Pakoil has been founded on 1994. In addition to agency service, operated as Technical Manager of several handy size bulk carriers, between 1997 to 2003
On December 2014 the Group re-activated Technical Management division which give company flexibility and open up new frontiers. Technical Management part re-activated to operate modern tankers.
On March 2015, the moment to remember for Pakoil; First modern tanker, M/T Alangova joined to Pakoil fleet. MT Alangova, 12089 Deadweight Tonnes, multi tank oil chemical carrier.
M/T Manas and M/T Selenka joined to Pakoil fleet. Total Deadweight reached to 33570 Tonnes.
M/T Basat and M/T Hulin joined to Pakoil fleet. Total Deadweight reached to 55050 Tonnes. The office moved from Tuzla region to Maltepe region.