Saudi Aramco, the state-controlled oil giant, is set to launch its first branded retail gas station in Pakistan by the end of this year. This move follows Aramco’s acquisition of a 40 percent stake in Gas & Oil Pakistan Ltd. (GO) in May, marking the company’s inaugural downstream retail investment in the country.

The venture into Pakistan is part of Aramco’s broader strategy to expand its retail presence in high-value markets. Earlier this year, Aramco acquired Esmax Distribución SpA, a prominent fuel and lubricants retailer in Chile, further solidifying its global retail footprint.

The acquisition of the stake in GO, first announced in December 2023, underscores Aramco’s commitment to growing its downstream operations. GO is a leading petroleum company in Pakistan, specializing in the procurement, storage, and sale of petroleum products and lubricants.

In a press release issued at the time of the acquisition, Aramco highlighted its strategic entry into Pakistan’s market, emphasizing the potential for growth and expansion in the region. The company aims to leverage its expertise and resources to enhance the retail fuel sector in Pakistan.