Saudi oil company Aramco to launch first gas station in Pakistan by year end.
Aramco, the Saudi state-controlled oil company, is all set to launch its first branded retail gas station in Pakistan by the end of the current year.
This follows its acquisition of a 40 percent stake in Gas & Oil Pakistan Ltd. (GO) in May, marking Aramco’s first downstream retail investment in the country.
Aramco’s venture in Pakistan comes after its recent acquisition of Esmax Distribución SpA, a fuel and lubricants retailer in Chile, earlier this year.
The acquisition, first announced in December 2023, represents Aramco’s first Downstream retail investment in Pakistan and signals the Company’s growing retail presence in high-value markets.
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Earlier in March, Aramco also acquired a 100% equity stake in Esmax Distribución SpA (“Esmax”), a leading diversified downstream fuels and lubricants retailer in Chile,” the company stated in a press release issued at that time.
In May 2024, Aramco completed the acquisition of a 40 percent equity stake in GO Petroleum to officially enter Pakistan.
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GO, a leading petroleum company in Pakistan focuses on the procurement, storage, and sale of petroleum products and lubricants.
Saudi Aramco, officially the Saudi Arabian Oil Group or simply Aramco, is a state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia.
As of 2022, it is the second-largest company in the world by revenue and is headquartered in Dhahran.
