by: TN Media News Pakistan:
“Saudi Aramco Makes Landmark Entry into Pakistan’s Fuels Retail Market with 40% Stake in Gas & Oil Pakistan”
In a significant move, Saudi Arabia’s oil giant, Aramco, has finalized agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd (GO), marking its debut in Pakistan’s fuels retail sector.
The transaction, subject to regulatory approvals, offers Aramco an expanded network for its refined products and new market avenues for Valvoline-branded lubricants. GO, a prominent downstream fuels and convenience store operator in Pakistan, holds substantial storage capacity and growth potential, aligning with Aramco’s downstream expansion strategy.
Analysts see this investment as a positive development for Pakistan’s oil market, boosting prospects and signaling Aramco’s strategic entry into the country’s petroleum retail sector.**
