For nearly 6 decades, Engro Corporation Limited has been working toward its vision of becoming the premier Pakistani company with a global reach. Now, Engro is one of the Country’s largest conglomerates and has businesses in 4 verticals: food & agriculture, energy & related infrastructure, petrochemicals, and telecommunication infrastructure. Every day, the 3500-member Engro community devotes its skills to help solve some of today’s most pressing issues. While focusing efforts on instilling truth, trust, and the relentless pursuit of excellence to build character in its people and businesses, Engro aims to champion countless people to lead future progress.
Engro’s shift towards an inclusive business model ties in with a belief that developed value chains are necessary to achieve sustainable growth. Be it through best practice trainings in farming, fishing, and vocational trades, or access to healthcare and education, Engro is devoted to creating life-changing opportunities and has, to date, impacted over a million people through its social initiatives.
For more on the Holding Company:
Engro Corporation Limited http://www.engro.com
For info on our International Trading Arm
Engro Eximp FZE http://www.engro.com/engro-eximp-fze/
For info on our Petrochemicals vertical:
Engro Polymer & Chemicals Limited http://www.engropolymer.com
For info on our Food & Agri vertical:
Engro Fertilizers Limited http://www.engrofertilizers.com
Engro Eximp Agriproducts http://www.engro.com/engro-eximp-fze/
For info on our Energy & Related Infrastructure vertical:
Engro Energy Limited http://www.engroenergy.com
Engro Elengy Terminal Limited http://www.engro.com/engro-elengy/
Engro Vopak Terminal Limited http://www.engrovopak.com
For info on our Telecommunication Infrastructure vertical:
Engro Enfrashare (Private) Limited http://www.engroenfrashare.com
PARCO - PAK-ARAB REFINERY LTD. is a Joint Venture between the Government of Pakistan (60%) and the Emirate of Abu Dhabi (40%), through its Mubadala Investment Company.
PARCO’s major business activities are:
Refining
Transportation
Marketing
PARCO has the most modern refinery in Pakistan having a capacity of 100,000 BPD (representing about 25% of the country`s refining capacity), over 2000 kms of cross country pipeline network (including its JV subsidiary Pak-Arab Pipeline Company Limited (PAPCO) with a strategic storage of over one million tons, and a rapidly expanding retail network of TOTAL PARCO (TPPL) – a joint venture with TOTAL of France. With the acquisition of Chevron’s fuel business in Pakistan, TPPL is now the second largest Oil Marketing Company in the country. PARCO is also marketing nationwide LPG under the brand of Pearl Gas and fuel oil under the brand of Pearl fuels. High quality asphalt is also being marketed as Biturox.
With continued support of the Emirate of Abu Dhabi and Government of Pakistan, PARCO over the years has been able to implement a number of energy projects that have contributed significantly in enhancing the country’s economic growth, saving foreign exchange, transferring technology and providing employment.
PARCO`s performance is reflected not only in its technical and financial results, but can also be judged by its other achievements and awards e.g. Company has maintained its AAA and A1+ long and short term credit rating by Pakistan Credit Rating Agency (PACRA) for the twentieth year running. The company is amongst the first in Pakistan with three simultaneous international certifications: ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System) and ISO 45001:2018 (Health & Safety Management System). PARCO has also received Environment Excellence Awards for the last several years and is rated among the top 10 organizations in Pakistan for outstanding achievement in Environment Management.
To revive exploration in the energy sector the Government of Pakistan signed a long-term loan Agreement on 04 March 1961 with the USSR, whereby Pakistan received 27 million Rubles to finance equipment and services of Soviet experts for exploration. Pursuant to the Agreement, OGDC was created under an Ordinance dated 20th September 1961. The Corporation was charged with responsibility to undertake a well thought out and systematic exploratory programme and to plan and promote Pakistan's oil and gas prospects.
As an instrument of policy in the oil and gas sector, the Corporation followed the Government instructions in matters of exploration and development. The day to day management was however, vested in a five-member Board of Directors appointed by the Government. In the initial stages the financial resources were arranged by the GOP as the OGDC lacked the ways and means to raise the risk capital. The first 10 to 15 years were devoted to development of manpower and building of infrastructure to undertake much larger exploration programmes.
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