Aramco to acquire a 40% stake in Gas & Oil Pakistan.

Aramco, an integrated energy and chemicals company, agreed to acquire a 40% stake in Gas & Oil Pakistan, a diversified downstream fuels, lubricants and convenience stores operator. Financial terms were not disclosed. “Our second planned retail acquisition this year aligns with Aramco’s downstream expansion strategy, with a clear path ahead for growing an integrated refining, marketing, lubricants, trading and chemicals portfolio worldwide. GO has a significant storage capacity, high-quality assets and growth potential, which will help launch the Aramco brand in Pakistan,” Mohammed Y. Al Qahtani, Aramco Downstream President.