Total Parco
Total Parco Pakistan Limited, stylized as TOTAL PARCO, is a Pakistani oil marketing company which is a subsidiary of French company Total S.A. The company is based in Karachi, Pakistan.
 | |
| Type | Private |
|---|---|
| Industry | Petroleum |
| Founded | 2002 |
| Headquarters | Karachi, Pakistan |
| Parent | Total S.A. Pak-Arab Refinery |
| Website | www |
Company overview
It was founded in 2002 as a joint venture between Pak-Arab Refinery (PARCO) and Total S.A.[1]
Total Parco Pakistan Ltd. has 800 petrol pumps. Whereas Cnergyico has 982 petrol pumps, the State-owned Pakistan State Oil Co. has 3,500 petrol pumps and Shell Pakistan Ltd. has 766 petrol pumps.[2]
History
In 2013, the company announced a plan to acquire 438 petrol stations of Chevron Corporation Pakistan.[3]
In 2015, the company announced to acquire and rename Caltex petrol pumps in Pakistan by an investment between US$200 million and US$250 million.[4]
References
- "TOTAL-Parco secures 4.5pc market share". Dawn (newspaper). 27 August 2003. Retrieved 15 September 2020.
- "Cnergyico leaps ahead of Shell and Total to become largest private-sector fuel retailer". Profit by Pakistan Today. 16 January 2022. Retrieved 24 January 2022.
- Dinesh Nair and Michel Rose (17 September 2013). "France's Total snaps up Chevron's Pakistan retail network". Reuters News Agency website. Retrieved 15 September 2020.
- Tariq Ahmed Saeedi. "Total Parco plans Rs21 billion investment for Caltex acquisition". The News International (newspaper). Retrieved 15 September 2020.
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