Saudi Arabia’s state-owned oil giant, Aramco, has made its debut in Pakistan’s retail petroleum market with the launch of its first branded outlet.
This marks a significant milestone for the country’s economy and follows Aramco’s acquisition of a 40% stake in Gas & Oil Pakistan Ltd. (GO) earlier this year. GO, a leading downstream fuels and retail store operator boasts an extensive network of over 1,200 retail fuel stations across Pakistan.
Aramco’s investment in GO, announced in December 2023, represents the company’s first start into Pakistan’s downstream retail sector and underscores its growing presence in high-value markets.
This move is part of Aramco’s broader expansion strategy, which includes its recent acquisition of a 100% stake in Esmax, a prominent downstream fuels and lubricants retailer in Chile, in March.
Aramco’s entry into Pakistan’s retail petroleum market is expected to bring in significant investments, create jobs, and enhance the overall efficiency of the sector.
Original article Saudi oil giant Aramco makes debut in Pakistan's fuel retail sector - Daily Ausaf
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