Material Information of Pakistan State Oil Company Limited (Updated on 05-03-2020).

Karachi: Pakistan State Oil Company Limited informed Pakistan Stock Exchange that that a compromise decree has been allowed by the Honourable High Court of Sindh in Suit No. 931 of 2015 whereby the Company has subscribed 21 million Right Shares of Pakistan Refinery Limited ("PRL") offered to Chevron Global Energy Inc. USA ("Chevron") in 2015 and also acquired 2.625 million Class B shares of PRL from Chevron.

Pakistan State Oil Company Limited is a public limited company incorporated in Pakistan in 1976. The foundations of the company are laid using the Companies Ordinance, 1984. The principle activities of the company are procurement, storage and marketing of petroleum and related products. The company is also known for blending various kinds of lubricating oils. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The products which the company sells include Motor Gasoline...