What Does Hascol Petroleum Limited Do?

Total employees358
HeadquartersKarachi
Founded2005

Hascol Petroleum Limited is a prominent Pakistani oil marketing company engaged in the procurement, storage, distribution, and marketing of petroleum products and lubricants. Established in 2001 and commencing operations in 2005, Hascol rapidly expanded its retail network across Pakistan. The company deals in various products including motor gasoline, high-speed diesel, furnace oil, and lubricants. In recent years, Hascol has faced significant financial challenges, leading to debt restructuring and strategic realignments to ensure its long-term viability and market presence.

Where Is Hascol Petroleum Limited's Headquarters?

HQ Function

The headquarters serves as the central command for strategic planning, financial management, supply chain coordination, marketing initiatives, and corporate governance for all of Hascol's operations nationwide.

Notable Features:

Located in Dolmen City, a modern, high-profile mixed-use complex known for its prime location and state-of-the-art facilities, offering excellent connectivity and a prestigious business address.

Work Culture:

The work culture at Hascol's headquarters is likely dynamic and professional, focused on navigating the competitive energy sector and implementing turnaround strategies. Emphasis is placed on operational efficiency, market responsiveness, and stakeholder management.

HQ Significance:

The Karachi headquarters is crucial for overseeing Hascol's extensive network of retail outlets and storage facilities, managing imports and local procurement, and engaging with regulatory bodies, financial institutions, and other key partners in Pakistan's economic capital.

Values Reflected in HQ: The choice of a prime location like Dolmen City reflects an aspiration for market leadership, professionalism, and strategic presence within Pakistan's corporate landscape.

Location:

Hascol Petroleum Limited's operations are primarily concentrated within Pakistan. Its global interactions largely revolve around the procurement of crude oil and refined petroleum products from international suppliers and markets. The company also engages with international financial entities for trade financing and, more recently, for its debt restructuring efforts. It does not have operational offices or retail networks outside Pakistan.

Street Address:

The Harbour Front, 7th Floor, Dolmen City, HC-3, Block 4, Scheme 5, Clifton

City:

Karachi

State/Province:

Sindh

Country:

Pakistan

Where Else Does Hascol Petroleum Limited Operate Around the World?

Lahore, Punjab, Pakistan

Address: Regional Office, Lahore (Specific street address may vary, typically located in a commercial area)

To ensure timely supply of fuel to retail stations and industrial customers, manage regional sales teams, and maintain local stakeholder relationships in Pakistan's most populous province.

Islamabad, ICT, Pakistan

Address: Regional/Liaison Office, Islamabad (Specific street address may vary)

To manage regulatory affairs, government relations, and support the operational needs of Hascol's network in the northern territories of Pakistan.

Buying Intent Signals for Hascol Petroleum Limited

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Hascol Petroleum Limited? Meet the Executive Team

As of April 2025, Hascol Petroleum Limited' leadership includes:

Mr. Adeeb Ahmad - Chairman of the Board
Mr. Aqeel Ahmed Khan - Chief Executive Officer
Mr. Sanan Hasan Kazi - Chief Financial Officer
Mr. Farid Ahmed Khan - Company Secretary

Who's Investing in Hascol Petroleum Limited?

Hascol Petroleum Limited has been backed by several prominent investors over the years, including:

Vitol Dubai Limited (Major international energy and commodities company, significant shareholder)
Fossil Energy (Pvt.) Ltd. (Previous major shareholder, current status may have changed post-restructuring)
National Bank of Pakistan (As part of creditor consortium involved in debt restructuring)
Other local and international financial institutions (Creditors and potential equity holders post-restructuring)
General Public (Shares listed on Pakistan Stock Exchange, though trading status may vary)

What Leadership Changes Has Hascol Petroleum Limited Seen Recently?

Hire2
Exits1

Hascol Petroleum Limited has seen significant executive changes over the past 12-18 months as part of its ongoing financial restructuring and efforts to stabilize operations. Key appointments have been made to lead the company through its turnaround phase.

Departures

Mr. Zarrar Mahmud, Mr. Zarrar Mahmud stepped down as Interim CEO following the appointment of a permanent CEO.

New Appointments:

Mr. Aqeel Ahmed Khan, Mr. Aqeel Ahmed Khan was appointed as the new Chief Executive Officer to lead Hascol's turnaround efforts.
Mr. Sanan Hasan Kazi, Mr. Sanan Hasan Kazi was appointed as Chief Financial Officer to manage the company's finances during its restructuring.

What Technology (Tech Stack) Is Used byHascol Petroleum Limited?

Discover the tools Hascol Petroleum Limited uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Hascol Petroleum Limited Email Formats and Examples

Common email formats at Hascol Petroleum Limited typically use the employee's name followed by the company domain. The most likely patterns are [first].[last]@hascol.com or [first_initial][last]@hascol.com.

[first].[last]@hascol.com

Format

ahmed.khan@hascol.com

Example

70%

Success rate

What's the Latest News About Hascol Petroleum Limited?

Business RecorderApril 26, 2024

Hascol Petroleum Limited: PSX places HPL in Normal Counter

The Pakistan Stock Exchange (PSX) announced that Hascol Petroleum Limited (HPL) has been removed from the 'Defaulters' Counter' and placed in the 'Normal Counter' effective April 26, 2024. This follows the company's progress in its restructuring plan and compliance with PSX regulations....more

Profit by Pakistan TodayFebruary 16, 2024

Hascol reports Rs 1.3 billion loss in Q1FY24, eyes turnaround with Vitol-backed restructuring

Hascol Petroleum Limited reported a loss after tax of Rs 1.3 billion for the first quarter of FY24. The company is optimistic about its Vitol-backed restructuring plan, which includes debt-to-equity conversion and aims for operational profitability....more

The News InternationalAugust 23, 2023

Hascol Petroleum appoints Aqeel Khan as new CEO

Hascol Petroleum Limited announced the appointment of Aqeel Ahmed Khan as its new chief executive officer. This leadership change is part of the company's broader strategy to navigate its financial challenges and steer towards recovery....more

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