Puma Energy expands operations into Pakistan
KARACHI, PAKISTAN — Puma Energy, the globally integrated midstream and downstream energy company, has successfully concluded an agreement with the Chishti Group to acquire 51% interest in Admore Gas Pvt. Ltd (Admore). The agreement was first announced on the Aug. 25, and closing took place on Oct. 31. The new company will be called Puma Energy Pakistan (Private) Ltd.
The acquisition forms part of Puma Energy’s global strategy of disciplined investing in fast-growing markets with a high demand for oil products. Thus, offering the opportunity to improve local infrastructure, provide supply security and world-class retail propositions to local consumers.
Our joint venture partner has a significant retail network of over 470 sites nationwide. The acquisition will bring Puma Energy’s branded retail sites, lubricants, convenience stores and quality fuel product range to the Pakistan market. This follows Puma Energy’s previous investment in Africa, SE Asia and Latin America.
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