Parco acquires SHV Energy Pakistan

Pak-Arab Refinery Limited (Parco) has acquired SHV Energy Pakistan (Private) Limited, one of the largest LPG marketing and distribution companies in Pakistan. The acquisition took effect on October 1.
SHV Energy Pakistan has a license for storage, processing, filling and distribution of LPG by the Oil and Gas Regulatory Authority (OGRA). Parco, the new owner, also has a nationwide network of distributors and customers, as well as expertise in the industrial applications of LPG.
Parco is a joint venture between the government of Pakistan and the Emirate of Abu Dhabi. The company is a fully integrated energy company and is considered a key player in Pakistan’s oil supply and logistics. It 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. (October 4, 2012)