Research & Analysis Report On Pakistan State Oil
Simply by: S. Meters. Talha Pasha
ACCA Enrollment: 1056730
Mentor: Mr. Burhan Uddin Ahmed
Exploration & Examination Report Upon Pakistan Express Oil1
The topic picked for the purpose of this kind of Report is definitely " PAKISTAN STATE OILвЂќ.
There are also several other causes, which have urged me to decide on this particular theme, which range from a professional outlook to personal interests. This kind of topic relates to acquiring, examining and interpreting data related to an actual firm, which is collected from multiple sources mostly comprising of your organization's economic statements throughout the calculation of economic ratios.
Around the personal the front it has always been my hobby to get the simple knowledge and structure of working of numerous companies
THE В ORGANIZATION:
The company selected to get the task is " Pakistan State OilвЂќ; earlier " State Oil Organization Limited (SOCL)вЂќ PSO is the largest petrol marketing company in Pakistan possessing a market share of 59% of white essential oil products and 80% in dark oil items. It has ISO 9000: 2150 certification. It can be engaged in the import, storage space, distribution and marketing of varied POL (petroleum, oil and lubricants) goods including Mogas, HSD, energy oil, plane fuel, kerosene, LPG, CNG and petro-chemicals. Pakistan Express Oil has been meeting the country's gas needs by simply merging audio business feeling with nationwide obligation. Pakistan State Olive oil is the initial Pakistani Public sector Business to become a member of World Financial Forum (WEF). PSO may be the winner of Karachi Stock market top corporations award for several years. (www.psopk.com )
The company features market capitalization approximately of Pak. Rs. 67 billion dollars. It is the success of вЂMost Preferred Local Company Award' at the PSHRM graduate workplace awards 3 years ago. In order to keep quality specifications PSO has introduced a total top quality management system in its all operational activities. Consistent conformance to prescribed criteria and specs across the whole range of activities from invoice, storage, travel and delivery of products may be the cornerstone of PSO's quality management system.
PSO has extensive storage capacity, almost 81% in the total national storage have been kept by the company that is around 860, 000 metric tones per financial 12 months.
(Oil Businesses Advisory Panel 2008; PSO Annual Record 2005-2008).
The Oil Sector:
The global overall economy showed indications of moderate development in FY 2007 following the upswing that was witnesses in FY 2006. The rise in oil demand was mainly due to heavy requirement from China and India. India has maintained GDP growth rate of around 9% per year. Just like wise Cina has maintained growth statistics around 10%. Higher monetary activity is the central factor lurking behind the predicted robust olive oil demand in both locations. The total global oil usage grew around 4. 5% in line with GROSS DOMESTIC PRODUCT growth of four. 9%. В В (PSO annual report 2007)
The Oil Industry in Pakistan:
Pakistan is known as a country, which is highly dependent upon oil and consumes more than 400, 500 barrels of oil per day. 29. 9% of the country's primary commercial energy relies on it.
The industry consumption of Dark Oil listed and enhance of forty-five. 2% over the prior year in a turn-around from the craze observed in the recent previous whereby gas was being encouraged by the Govt of Pakistan as the fuel of first choice to get power technology. However , the white petrol registered a decline 2 . 4% generally due to slow down in large-scale manufacturing and ever-increasing substitution by compressed natural gas (CNG) / liquefied petroleum gas (LPG) in the automotive sector. (PSO annual report 2007)
In the Oil-marketing sector, 9 OMCs specifically, Pakistan Express Oil Organization (PSO), Covering Pakistan Limited (SPL), Caltex Oil (Pakistan) Limited (COPL), Attock Petroleum Limited (APL),...
Bibliography: вЂў Annual Statement (2005), Pakistan State Essential oil.
вЂў Total annual Report (2006), Pakistan Express Oil Company. Ltd.
вЂў Annual Survey (2007), Pakistan State Olive oil.
вЂў Ministry of Petroleum Government of Pakistan.
вЂў Essential oil Companies Advisory Committee, PSO.