Aramco acquires 40% stake in Gas & Oil Pakistan

Pakistan

LAHORE, May 31, 2024 – GO is a downstream fuels, lubricants and retail store operator in Pakistan with a network exceeding 1,200 retail fuel stations.

The acquisition marks the Saudi company’s entry into Pakistan’s downstream retail space and is part of its strategy for expansion in “high-value” downstream retail markets worldwide, which allows it to secure and de-risk liquids demand, supporting its upstream operations.

In March, Aramco made its debut in the South American downstream with the acquisition of Chile’s Esmax.

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