Vitol has completed its acquisition of 15% of Hascol Petroleum Limited in a $28million deal.
The company also has an option of buying another 10% shareholding within one year.
The company has more than 300 service stations in Pakistan, with sales increasing 38% in volume terms year on year end.
Chris Bake, member of the executive committee, said: “We are delighted to be investing Pakistan’s energy sector through Hascol, one of the country’s fastest growing distributors of energy.”
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