Pak-Arab Refinery acquires SHV Energy Pakistan (Private) Limited

Karachi, October 03, 2012 (PPI-OT): Pak-Arab Refinery Limited (PARCO) has acquired SHV Energy Pakistan (Private) Limited w.e.f October 1, 2012.

SHV Energy Pakistan (Private) Limited was previously a 100% owned subsidiary of SHV Calor Asia B.V. (Netherlands) and is one of the largest LPG marketing and distribution companies in Pakistan. The Company has been issued a license for storage, processing, filling and distribution of LPG by the Oil and Gas Regulatory Authority (“OGRA”). It has a nation-wide network of distributors and customers and also has expertise in industrial applications of LPG.

PARCO is a joint venture between the Government of Pakistan and the Emirate of Abu Dhabi. PARCO, A fully integrated energy company is a key player in Pakistan’s oil supply and logistics and has become the strategic fuel supplier to the country with a broad portfolio of operational ventures in Refining, Transportation, Storage and Marketing of petroleum products.

For more information, contact:
Pak-Arab Refinery Limited
House No. 2-B, Nazimuddin Road,
Sector F-8/1,
Islamabad.
Tel: 051-2856914
Fax: 051-2856913
Web: http://www.parco.com.pk