Total Parco
 | |
| Company type | Private |
|---|---|
| Industry | Petroleum |
| Founded | 2002 |
| Headquarters | Karachi, Pakistan |
| Parent | Total S.A. Pak-Arab Refinery |
| Website | www |
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.
It was founded in 2002 as a joint venture between Pak-Arab Refinery (PARCO) and Total S.A.[1]
History
In 2013, the company announced a plan to acquire 438 petrol stations of Chevron Corporation Pakistan.[2]
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.[3]
References
- ^ "TOTAL-Parco secures 4.5pc market share". DAWN.COM. August 27, 2003.
- ^ "France's Total snaps up Chevron's Pakistan retail network". September 17, 2013 – via www.reuters.com.
- ^ "Total Parco plans Rs21 billion investment for Caltex acquisition". www.thenews.com.pk.
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