Rawalpindi February 18 2022: Attock Petroleum Limited (APL) in addition to successfully acquiring strategic locations along the major travel routes i.e., 05 service areas on Pindi Bhattian-Faisalabad-Multan Motorway (M-4) and 04
service areas on Dera Ismail Khan-Hakla Motorway (M-14), the Company has targeted the new Motorways on both the China Pakistan Economic Corridor (CPEC) Eastern and Western Routes.
These retail sites at well-travelled routes shall further strengthen the Company’s unparalleled
strength on the Motorways enabling the Company to gain extensive brand coverage across the
Country. As at December 31, 2021, the Company holds leasehold rights of 56% service areas established or to be established, located on the Motorways i.e., 31 out of total 55 service areas.
“Enhancement of retail network has always remained at the core of business strategy of Attock
Petroleum Limited” says Chief Executive Officer Shuaib A. Malik
As part of expanding its presence within the urban centers, the Company will be establishing 02 new flagship sites in Lahore.
APL has always strived to maintain its immaculate brand reputation through provision of quality
products and excellent customer services across its retail network. In order to ensure that the Company’s retail network continues to operate sustainably and reliably, a retail network purification plan has been formulated through which 33 retail outlets, not performing up to the mark, have been phased out.
Accordingly, the total number of retail outlets as at December 31, 2021 is
721.
Infrastructural development has always remained critical for the Company. As the network of Bulk Oil Terminals of APL expands across the Country, the Company can ensure timely delivery of quality products to its clientele. APL has stayed resilient and strongly committed to enhance storage capacity by establishing Bulk Oil Terminals at key locations across the Country. After the successful commissioning of Port Qasim Bulk Oil Terminal towards the end of last financial year, the Company has now allocated significant resources for establishment of Bulk Oil Terminal at
Tarujabba to better serve the KPK region. Land was previously acquired to establish the terminal and the Company is entering into construction phase after acquiring the required regulatory approvals and NOCs.
The Company has apportioned significant financial resources for development of many new retail outlets in major cities and along inter-provincial highways and motorways to strengthen retail network leading to long-term revenue generation for the Company. Accordingly, 40-50 new retail outlets under various categories have been planned for establishment during the year 2021-22, subject to regulatory approvals.
