Saudi Aramco finalizes acquisition of 40% stake in GO Pakistan

Saudi Aramco has completed its acquisition of 40 percent stake in Gas & Oil Pakistan Limited (GO), the energy company announced in a press release today.

“The acquisition, first announced in December 2023, represents Aramco’s first downstream retail investment in Pakistan and signals the Company’s growing retail presence in high-value markets. In March, Aramco also acquired 100% of Esmax Distribución SpA (“Esmax”), a leading diversified downstream fuel and lubricant retailer in Chile,” the company said.

Yasser Mufti, Aramco’s executive vice president for products and customers, said: “Our global retail expansion is gaining momentum and this acquisition is an important next step in our journey. Through our strategic partnership with GO, we look forward to providing high-quality Aramco products and services to valued customers in Pakistan. We are also pleased to welcome another high-calibre member of Aramco’s growing network of global partners and look forward to combining our resources and expertise to unlock new opportunities and further develop the Aramco brand abroad.”