Following the
partition of British India in August 1947, the newly formed
Government of Pakistan required
oil exploration to be conducted by companies incorporated in Pakistan and operating the local currency. In response, Attock Oil Company incorporated Pakistan Oil and Gas Exploration and Production in 1950, in which it held a 70 percent shareholding. In addition to exploration and production of oil and gas, POL also manufactures
Liquefied petroleum gas (LPG), Solvent Oil and Sulphur. POL markets LPG under its own brand named POLGAS as well as through its subsidiary CAPGAS Limited. POL also operates a network of pipelines for transportation of its own as well as other companies' crude oil to
Attock Refinery Limited. In October 2002, the
Government of Pakistan sold its 34.76 percent stake in Pakistan Oilfields to general public for PKR 180 per share. In 2005, Pakistan Oilfields acquired a 25 percent share in
National Refinery Limited, which is the only refining complex in the country producing fuel products as well as lube base oils. ==See also==