The APL has signed an agreement with JX Nippon Oil & Energy Corporation Japan for joint business collaboration in lubricants throughout Pakistan. APL is the 3rd largest oil marketing company and an associate of the only vertically integrated oil group in Pakistan - The Attock Group; having over 500 Retail Outlets and over 10% market share in Pakistan.
On the other hand, JX Nippon Oil & Energy Corporation is acknowledged as the leading Oil & Energy group in Japan having varied businesses and more than 12,000 service stations & 3,000 lubricants grades; comprising over 40 % market share in Japan. The Historic agreement between Attock petroleum Limited and JX Nippon Oil & Energy Japan will not only open numerous new business avenues in Pakistan, but would serve as a practical vehicle for knowledge transfer, development of advanced technology performance grades and increased competition in the industry.-PR