Puma Energy expands brand licenses with Chishti Group in Pakistan
Puma Energy International has signed an extended brand license agreement with the Chishti Group, authorising the use of the Puma Energy brand in Pakistan. This agreement underscores the growing prominence of Puma Energy as a fuel retail brand in high-potential growth markets.
The Chishti Group, which operates a retail network under the Puma Energy Pakistan brand, has more than 600 retail sites across the country that currently consists of more than 50 Puma-branded retail sites. The company plans to expand the network to include all the key retail sites as part of its growth plans. In addition, as part of its collaboration with Puma Energy International, the Chishti Group will explore powering Puma Energy-branded retail sites with solar energy as well as expanding its services to LPG distribution to consumers through its growing retail network.
The Chishti Group is a prominent business conglomerate in Pakistan, with a history dating back to 1954 when it was founded by Walliuddin Chishti. Starting as a small-scale packaging factory in Bolton Market, Karachi, the group has significantly expanded its operations over the years. The Chishti Group operates across various sectors, including health, education, finance, and energy.
The Pakistani fuel market has recently attracted significant interest from foreign investors including Saudi Arabia’s Aramco and Wafi Energy, as long-time player Shell exits the Pakistan market.
Signing ceremony and high-level discussions
The agreement was signed by Hadi Hallouche, CEO of Puma Energy International, and Amir Chishti, chairman of the Chishti Group. A delegation from Puma Energy International, including representatives from Trafigura and Puma Energy Pakistan, met with Pakistan’s Caretaker Federal Minister of Energy, Muhammad Ali. They discussed the country’s future outlook and the Group’s commitment to Pakistan.
The delegation from Chishti Group included Amir Chishti, chairman; Fayaz Khan, CEO of Puma Energy Pakistan; Javed Ahmedjee, vice chairman of the Board of Directors of Puma Energy Pakistan; and Kamal Haider, board member of Puma Energy Pakistan.
Puma Energy’s headquarters is located in Singapore. The company operates in various sectors including retail fuel distribution, commercial fuel, aviation fuel, and lubricants, with a presence in multiple countries around the world. Puma Energy is a multinational mid- and downstream oil company, and its ownership is divided among several entities. The majority shareholder is Trafigura, a global commodity trading company, which holds a significant stake in Puma Energy. Other shareholders have included Sonangol, the state-owned oil company of Angola, and Cochan Holdings.
The company’s global operations and diverse ownership reflect its position as a significant player in the international oil and energy market.
