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Hascol acquires 20 new retail outlets at Lahore-Islamabad Motorway.

KARACHI -- Hascol Petroleum Limited has entered into an agreement with Motorway Operations and Rehabilitation Engineering (Private) Limited, a subsidiary of FWO, to take legal possession of 20 retail outlets located at M-2, Lahore-Islamabad Motorway. The inauguration ceremony of the first of these outlets has been held at Chakri Service Station, South Bound on 24thApril, 2015.

Director General FWO was the honored chief guest on the occasion which was also attended by Chief Operating Officer-MORE along with Saleem Butt COO and Executive Director, General Manager Marketing, General Manager Operations and Media Communication Manager of Hascol Petroleum Limited.

The acquired retail outlets were previously managed by another Oil Marketing Company. The term of the agreement is for a period of twenty years, and all these retail outlets will be Company operated under the brand name of HASCOL.

The retail outlets will be upgraded to International Standards and will be equipped with state-of-the-art equipment and facilities. With the addition of these outlets, the HASCOL brand will get a tremendous boost in Central Punjab and will have a positive impact on the sales volume and profitability of the Company.

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Publication:Frontier Post (Peshawar, Pakistan)
Geographic Code:9PAKI
Date:Apr 28, 2015
Words:185
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