since 1974
Pak-Arab Refinery Limited (PARCO) is a 60:40 joint venture between the Government of Pakistan and the Emirate of Abu Dhabi, through Mubadala Investment Company.
Established in 1974 as an oil pipeline company, today, through self-financed investments and modular growth strategy, PARCO has grown into one of Pakistan’s largest energy conglomerates and is an integral part of the petroleum supply chain of the country.
With its modern refinery, an extensive pipeline network, storage of over 1.5 million tons at various locations and marketing activities, PARCO is fueling Pakistan’s economic growth and saving millions of dollars of foreign exchange. This position in the industry has been achieved with a focus on operational excellence coupled with an expansion and diversification strategy leading to new projects, major acquisitions and increased development in the midstream and downstream energy sectors.
Vision
Be the sustainable and responsible energy lifeline of the nation by growing into a regionally competitive company with a focus on employee empowerment and building strong partnerships.
Mission
To transport, refine and market petroleum and related products in Pakistan in a safe, efficient, reliable and environment-friendly manner maintaining professional excellence and ensuring favorable returns on all employed resources.
Core Values
Trust & Integrity Care & Compassion Safety & Sustainability
PARCO has transformed into a tangible reality through its integration and expansion of projects, employing a modular growth approach driven by market demands.
Since 1974, PARCO embarked on a corporate journey characterized by modular growth. This strategic approach has propelled PARCO to become one of the most prominent conglomerates in Pakistan today. Notably, the company has achieved this remarkable growth while ensuring favorable returns for its shareholders, solely relying on internally generated funds without the need for additional equity injection.
Over the past five decades, PARCO has successfully initiated, completed, and commissioned a series of projects aimed at advancing Pakistan’s energy infrastructure. These endeavors have played a vital role in the country’s development and progress.
Pak-Arab Pipeline Company Limited (PAPCO) is a joint venture between PARCO (62%), Wafi Energy Pakistan Limited (formerly Shell Pakistan) (26%) and Pakistan State Oil (12%). PAPCO commissioned the White Oil Pipeline (WOP) in 2005 for USD 480 million, comprising of a 786 km long cross-country pipeline of 26” diameter, along with storage tanks, pumps and other allied facilities. WOP can transport 15 million tons per annum of Diesel and Petrol from Karachi ports to major consumption centers in up-country areas.
PARCO has a successful marketing joint venture with the Gunvor Group, a leading global energy commodities trading company. This 50:50 partnership, known as PARCO Gunvor Limited (formerly Total PARCO Pakistan Limited), operates under the Total PARCO brand through a licensing agreement with TotalEnergies. With a network of over 800 retail fuel stations and a lubricants blending and marketing business, it ranks among the largest Oil Marketing Companies in Pakistan.
Allan wrasse climbing gourami amur pike Arctic char, steelhead sprat sea lamprey grunion.
Spanish mackerel yellow weaver sixgill. Sandperch flyingfish yellowfin cutthroat trout grouper whitebait horsefish bullhead shark California smoothtongue, striped burrfish threadtail saber-toothed blenny Red Climbing perch: x-ray tetra fierasfer conger eel
Threadsail wrymouth goosefish goldeye harelip sucker panga pearlfish lampfish moonfish remora dottyback sábalo convict cichlid. Northern pike Kafue pike Rainbowfish, sábalo mola spaghetti eel swordtail Quillfish
Ratfish whiting nurse shark regal whiptail catfish. Black prickleback Mozambique tilapia yellowmargin triggerfish snubnose parasitic eel zebra shark pineconefish; California flyingfish
Yellowfin cutthroat trout soldierfish Rattail tigerperch lenok flying characin pipefish flagtail trumpeter candlefish.
Burma danio, freshwater eel rock beauty, milkfish; grunter lemon shark grenadier, “ricefish surf sardine Cornish Spaktailed Bream.” Hammerjaw trout, yellowfin croaker spiny basslet
Construction
65%
Production
93%
Deadline
41%
Drag
0
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Awesome team member
in Industrium Co
in Industrium Co
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Awesome team member
in Industrium Co
in Industrium Co
Company Registration Number : C-147/LR of 1973-1974
National Tax Number : 0801435-3
Auditors : KPMG Taseer Hadi & Co. Chartered Accountants, Sixth Floor, State Life Building, Blue Area, Islamabad, Pakistan.
