Total Parco

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Total Parco Pakistan
Company typePrivate
Industry Petroleum
Founded2002;22 years ago (2002)
Headquarters Lahore, Pakistan
Parent TotalEnergies
Pak-Arab Refinery
Website www.totalparco.com.pk

Total Parco Pakistan Limited, stylized as TOTAL PARCO, is a Pakistani oil marketing company which is a subsidiary of French company Total S.A. It is based in Lahore, Pakistan.

Total Parco the second largest petrol pump network in Pakistan. [1] It operates more than 800 petrol pumps. [1] [2]

History

It was founded in 2002 as a joint venture between Pak-Arab Refinery (PARCO) and Total S.A. [3]

In 2013, Total announced a plan to acquire 438 petrol stations of Chevron Corporation Pakistan. [4] The acquisition was complated in 2015 and Caltex petrol pumps were renamed as Parco Total. [5]

In 2024, Gunvor acquired 50 percent stake of TotalEnergies in Total Parco. [1]

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References

  1. 1 2 3 Hunter, Archie; Mangi, Faseeh (6 August 2024). "Gunvor to Buy 50% Stake in Total's Pakistan Fuel Stations". Bloomberg.
  2. "Cnergyico leaps ahead of Shell and Total to become largest private-sector fuel retailer". Profit by Pakistan Today. 16 January 2022. Retrieved 24 January 2022.
  3. "TOTAL-Parco secures 4.5pc market share". Dawn. 27 August 2003. Retrieved 15 September 2020.
  4. Dinesh Nair and Michel Rose (17 September 2013). "France's Total snaps up Chevron's Pakistan retail network". Reuters News Agency website. Retrieved 15 September 2020.
  5. Tariq Ahmed Saeedi. "Total Parco plans Rs21 billion investment for Caltex acquisition". The News International. Retrieved 15 September 2020.