Pak-Arab Refinery Limited (PARCO) has acquired SHV Energy Pakistan (Private) Limited with effect from October 01, 2012. According to a press release, SHV Energy Pakistan (Private) Limited was previously a 100 percent 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.
Source: Business Recorder
Editors Note:
Parco is a joint venture between the Government of Pakistan and the Emirate of Abu Dhabi. PARCO is a key player in Pakistan’s oil supply and logistics with a broad portfolio of operational ventures in refining, transportation, storage and marketing of petroleum products.
