Total Parco
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.
Private | |
Industry | Petroleum |
Founded | 2002 |
Headquarters | Karachi, Pakistan |
Parent | Total S.A. Pak-Arab Refinery |
Website | www |
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]
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gollark: Oh yes, terrible IO.
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gollark: <@151391317740486657> A notch is not something I want to get used to. It just makes the screen stupidly sized AND costs more.
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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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