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It is the second largest petrol pump network in Pakistan. [7] Total Parco was founded in 2002 as a joint venture between Pak-Arab Refinery (PARCO) and Total S.A. [8] In 2013, Total Parco acquired 438 petrol stations of Chevron Corporation Pakistan. [9] The acquisition was completed in 2015 and Caltex petrol pumps were renamed as Total Parco. [10]
In response, the Government of Pakistan approached private sector companies operating in the country, including Shell Pakistan and Esso, proposing a joint venture to build a refinery in Karachi. [6] The private companies, seeking to protect their profits from oil imports, agreed to the government's proposal as an alternative to accepting the ...
In August 2024, it was announced that TotalEnergies had sold a 50% stake in Total PARCO Pakistan Limited, an oil marketing firm, to Gunvor Group. It was a joint venture between Total Energies and Pak-Arab Refinery Limited in Pakistan, with a retail network of more than 800 service stations. [25]
Pakistan State Oil: Rs. 206.89 billion (US$720 million) Karachi: Petroleum [2] 17: Standard Chartered Pakistan: Rs. 205.19 billion (US$710 million) Karachi: Banking [2] 18: Systems Limited: Rs. 181.10 billion (US$630 million) Lahore: Information technology [2] 19: Pakistan Oilfields Limited: Rs. 179.29 billion (US$620 million) Rawalpindi ...
Cnergyico Pk Limited, formerly Byco Petroleum Pakistan Limited and Bosicor Pakistan Limited, is a Pakistani petroleum refinery based in Karachi. [4] It is a subsidiary of the Mauritian company Cnergyico Industries Incorporated [ citation needed ] .
The crude oil that is produced in Pakistan gets refined at home at five oil refineries which are Cnergyico Pk Limited, Pak-Arab Refinery Company Limited , Pakistan Refinery Limited, Attock Refinery Limited, and National Refinery Limited. [7] The combined processing capacity of these five refineries is roughly 420,000 barrels per day.
Pakistan State Oil Company Limited is a Pakistani petroleum public company involved in procurement, storage, marketing and distribution of petroleum and related products. [3] [4] It has a network of 3,689 petroleum filling stations, out of which 3500 outlets serve the public retail sector and 189 outlets serve wholesale bulk customers.
In 1985, the group made a successful bid for the majority shares of Pakistan Services Limited, which then owned four Inter-Continental Hotels across Pakistan, the hotels were re-branded into Pearl-Continental Hotels. [2] In 1995, Hashoo acquired the US-based corporation Occidental Petroleum's Pakistan operations (now known as Orient Petroleum ...