Pak-Arab Refinery Limited (PARCO) has acquired SHV Energy Pakistan (Private) Limited, one of the country’s largest LPG marketing and distribution firms, The acquisition would take effect from the first of this month. The SHV Energy Pakistan 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 nationwide network of distributors and customers and also has expertise in industrial applications of LPG. The 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.
