Saudi Aramco Finalizes Purchase of 40% Stake in GO Pakistan
Saudi Aramco has finalized the purchase of a 40 percent equity stake in Gas & Oil Pakistan Limited (GO), as announced in a media release today.
This acquisition, initially disclosed in December 2023, marks Aramco’s inaugural Downstream retail investment in Pakistan, showcasing the company’s expanding retail footprint in lucrative markets. In March, Aramco acquired full ownership of Esmax Distribución SpA (“Esmax”), a prominent diversified downstream fuels and lubricants retailer in Chile.
Aramco’s Executive Vice President of Products & Customers, Yasser Mufti commented, “Our global retail expansion is advancing, and this acquisition marks a significant stride forward. Through our strategic collaboration with GO, we anticipate delivering Aramco’s premium products and services to esteemed customers in Pakistan. We warmly welcome GO as another esteemed addition to Aramco’s growing roster of global partners. We are eager to leverage our collective resources and expertise to unlock fresh opportunities and further enhance the Aramco brand internationally.”
