RIYADH: Saudi Aramco is set to enter the Pakistani fuels retail market for the first time after it signed an agreement to acquire a 40 percent stake in Gas & Oil Pakistan Ltd.
GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan.
The deal will help Aramco secure additional outlets for its refined products and provide new market opportunities for Valvoline-branded lubricants following its acquisition of the Valvoline Inc. global products business last February.
Leave a Reply