Total Parco Explained

Total Parco Pakistan
Type:	Private
Location:	Lahore, Pakistan
Industry:	Petroleum
Parent:	TotalEnergies Pak-Arab Refinery

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]

Notes and References

1. Web site: Gunvor to Buy 50% Stake in Total’s Pakistan Fuel Stations . Archie . Hunter. Faseeh . Mangi . August 6, 2024 . Bloomberg.
2. Web site: 2022-01-16. Cnergyico leaps ahead of Shell and Total to become largest private-sector fuel retailer. 2022-01-24. Profit by Pakistan Today. en-US.
3. News: TOTAL-Parco secures 4.5pc market share. 27 August 2003. Dawn . 15 September 2020.
4. News: France's Total snaps up Chevron's Pakistan retail network. Dinesh Nair and Michel Rose. 17 September 2013. Reuters News Agency website. 15 September 2020.
5. Web site: Total Parco plans Rs21 billion investment for Caltex acquisition. The News International . Tariq Ahmed Saeedi. 15 September 2020.