Thursday, May 30, 2024

Middle East’s Most Valuable Company Saudi Aramco Acquires 40% Shares in Pakistan’s GoPetroleum

In a big move, Saudi Arabia’s Aramco has bought a 40% share in GoPetroleum, stepping into Pakistan’s fuel market.

The Competition Commission of Pakistan (CCP) confirmed the purchase, highlighting Aramco’s worldwide leadership in energy and chemicals. This deal is expected to bring in important foreign investment into Pakistan’s energy field, helping the country grow economically.

Aramco’s knowledge, along with GoPetroleum’s existing position in Pakistan, shows a hopeful partnership that can make things better in the country’s energy sector. This could strengthen relationships between the two countries and push progress in Pakistan’s energy scene.

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