TotalEnergies

French firm TotalEnergies exits Pakistan D_Trends

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French firm TotalEnergies exits Pakistan D_Trends

ISLAMABAD: After Shell, the French firm Total has exited Pakistan, selling its shares to another leading global company, Gunvor. Following Shell Pakistan’s earlier departure, TotalEnergies Marketing & Services has now also wound up its operations in the country, formalising an agreement with Gunvor for the sale of its shares. TotalEnergies Marketing & Services, a major … Read more

TotalEnergies to sell 50% stake in Total PARCO Pakistan to Gunvor Group D_Trends

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TotalEnergies to sell 50% stake in Total PARCO Pakistan to Gunvor Group D_Trends

French oil major TotalEnergies has agreed to sell its 50% stake in oil marketing company Total PARCO Pakistan Limited to global commodities trader Gunvor Group, TotalEnergies said in a statement on Tuesday. A joint venture between Total Energies and Pak-Arab Refinery Limited in Pakistan, Total PARCO Pakistan limited has a retail network of more than … Read more