Pakistan State Oil (Urdu: پاکستان اسٹیٹ آئل; reporting name: PSO), is a multi-million and global competitive state-owned megacorporation and the leading oil market presiding entity in Pakistan. Headquartered in Karachi, Sindh Province of Pakistan, it has several state divisions in the different cities in Pakistan, with administrative management business network infrastructure well expanded, built at par with international standards, represents 82% of country’s national energy sources.
The PSO is horizontally integrated and is the largest state-owned energy megacorporation active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. The PSO conducts major renewable energy activities, including in biofuels, hydrogen, solar, nuclear and wind power as well as defence management. The megacorporation is the largest entity in the country, with well expanded business presence in abroad.
The PSO has a primary listing at the Karachi Stock Exchange (KSE), and is a constituent of the KSE-30 Index. The PSO is the third largest entity to be placed in the KSE, ranking behind the Shell Pakistan— a subsidiary of Royal Dutch Shell.
Read more about Pakistan State Oil: History, Privatization Initiative
Famous quotes containing the words state and/or oil:
“While the State becomes inflated and hypertrophied in order to obtain a firm enough grip upon individuals, but without succeeding, the latter, without mutual relationships, tumble over one another like so many liquid molecules, encountering no central energy to retain, fix and organize them.”
—Emile Durkheim (1858–1917)
“I became increasingly anarchistic. I began to find people of my own class vicious, people in clean collars uninteresting. I even accepted smells, personal as well as official. Everyone who came to the studio smelled either of machine oil or herring.”
—Margaret Anderson (1886–1973)