Puma Energy enters Pakistan's fuel retailing market with JV
Author: Windbetll tank gaugeTime: 2017-12-26
International energy company Puma Energy has entered into an agreement with the Chishti Group to acquire 51% interest in Admore Gas Pvt. Ltd, one of Pakistan´s leading OMCs with a network of 470 stations.
The acquisition forms part of Puma Energy's global strategy of disciplined investing in fast-growing markets with a high demand for oil products, according to the company.
The joint venture will bring Puma Energy branded retail sites, convenience stores and quality product range to the Pakistan market.