{"id":374023,"date":"2023-12-13T08:50:03","date_gmt":"2023-12-13T03:50:03","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=374023"},"modified":"2023-12-13T08:50:03","modified_gmt":"2023-12-13T03:50:03","slug":"saudi-aramco-secures-40-equity-stake-in-gas-oil-pakistan","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/saudi-aramco-secures-40-equity-stake-in-gas-oil-pakistan\/","title":{"rendered":"Saudi Aramco secures 40% equity stake in Gas &#038; Oil Pakistan"},"content":{"rendered":"<p> JEDDAH<br \/>\nAramco, the leading integrated energy and chemicals company in Saudi Arabia, is set to enter the Pakistani fuels retail market as it signed definitive agreements to acquire a 40 percent stake in Gas &#038; Oil Pakistan (GO) Ltd.<br \/>\nAccording to a statement, Aramco Executive Vice President of Products &#038; Customers, Yasser Mufti, signed the agreement with Gas &#038; Oil Pakistan (GO) founder and CEO Khalid Riaz. GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan.<br \/>\nThe transaction is subject to certain customary conditions, including regulatory approvals. \u201cThe planned acquisition is Aramco\u2019s first entry into the Pakistani fuels retail market, advancing the Company\u2019s strategy to strengthen its downstream value chain internationally,\u201d said the Saudi oil giant.<br \/>\nThe statement noted the transaction would enable Aramco to secure additional outlets for its refined products and further provide new market opportunities for Valvoline-branded lubricants, which the company acquired in February 2023.<br \/>\nMohammed Y. Al Qahtani, Aramco Downstream President, said, \u201cOur second planned retail acquisition this year aligns with Aramco\u2019s downstream expansion strategy, with a clear path ahead for growing an integrated refining, marketing, lubricants, trading and chemicals portfolio worldwide.\u201d<br \/>\n\u201cGO has a significant storage capacity, high-quality assets and growth potential, which will help launch the Aramco brand in Pakistan,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JEDDAH Aramco, the leading integrated energy and chemicals company in Saudi Arabia, is set to enter the Pakistani fuels retail market as it signed definitive agreements to acquire a 40 percent stake in Gas &#038; Oil Pakistan (GO) Ltd. According to a statement, Aramco Executive Vice President of Products &#038; Customers, Yasser Mufti, signed the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":374054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-374023","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Aramco secures 40% equity stake in Gas &amp; Oil Pakistan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/saudi-aramco-secures-40-equity-stake-in-gas-oil-pakistan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Aramco secures 40% equity stake in Gas &amp; Oil Pakistan\" \/>\n<meta property=\"og:description\" content=\"JEDDAH Aramco, the leading integrated energy and chemicals company in Saudi Arabia, is set to enter the Pakistani fuels retail market as it signed definitive agreements to acquire a 40 percent stake in Gas &#038; Oil Pakistan (GO) Ltd. According to a statement, Aramco Executive Vice President of Products &#038; Customers, Yasser Mufti, signed the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/saudi-aramco-secures-40-equity-stake-in-gas-oil-pakistan\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-13T03:50:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2023\/12\/Page-5aa-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1272\" \/>\n\t<meta property=\"og:image:height\" content=\"874\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/saudi-aramco-secures-40-equity-stake-in-gas-oil-pakistan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/saudi-aramco-secures-40-equity-stake-in-gas-oil-pakistan\\\/\"},\"author\":{\"name\":\"Web Desk\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\"},\"headline\":\"Saudi Aramco secures 40% equity stake in Gas &#038; 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