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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 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]
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 ...
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 ] .
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.
Caltex is a petroleum brand name of Chevron Corporation used in the Asia-Pacific region, the Middle East, and Southern Africa. [1] Headquartered in Singapore, it is also the brand name of non-Chevron petroleum companies in some countries (such as New Zealand, and previously Australia and South Africa) under a trademark licensing agreement with Chevron.
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.