Joint Venture (JV) PARTNERS
| PARCO has the followiong strategic partnerships. | |
| TOTAL PARCO PAKISTAN LTD (TPPL) TOTAL PARCO PAKISTAN LTD (TPPL), is a joint venture between PARCO and TOTAL S.A of France. TPPL is marketing consumer petroleum products through its national network of retail outlets. At present TPPL has more than 175 retail outlets around the country. |
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| SHV ENERGY PAKISTAN | |
| SHV of Holland markets 25% of PARCO’s LPG production as ‘PEARL Gas’ under a Technical Services & Support Agreement (TSSA). SHV Holdings N.V is a Fortune 500, multinational operating in FMCG warehousing, natural gas exploration, venture capital and LPG marketing and distribution with a presence in over 36 countries. The SHV Gas Division operates in the downstream LPG marketing and distribution business and specializes in providing an economical, efficient and complete energy solution to industrial, commercial and domestic users. |  |
| OMV | |
| PARCO also markets lubricants all over Pakistan in association with OMV, Austria. OMV an oil and gas company, engages in the exploration, production, refining, transportation, and marketing of oil and gas. It has petrochemical properties in Austria, Kazakhstan, Libya, New Zealand, Pakistan, Romania, Tunisia, the United Kingdom, and Central and Eastern Europe. OMV is headquartered in Vienna, Austria. |  |
| 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 Chevron (11%) joined hands with PARCO (51%) providing the US$ 120 million equity to build and operate a cross-country pipeline system for transporting High Speed Diesel from Karachi ports to up-country locations. PAPCO was commissioned in March 2005, comprising 817 Km of 26” dia cross-country pipeline, storage tanks, pumps and other allied facilities. PAPCO has proven immensely successful as the main fuel corridor for the country. |  |