Attock Refinery Limited
Attock Refinery Limited

Attock (big place that makes gasoline, etc., from oil) Limited (ARL) was incorporated as a Private Limited Company in November, 1978 to take over the business of the Attock Oil Company Limited (AOC) relating to making better/making more pure of oil extracted from the ground and supplying of high-quality petroleum products. It was (after that) converted into a Public Limited Company in June, 1979 and its shares are quoted on the Pakistan Stock Exchange Limited in Pakistan. The Company is also registered with Central Storage-place Company of Pakistan Limited (CDC).

Traded As:Oil
Industry:Oil Refining
Headquarter:Rawalpindi, Pakistan
Deputy General Manager:Ejaz H. Randhawa Operations, Planning & Development
Chief Executive Officer:M. Adil Khattak
Achievement Awards:7
Revenue In PKR (:TTM) 107.97bn
Location:Attock Refinery Ltd The Refinery, Morgah Rawalpindi 46000 Pakistan PAK
Number of Employees:980
Net Income in PKR:6.68bn
Fax:+92 51 5487093
Phone No:+92 51 5487041
Website :
Area Served :Pakistan

HeadquartersNight ViewInaugural ceremony of Jhandial-I Project of oil and gas at Attock on 13th OctoberOil Refining IndustryCompany Offers a Range of Petroleum Products

Overview of Company

Private Limited Company
Attock Refinery Limited engages in the refining of crude oil in Pakistan. The company produces a range of petroleum products, including naphtha, JP-8, kerosene oil, paving grade asphalts, low sulfur high speed diesel, and winterized diesel, as well as low sulfur, benzene, and aromatics petrol. It also provides medical and laboratory services. Attock Refinery Limited also exports its petroleum products. The company was founded in 1922 and is headquartered in Rawalpindi, Pakistan. Attock Refinery Limited is a subsidiary of The Attock Oil Company Limited.[1] Overview of Company 

Original Paid-Up

Original paid-up capital of the Company was Rs 80 million which was subscribed by the holding company i.e. AOC, Government of Pakistan, investment companies and general public. The present paid-up capital of the Company is Rs 852.93 million.

Rich Experience

ARL is the pioneer of crude oil refining in the country with its operations dating back to 1922. Backed by a rich experience of more than 90 years of successful operations, ARL’s plants have been gradually upgraded / replaced with state-of-the-art hardware to remain competitive and meet new challenges and requirements.It all began in February 1922, when two small stills of 2,500 barrel per day (bpd) came on stream at Morgah following the first discovery of oil at Khaur where drilling started on January 22, 1915 and at very shallow depth of 223 feet 5,000 barrels of oil flowed. After discovery of oil in Dhulian in 1937, the Refinery was expanded in late thirties and early forties. A 5,500 bpd Lummus Two-Stage-Distillation Unit, a Dubbs Thermal Cracker Lubricating Oil Refinery, Wax Purification facility and the Edeleanu Solvent Extraction unit for smoke-point correction of Kerosene were added.

Capacity of Refinery

ARL Cover
There were subsequent discoveries of oil at Meyal and Toot (1968). Reservoir studies during the period 1970-78 further indicated high potential for crude oil production of around 20,000 bpd. In 1981, the capacity of Refinery was increased by the addition of two distillation units of 20,000 and 5,000 bpd capacity. Due to their vintage, the old units for lube/ wax production, as well as Edeleanu, were closed down in 1986. Another expansion and up gradation project was completed in 1999 with the installation of a Heavy Crude Unit of 10,000 bpd and a Catalytic Reformer of 5,000 bpd. In 2000, a Captive Power Plant with installed capacity of 7.5 Megawatt was commissioned.[2] Capacity of Refinery 

Latest Expansion Up-Gradation

best quality products in the market, endeavors to protect the environment and to ensure health and safety of its employees
The latest Expansion / Up-gradation Project completed in November 2016 comprised the following:

  1. Diesel Hydro Desulphurization (DHDS) unit: This has reduced Sulphur contents in the High Speed Diesel to meet Euro II specification
  2. Preflash unit: This has increased refining capacity by 10,400 bpd
  3. Light Naphtha Isomerization unit: This has enhanced production of Premium Motor Gasoline by about 20,000 M. Tons per mont
  4. Expansion of existing Captive power plant by 18 MW
  5. ARL’s current nameplate capacity stands at 53,400 bpd and it possesses the capability to process lightest to heaviest (10-65 API) crudes. The Company is ISO 9001, ISO 14001, ISO/IEC 17025, OHSAS 18001 certified and is the first refinery in Pakistan to implement ISO 50001 (Energy Management System)

Series of Firsts

  1. First refinery of the region (1922)
  2. First to start dispensing major products through pipeline using computerized metering system (1987)
  3. First to produce low sulfur furnace (less than 1%) (1998)
  4. First to produce low sulfur diesel (less than 0.5%) (1998)
  5. First to achieve ISO 9002 certification for quality control laboratory (1999)
  6. First to produce low lead premium gasoline direct from refinery process (1999)
  7. First to produce polymer modified asphalt (2001)
  8. First refinery/first petro-chemical plant / first major industry to get ISO 9001:2000 certificate (2001)
  9. First refinery / first petrochemical plant/first major industry to get ISO 14001 certificate (2002)
  10. First major industry to get OHSAS 18001 certification (2006).
  11. First in Oil and Gas sector to get ISO 17025 accreditation (2007)
  12. ISO 50001 Self Implementation (2012)


  1. Liquefied Petroleum Gas (Lpg)
  2. Solvent Grade 45/120
  3. Export Naphtha
  4. Unleaded Premium Motor Gasoline (Pmg)
  5. Mineral Turpentine (Mtt)
  6. Kerosene Oil
  7. Jp-1
  8. Jp-8
  9. High Speed Diesel (Hsd)
  10. Jute Batching Oil (Jbo)
  11. Light Diesel Oil (Ldo)
  12. Low Sulfur Fuel Oil (Lsfo)
  13. Furnace Fuel Oil (Ffo)
  14. Residuel Furnace Oil (Rfo)
  15. Paving Grade Asphalts
  • Grade: 60/70
  • Grade: 80/100

Achievement Awards

  1. UN Global Compact Award 2010-2011
  2. Annual Environmental Excellence Award 2011
  3. ECO Green Award 2011
  4. RoSPA Award 2013
  5. Best Corporate Report Award 2012 (ICAP & ICMAP)
  6. Best Sustainability Report Award 2012 (ACCA & WWF)
  7. HRBS Talent Triangle Award 2012

Future Projects

Attock Refinery Ltd. (ARL) employees work in the control room of the company's
Viability of further expansion / upgradation of the refinery will depend on sustainable local crude availability, quality of crude, demand supply situation of products and the prevalent product specifications in the country.

Refinery Upgradation

In order to further improve the product specifications and enhance value added products’ volume, installation of process units like Continuous Catalytic Regeneration (CCR) Naphtha Reforming Unit, Hydrocracker and Delayed Coker units are being explored.

New Refinery

ARL also has plans to install a state-of-the-art new deep conversion green- field refinery of 50,000 BPD capacity, if sustainable enhanced supplies of local crude from North become available and the Government comes up with investment friendly Refining policy.

White Oil Pipeline Project

Attock Refinery Ltd. (ARL) employees walk past the company's facilities in the Morgah

This project comprises of a cross country product oil pipeline from Machike-Taru Jabba- Peshawar. The Project is on hold due to various issues related to throughput, guarantees and tariff considerations.


  1. M. Adil Khattak, Chief Executive Officer
  2. Ejaz H. Randhawa, Deputy General Manager  Operations, Planning & Development
  3. Syed Asad Abbas, Assistant General Manager Finance & Corporate Affairs
  4. Brig. (R) Javed Iqbal Malik, Assistant General Manager (Human Resources & Administration)
  5. Asif Saeed Senior Manager Commercial & Materials Management
  6. Salman Tariq, Senior Manager  Maintenance
  7. Munir A.Temuri, Senior Manager Technical Services
  8. Anwer Saeed, Manager Health, Safety, Environment  and Quality
  9. Saeed Uddin Faruqi, Manager Engineering
  10. Usman Ishaq, Deputy Manager Business Review & Assurance Department 


 Beta[3] Overall  1.53
 Market Cap(Mil.) ₨21,391.48
 Shares Outstanding(Mil.) 85.29
 Dividend 6.00
 Yield (%) 2.39


 P/E (TTM)27.66 16.34
 EPS (TTM) —
 ROI7.99 34.70
 ROE11.93  17.10

Peer Analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployees
Pakistan Refinery Ltd71.13bn1.29bn4.84bn288.00
Hi-Tech Lubricants Ltd7.80bn778.94m8.59bn
Byco Petroleum Pakistan Limited88.57bn1.40bn13.44bn700.00
Attock Refinery Ltd107.97bn6.68bn21.39bn980.00
Shell Pakistan Limited162.83bn6.45bn33.26bn425.00
National Refinery Limited111.64bn7.84bn36.12bn1.09k
Hascol Petroleum Ltd[4] Peer Analysis 153.81bn1.40bn38.37bn519.00
Attock Petroleum Ltd.145.69bn5.07bn47.67bn378.00
Pakistan State Oil Company Limited943.29bn18.88bn98.73bn1.83k

Other Board Members On Board Members

Name (Connections)Type of Board MembersPrimary Company
Shuaib MalikChairman of the BoardNational Refinery Limited
Abdus SattarMember of the Board of DirectorsNational Refinery Limited
Tariq Khan FCAMember of Audit CommitteeInvestment Corporation of Pakistan
Wael PharaonMember of the Board of DirectorsNational Refinery Limited
Laith PharaonMember of the Board of DirectorsNational Refinery Limited
Sajid NawazMember of the Board of DirectorsPakistan Oilfields Limited
Shamim KhanMember of the Board of DirectorsIGI Insurance Limited
Jamil KhanMember of the Board of DirectorsAttock Refinery Limited
Babar NawazMember of Audit CommitteeAttock Cement Pakistan Limited

Contact Information

Head Office Registered Office

  1. Address: Attock Refinery Limited Morgah, Rawalpindi, Pakistan.
  2. Tel: +92 51 5487041- 45
  3. Fax: +92 51 5487093-4
  4. E-mail: &
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