Hascol Petroleum Limited is engaged in the purchase, storage and sale of petroleum products such as Fuel Oil, High Speed Diesel, Gasoline, Jet A-1 and Lubricants. The company was incorporated in 2001 under the 1984 companies ordinance, primarily to take advantage of the petroleum sector deregulation and undertake a programme for owning, leasing and renting oil storage facilities as well as importi
ng petroleum products for its own account. In February 2005 Hascol was granted a full marketing license by the Government Of Pakistan and since then, Hascol has been engaged in developing a retail network under HASCOL brand and by August 2010 we have commissioned one hundred & sixty retail outlets, in the four provinces of Pakistan. Work is already in progress at Shikarpur, and land has been acquired at Machike. At Keamari Hascol has leased tankage at Al-Rahim Terminal. Hascol has in place Hospitality arrangements with Pakistan State Oil company & Shell Pakistan for storage and handling of products at Keamari, Shikarpur, Machike and Sihala. Prior to the incorporation of the company, the main personnel have been involved in the Pakistan oil industry for over thirty years, dealing with imports and marketing of refined products such as Gasoil, Fuel Oil, Kerosene, Gasoline and Base Oil. Hascol Petroleum Limited has, independently or through its associated company Hascombe Limited, extensive links with the domestic and international oil trading companies. Hascol has concluded arrangements with Fuchs Lubricants of Germany to produce and market full range of Automotive / Industrial Lubricants & Greases. In the initial stages, Hascol is getting the lubricants blended under a Toll Blending Agreement and will subsequently put up its own blending plant in Karachi. Hascol has started started a Bunkering Division which is supplying High Sulphur Fuel Oil (HSFO) and Marine Gas Oil (MGO) at Karachi and Port Qasim. Additionally, we have a full range of Fuchs Marine Lubricants at competitive prices. Hascol has started a Bunkering Division and will be able to provide bonded supplies of High Sulphur Fuel Oil (HSFO) and Marine Gas Oil (MGO) at Karachi and Port Qasim. Hascol has signed a Technical Services Agreement (TSA) with Emirates National Oil Company Limited (E.N.O.C) UAE, to start aircraft refuelling services at Karachi and other main airports in Pakistan. Hascol also plans to market LPG both in cylinders and as an automotive fuel through its retail network, and for this necessary license has been obtained from OGRA and supply arrangements have been made with Progas.
