Categorie: IPO / Secondary Offering
Submitted 4 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
Fluctuation in international oil prices has rendered the performance of Oil Marketing Companies (OMCs) unpredictable in terms of productivity. While, the profitability has declined in HY07 owing to heavy inventory losses caused by decrease in crude oil prices, nothing can be envisaged about future.Sales are directly linked with the international oil prices, therefore, any up or down will affect the industry's performance accordingly. The consumption pattern has also become unusual. Major transport-led categories recorded decline in oil consumption, while the furnace oil consumption increased considerably.Pakistan State Oil came into existence in 1976 when the government merged PNO (Pakistan National Oil) and POCL (Premier Oil Company Limited) into SOCL (State Oil Company Limited) and named it as Pakistan State Oil Company Limited (PSO). It is the largest oil marketing company of Pakistan with a market share of 68%.Continuous improvement, innovation along with diversification has enabled PSO to enrich its market share. It has strategic investments in refining and distribution companies such as Asia Petroleum Limited, Pak Grease Manufacturing Company, Pakistan Refinery Limited and White Oil Pipeline Project, which give it a strong backing in terms of procuring inventory. With an extensive storage capacity of 860,000 metric tons, the company has 3,700 retail outlets across the country while more to come in future.<br /...
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Submitted 4 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
2 comments ↓
CEO At E-HostingJunction.com at Spectrum Resumes , Inc