ISLAMABAD: Zeeshan Tayyeb, Chief Operating Officer, Gas & Oil Pakistan Ltd (GO), in a formal announcement, made clear that Aramco, Saudi Arabia’s state-owned oil giant, has not been commissioned in Pakistan so far.
The clarification came after the reports circulating in the media claimed that Aramco, one of the world’s leading integrated energy and chemicals companies, has launched its first branded outlet in Pakistan.
GO, a business partner of Aramco in Pakistan, has said that no site has been commissioned yet and the picture is of some other site outside Pakistan.
Earlier this year, Aramco completed its acquisition of a 40% stake in Gas & Oil Pakistan Ltd (GO). GO is a leading downstream fuel and retail store operator that 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.
