Aramco, a global energy giant, has inked definitive agreements to acquire a substantial 40% equity stake in Gas & Oil Pakistan Ltd. (GO). This marks Aramco’s foray into the Pakistani fuels retail market, aligning with its strategy to fortify its downstream value chain on an international scale.

About Gas & Oil Pakistan

GO stands as a diversified downstream player, excelling in fuels, lubricants, and convenience stores. As one of Pakistan’s major retail and storage entities, GO is set to become a crucial partner for Aramco in this strategic acquisition.

Advancing Downstream Presence

This strategic move positions Aramco to secure additional outlets for its refined products, solidifying its footprint in the ever-growing Pakistani market. The acquisition sets the stage for expanded market opportunities, especially for Valvoline-branded lubricants, a testament to Aramco’s comprehensive downstream approach.

Aramco Downstream President’s Insight

Mohammed Y. Al Qahtani, Aramco Downstream President, emphasized the significance of this retail acquisition. Al Qahtani highlighted GO’s substantial storage capacity, premium assets, and promising growth potential. These factors, he believes, will play a pivotal role in establishing the Aramco brand prominently in Pakistan.

Regulatory Approvals and Beyond

While the agreement is a landmark step, it is essential to note that the transaction is subject to customary conditions, including regulatory approvals. Once finalized, the company is poised to leverage GO’s strengths to contribute to its integrated refining, marketing, lubricants, trading, and chemicals portfolio worldwide.