Pakistan Petroleum Limited (PPL) (Urdu: پاکستان پیٹرولیم لمیٹڈ) is a Pakistani state-owned petroleum company. It was incorporated on 5 June 1950, when it inherited the assets and liabilities of the Burmah Oil Company Ltd. which initially holds 70% of the share with the rest mostly held by the government of Pakistan (GoP). As of June 2011, Government of Pakistan held 70.66% of the shares. The company is headquartered in Karachi. It operates major oil and gas fields, including the Sui gas field, has non-operating interests in other fields, and has an interest in an exploration portfolio onshore and offshore. The company's Managing Director reports to the Petroleum Secretary of Pakistan. In 1997, the old company Burmah Oil Company of the United Kingdom sold all its remaining equity in this company to the Government of Pakistan. More information...
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