PARCO’s record of persistent success and credibility created a strong pull to bring in fresh investments in the time when foreign investors were generally reluctant to come in Pakistan.
PAK – ARAB PIPELINE COMPANY LIMITED (PAPCO)
Pak – Arab Pipeline Company Limited (PAPCO) – is an excellent example of Public-Private partnership. Shell (26%), PSO (12%) and TOTAL PARCO Marketing Limited (formerly known as Chevron Pakistan Limited) (11%) joined hands with PARCO (51%) to build and operate a US$ 480 million cross-country pipeline system for transporting High Speed Diesel from Karachi ports to up-country locations. PAPCO was commissioned in March 2005, comprising 786 Km of 26” dia cross-country pipeline, storage tanks, pumps and other allied facilities. PAPCO has proven immensely successful as the main fuel carrier for the country.
TOTAL PARCO PAKISTAN LTD (TPPL)
TOTAL PARCO PAKISTAN LTD (TPPL) was established in 2001 – a joint venture between PARCO and TOTAL of France – for marketing of consumer petroleum products through its network of retail outlets across Pakistan. After the acquisition of Chevron Pakistan Limited (renamed as TOTAL PARCO Marketing Limited) by TPPL, today, the TOTAL PARCO network is a 50:50 joint venture with more than 800 retail fuel outlets, plus a lubricants blending and marketing business, making it the 3rd Largest Oil Marketing Company in Pakistan.
PARCO PEARL GAS (PVT) LTD
PARCO Pearl Gas (Private) Limited (PPGL) is a wholly owned subsidiary of PARCO. PPGL is the largest LPG marketing company in Pakistan, selling around 90,000 metric ton of LPG per annum in cylinders and bulk. It has a nation-wide network of distributors and has expertise in addressing industrial applications through its Industrial and Commercial solutions. The product is marketed nationally under brand name of Pearl Gas. Our vast portfolio covers all the product segments in the market. PPGL has been working towards providing energy solutions, keeping in view all possible dynamics and dimensions in the market.
PARCO COASTAL REFINERY (PCR) PROJECT
PARCO has initiated the development of a grass root 250,000 bpd deep conversion refinery project in the coastal area of Balochistan near Karachi, known as PARCO Coastal Refinery (PCR) as a 100% subsidiary of PARCO. It will be a significant addition to Pakistan’s oil refining infrastructure, for meeting Pakistan’s growing fuel requirements and is expected to be commissioned by 2023.