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Total Parco

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Total Parco Pakistan
Company typePrivate
IndustryPetroleum
Founded2002; 22 years ago (2002)
HeadquartersLahore, Pakistan
ParentTotalEnergies
Pak-Arab Refinery
Websitewww.totalparco.com.pk

Total Parco Pakistan Limited, stylized as TOTAL PARCO, is a Pakistani oil marketing company which is a subsidiary of French company Total S.A. It is based in Lahore, Pakistan.

Total Parco the second largest petrol pump network in Pakistan.[1] It operates more than 800 petrol pumps.[1][2]

History

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It was founded in 2002 as a joint venture between Pak-Arab Refinery (PARCO) and Total S.A.[3]

In 2013, Total announced a plan to acquire 438 petrol stations of Chevron Corporation Pakistan.[4] The acquisition was complated in 2015 and Caltex petrol pumps were renamed as Parco Total.[5]

In 2024, Gunvor acquired 50 percent stake of TotalEnergies in Total Parco.[1]

References

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  1. ^ a b c Hunter, Archie; Mangi, Faseeh (6 August 2024). "Gunvor to Buy 50% Stake in Total's Pakistan Fuel Stations". Bloomberg.
  2. ^ "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.
  3. ^ "TOTAL-Parco secures 4.5pc market share". Dawn. 27 August 2003. Retrieved 15 September 2020.
  4. ^ 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.
  5. ^ Tariq Ahmed Saeedi. "Total Parco plans Rs21 billion investment for Caltex acquisition". The News International. Retrieved 15 September 2020.