Gulf Oil expands to Pakistan in partnership with OTO

Gulf Oil International Limited has entered into a licensing agreement with OTO Pakistan (Private) Limited to distribute and sell its lubricant and fluid products in Pakistan.

This partnership marks Gulf Oil’s entry into the Pakistani market, leveraging OTO’s network of fuel stations and convenience stores to meet the increasing demand for quality lubricants.

The agreement was formalized at a signing ceremony held at Gulf Oil’s headquarters in London, introducing OTO as the newest partner in Gulf’s global network.

Tariq Mehmood, CEO of OTO Pakistan, emphasized the significance of Gulf Oil’s decision to enter Pakistan, noting it as an indicator of the country’s growing appeal to international investors in the petrochemical sector.

With a population of 245 million and a vehicle count exceeding 8 million, Pakistan presents a substantial market for lubricants and retail fuels.

Read more: https://profit.pakistantoday.com.pk/2024/02/25/gulf-oil-expands-to-pakistan-in-partnership-with-oto/