Aramco secures 40% stake in Gas & Oil Pakistan

An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. (Reuters)
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Updated 12 December 2023
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Aramco secures 40% stake in Gas & Oil Pakistan

  • GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan
  • The deal will be subject to specific conditions, including regulatory approvals, to advance Aramco’s strategy to strengthen downstream value chain

RIYADH: Saudi Aramco is set to enter the Pakistani fuels retail market for the first time after it signed an agreement to acquire a 40 percent stake in Gas & Oil Pakistan Ltd. 

GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan. 

The deal will help Aramco secure additional outlets for its refined products and provide new market opportunities for Valvoline-branded lubricants following its acquisition of the Valvoline Inc. global products business in February. 

The agreement will be subject to specific customary conditions, including regulatory approvals, to advance Aramco’s strategy to strengthen its downstream value chain internationally. 

Aramco Downstream President Mohammed Y. Al-Qahtani said: “Our second planned retail acquisition this year aligns with Aramco’s downstream expansion strategy, with a clear path ahead for growing an integrated refining, marketing, lubricants, trading and chemicals portfolio worldwide.” 

He added: “GO has a significant storage capacity, high-quality assets and growth potential, which will help launch the Aramco brand in Pakistan.” 

In February 2019, Pakistan and Saudi Arabia inked investment deals totaling $21 billion during the visit of Saudi Crown Prince Muhammad Bin Salman to Islamabad. The agreements included about $10 billion for an Aramco oil refinery and $1 billion for a petrochemical complex at the strategic Gwadar Port in Balochistan. 

Speaking to Arab News on the sidelines of the 7th edition of The Future Summit in Karachi in November, Pakistani Energy Minister Muhammad Ali explained that the South Asian nation was “actively engaged” with Saudi authorities on a multibillion-dollar Aramco oil refinery project and expected progress within two months.  

He highlighted that it was a “big project of $8-10 billion and everything from investment funding, its structuring, and policy framework has to be considered.” 

The project encompasses building an integrated refinery in Pakistan that can process up to 450,000 barrels of crude oil daily. 

Aramco is a global integrated energy and chemicals company that produces approximately one in every eight barrels of the world’s oil supply and develops cutting-edge energy technologies. 


UN torture expert decries Pakistan ex-PM Khan’s detention

Updated 12 December 2025
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UN torture expert decries Pakistan ex-PM Khan’s detention

  • Khan’s party alleges government is holding him in solitary confinement, barring prison visits
  • Pakistan’s government rejects allegations former premier is being denied basic rights in prison

GENEVA: Pakistan’s former prime minister Imran Khan is being held in conditions that could amount to torture and other inhuman or degrading treatment, the United Nations’ special rapporteur on torture warned Friday.

Alice Jill Edwards urged Pakistan to take immediate and effective action to address reports of the 73-year-old’s inhumane and undignified detention conditions.

“I call on Pakistani authorities to ensure that Khan’s conditions of detention fully comply with international norms and standards,” Edwards said in a statement.

“Since his transfer to Adiala Jail in Rawalpindi on September 26, 2023, Imran Khan has reportedly been held for excessive periods in solitary confinement, confined for 23 hours a day in his cell, and with highly restricted access to the outside world,” she said.

“His cell is reportedly under constant camera surveillance.”

Khan an all-rounder who captained Pakistan to victory in the 1992 Cricket World Cup, upended Pakistani politics by becoming the prime minister in 2018.

Edwards said prolonged or indefinite solitary confinement is prohibited under international human rights law and constitutes a form of psychological torture when it lasts longer than 15 days.

“Khan’s solitary confinement should be lifted without delay. Not only is it an unlawful measure, extended isolation can bring about very harmful consequences for his physical and mental health,” she said.

UN special rapporteurs are independent experts mandated by the Human Rights Council. They do not, therefore, speak for the United Nations itself.

Initially a strong backer of the country’s powerful military leadership, Khan was ousted in a no-confidence vote in 2022, and has since been jailed on a slew of corruption charges that he denies.

He has accused the military of orchestrating his downfall and pursuing his Tehreek-e-Insaf (PTI) party and its allies.

Khan’s supporters say he is being denied prison visits from lawyers and family after a fiery social media post this month accusing army leader Field Marshal Asim Munir of persecuting him.

According to information Edwards has received, visits from Khan’s lawyers and relatives are frequently interrupted or ended prematurely, while he is held in a small cell lacking natural light and adequate ventilation.

“Anyone deprived of liberty must be treated with humanity and dignity,” the UN expert said.

“Detention conditions must reflect the individual’s age and health situation, including appropriate sleeping arrangements, climatic protection, adequate space, lighting, heating, and ventilation.”

Edwards has raised Khan’s situation with the Pakistani government.