What does POL mean in UNCLASSIFIED
Pakistan Oilfields Limited (POL) is an energy company based in Rawalpindi, Pakistan. Founded in 1950, POL is a Pakistani military-controlled publicly traded company and one of the largest oil and gas exploration and production companies in the country. It has its headquarters located at the foothills of Margallas, Islamabad. The company also holds its operational base at the Kohat-Jhelum Canal Basin. It operates mainly within an area of approximately 7,800 square kilometers. In addition to petroleum exploration and production activities, POL is involved in other business segments such as gas transportation, power generation, drilling services and fuel retailing services.
POL meaning in Unclassified in Miscellaneous
POL mostly used in an acronym Unclassified in Category Miscellaneous that means Pakistan Oilfields Limited
Shorthand: POL,
Full Form: Pakistan Oilfields Limited
For more information of "Pakistan Oilfields Limited", see the section below.
Overview
Pakistan Oilfields Limited (POL) is a leading provider of energy solutions in Pakistan. It produces natural gas from its various fields located throughout the country as well as provides retail fuel solutions through its state-of-the-art network of over 600 petrol pumps nationwide. With more than 60 years' experience in producing quality oil and gas products, POL has led the way for domestic energy security and sustainability solutions by providing reliable sources of clean energy. As a modern organization with cutting edge technologies and operations management practices, POL follows international industry standards when it comes to safety, environmental protection and corporate governance.
Core Business Functions
Aside from its core business activities of petroleum exploration and production within Pakistan's onshore areas such as Kohat-Jhelum Canal Basin, POL also focuses on three main segments—gas transportation services via pipelines; power generation from natural gas fields; and sale & distribution of fuels through retail marketing outlets across major cities in Pakistan under the brand name ‘Peak' Petroleum Products. Within this business portfolio lies some key projects such as setting up a high pressure pipeline system for supplying natural gases which will be extending up to 360 km from Pak Oasis Gas Field to Punjab Province's thermal power plants; setting up an independent power plant near Rahim Yar Khan for providing electricity generated from natural gas resources; installing pressurized storage tanks for LPG & Condensate at Pol Depot; construction of new Retail Outlets across major cities of Pakistan etc.
Essential Questions and Answers on Pakistan Oilfields Limited in "MISCELLANEOUS»UNFILED"
What is Pakistan Oilfields Limited (POL)?
Pakistan Oilfields Limited (POL) is a leading oil and gas exploration and production company in Pakistan. The company has been engaged in the business of exploring, drilling and producing oil and natural gas since 1950. It has a network of pipelines, storage tanks, pumps, warehouses and other infrastructure across the country. POL also operates a number of subsidiaries providing supporting services such as transportation, engineering services, refining, marketing and distribution.
What products does POL provide?
POL provides a wide range of products including crude oil, natural gas liquids such as condensate and LPG (Liquefied Petroleum Gas), as well as refined petroleum products. The company's primary customers include government entities such as Oil & Gas Development Company (OGDC), Sui Northern Gas Pipelines Ltd (SNGPL), Pakistan State Oil Co Ltd (PSO) etc.
How large is the market capitalization of POL?
As of June 2020, the market capitalization of POL was estimated to be around 20 billion Pakistani rupees ($129 million).
How does POL contribute to the economy?
As one of the leading companies in the energy industry in Pakistan, POL plays an important role in supporting economic growth. The company contributes significantly to foreign exchange earnings by exporting oil & gas products; it also supports employment opportunities through direct employment and its numerous subcontractors spread over different parts of the country; it pays taxes to support government budgets; it contributes to research & development by investing in new technology; it provides sustainable energy solutions whilst minimizing environmental impact etc.
What are some notable milestones achieved by POL?
Since its establishment more than 70 years ago, POL has made significant progress along many fronts — from discovering several major oil deposits around the country to diversifying its energy solutions portfolio through investing in renewable sources such as wind turbines; from investing heavily in technological developments for improving efficiency & productivity at all levels to expanding its physical presence beyond Pakistani borders into countries like China & Bangladesh etc.
Does POL have any international operations?
Yes, since 2011-12 fiscal year onwards, POL has had international operations in countries such as China& Bangladesh on upstream projects involving joint venture with Chinese companies like CNOOC International Group Ltd., Runboy Company Ltd., etc..
What are some key partnerships held by POL?
Over the years POL has developed strong relationships with major players in the local/regional/global market both on upstream/downstream activities such as joint ventures with CNOOC International Group Ltd., Runboy Company Ltd., OGDCL — Oil & Gas Development Company Ltd., PPL — Pakistan Petroleum Ltd., and others respectively; collaborations with Shell Exploration BV / Petrofac Emirates LLC for developing specific projects related to exploration or engineering services; strategic alliances with players from regional markets like UAE-Dubai, Oman, Qatar etc.; successful implementation of conventional financing models for project finance following Islamic banking principles; setting up tie-ups for technical assistance or equipment supply together with world-wide renowned corporations such Shell International Exploration And Production Inc., Natixis S A, UTS Industries Incorporated amongst others.
Final Words:
In short, Pakistan Oilfields Limited (POL) has become one of the most trusted names when it comes to fulfilling national objectives relating to energy security while providing sustainable solutions domestically as well as internationally since 1950s. Its mission statement reads like "To develop our internal strengths to sustainably increase value through prudent management decisions while maintaining our integrity". This clearly reflects their commitment towards keeping up with technology advancements while maintaining values that serve society at large on environmentally conscious approaches towards meeting future demands.
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