Introduction to Pakistan State Oil (PSO)
Pakistan State Oil (PSO) is the largest oil marketing company in Pakistan, responsible for the import, distribution, and marketing of petroleum products across the country. Here’s an introduction to PSO, its functions, and its network:
- Establishment: PSO was formed in 1976 under the Companies Act, 1913, as a public limited company. It was created to promote the commercial interests of Pakistan in the energy sector, particularly in oil and gas.
- Ownership: Initially, the government of Pakistan owned 100% of Pakistan State Oil’s shares. However, as part of the government’s privatization efforts, a portion of its shares has been divested, though it still retains majority ownership.
- Functions:
- Import: Pakistan State Oil is responsible for importing crude oil and refined petroleum products to meet the energy needs of Pakistan.
- Storage: The company maintains storage facilities for crude oil and petroleum products across the country.
- Distribution: Pakistan State Oil distributes petroleum products to various sectors including industrial, commercial, and domestic consumers through a vast network of retail outlets, bulk storage depots, and terminals.
- Marketing: It undertakes marketing activities to promote its products and services, including advertising campaigns and promotional events.
- Quality Control: Pakistan State Oil ensures that the products it distributes meet international quality standards through rigorous quality control measures.
- Network:
- Retail Outlets: Pakistan State Oil operates a network of retail outlets, commonly known as PSO petrol pumps, spread across urban and rural areas throughout Pakistan. These outlets provide various petroleum products such as petrol, diesel, and lubricants.
- Depots and Terminals: PSO has strategically located storage depots and terminals across the country to facilitate the efficient distribution of petroleum products.
- Transport Fleet: The company maintains a large fleet of tankers and trucks for transporting petroleum products from refineries and ports to storage facilities and retail outlets.
- International Presence: In addition to its extensive domestic network, Pakistan State Oil is also involved in international trading and has partnerships with global oil companies for procurement and supply.
- Social Responsibility: PSO is committed to corporate social responsibility initiatives, including environmental conservation, community development, and promoting health and safety standards in the petroleum industry.
Tender details:
Tender details for PSO can be found here. The last date to apply tender is 03/04/2024 09:45am.
Overall, PSO plays a crucial role in ensuring the availability of energy resources in Pakistan and contributes significantly to the country’s economic development and growth.
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