electrical Complex (Pvt.) Ltd., National Power Construction Corporation (Pvt) Limited, Islamabad Electric Supply Company Limited, Faisalabad Electric Supply Company Limited, Lahore Electric Supply Company Limited, Multan Electric Power Co., Ltd., Pakistan Steel Mills Corporation (PVT) LTD., Pakistan Engineering Company Limited (KASE:PECO) and Pakistan International Airlines Corporation (KASE:PIAA).

Ministry Wants PARCO off Privatization List

The government is likely to drop a 'jewel' from its privatization list after the Ministry of Petroleum and Natural Resources opposed the official move to sell at least 10% stake in Pak Arab Refinery Company (PARCO). The Privatisation Commission has called a meeting of its board to review the option of removing PARCO from the list of entities that have been selected for capital market transactions, said sources in the Ministry of Finance and Privatization. The Commission convened the meeting after the Ministry of Petroleum opposed the proposal either to list PARCO on the stock exchange or to sell its 10% stake to Abu Dhabi government minority shareholder in the refinery. The petroleum ministry has recommended that Pakistan should continue maintaining its existing 60% shareholding in PARCO. It said that the government should neither offer its 10% shares to Abu Dhabi nor go for divestment through enlisting on the stock exchange. The petroleum ministry is of the view that if Abu Dhabi accepts the offer, it will disturb government's control over a strategic asset of the country. It has asked the commission that the entity be deleted from the list of companies being considered for privatization.

Similar Private Companies By Industry

Company Name Region
Asia Petroleum, Ltd. Middle East/Africa
Associated Group Middle East/Africa
Block 22 in Central Gas Basin in Pakistan Middle East/Africa
Coastal Refinery (Pvt) Limited Middle East/Africa
Dewan Petroleum (Pvt) Ltd. Middle East/Africa

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Tax Management Inc United States
Bertelsmann AG Europe

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Pak Arab Refinery Limited, please visit www.parco.com.pk. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.