Agreement Signed with Total Parco for 50% Stake, Says Chairman
ISLAMABAD: Gunvor Group Chairman Torbjorn Tornqvist, alongside Total Energies Vice President Mehmet Celepoglu, met with Prime Minister Shehbaz Sharif on Monday to discuss investment opportunities in Pakistan’s energy sector.
During the meeting, PM Sharif emphasized that Pakistan’s economy had stabilized and was on a growth trajectory. He outlined ongoing reforms to encourage investment and business activity, noting that these measures were already yielding positive outcomes. The prime minister also reiterated the government’s commitment to removing barriers to foreign investment.
Tornqvist expressed Gunvor Group’s strong interest in the petroleum sector, revealing that they had signed an agreement to acquire a 50% stake in Total Parco. He commended the government’s pro-investment steps and was assured full support from relevant authorities by PM Sharif.
The meeting was attended by federal ministers Ahad Khan Cheema, Dr. Musadik Malik, PM’s Special Assistant Tariq Fatemi, and other high-level officials.
Separately, the Oil Marketing Association of Pakistan (OMAP), led by Senior Vice Chairman Tariq Mehmood, met with Federal Minister for Commerce Jam Kamal Khan to discuss expanding licensed fuel stations in Balochistan to improve service quality and create jobs.
