Aramco To Acquire 40% Stake In Gas & Oil Pakistan.

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  • Source:
    World Energy News. 12/12/2023, pN.PAG-N.PAG. 1p.
  • Additional Information
    • Subject Terms:
      MERGERS & acquisitions; SAUDI Aramco (Company); PETROLEUM industry; RETAIL industry; CONTRACTS
    • Subject Terms:
      PAKISTAN
    • Abstract:
      Aramco, a global energy and chemicals company, has signed agreements to acquire a 40% stake in Gas & Oil Pakistan Ltd. (GO), a major retail and storage company in Pakistan. This move marks Aramco's entry into the Pakistani fuels retail market and aligns with their strategy to strengthen their downstream value chain internationally. The acquisition will provide Aramco with additional outlets for their refined products and create new market opportunities for Valvoline-branded lubricants. The transaction is subject to regulatory approvals. [Extracted from the article]