Saudi oil giant Aramco is set to make a significant move in Pakistan’s energy landscape by opening its first branded retail gas station by the end of 2024. This major development follows Aramco’s acquisition of a 40% stake in Gas & Oil Pakistan Ltd. (GO) in May, marking the company’s first downstream retail investment in […]
Islamabad: A high-level Inter-Ministerial Committee (IMC) on the petroleum sector, chaired by Foreign Minister and Deputy Prime Minister Senator Ishaq Dar, has directed the Petroleum and Power Divisions to reassess the settlement plan for circular debt. This evaluation is expected to explore the potential for cash and non-cash adjustments to help clear up balance sheets, […]
Introduction to PARCO Tenders PARCO, or Pakistan Arab Refinery Company, is a leading energy conglomerate in Pakistan, engaged in the refining, transportation, storage, and marketing of petroleum products. As part of its operations, PARCO regularly floats tenders for various projects and services, providing opportunities for businesses to participate and win contracts. Understanding the PARCO tenders […]
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