The Competition Commission of Pakistan (CCP) announced on Monday that Aramco, a leading Saudi petroleum refineries company, has acquired a 40% stake in GoPetroleum, marking a significant stride in Saudi Arabian investment in Pakistan’s energy sector.
Aramco Asia Singapore Pvt Ltd, a wholly-owned subsidiary of Saudi Aramco, spearheaded the transaction, marking Aramco’s inaugural foray into Pakistan’s fuel retail market. This move is anticipated to stimulate foreign direct investment in Pakistan’s energy sector, thereby bolstering economic growth and development.
Saudi Aramco, the state-owned petroleum and natural gas company of Saudi Arabia, is renowned globally for its expertise in integrated energy and chemicals. The acquisition signifies Aramco’s strategic entry into Pakistan’s energy landscape.
GoPetroleum, also known as Gas and Oil Pakistan Limited, is a licensed oil marketing company operating in Pakistan, engaged in the procurement, storage, sale, and marketing of petroleum products and lubricants. With its extensive reach in downstream fuels, lubricants, and convenience stores, GoPetroleum stands as one of Pakistan’s foremost retail and storage entities in the energy sector.
Pakistan’s passport has made a notable leap in global mobility rankings, entering the top 100…
An international survey conducted across 17 total countries, including Pakistan, was commissioned by the Global…
Data Vault Pakistan has officially launched the country’s first AI-focused data center in Karachi, a…
Ambiente Frankfurt 2026, the world’s leading international trade fair for consumer goods, is set to…
In a powerful demonstration of purpose-driven leadership, LuckyOne Mall—one of Pakistan’s premier lifestyle destinations—has unveiled…
In a new report, Kaspersky identified over 7 million compromised accounts belonging to streaming services…
This website uses cookies.