Company type | Unlisted public company |
---|---|
Industry | Refinery |
Founded | 1974 |
Headquarters | Karachi-75190, Pakistan |
Key people | Irteza Ali Qureshi (managing director) |
Products | Oil, high speed diesel, kerosene oil, and petroleum distillates |
Revenue | Rs. 956.040 billion (US$3.3 billion) (2023) |
Rs. 114.336 billion (US$400 million) (2023) | |
Rs. 66.596 billion (US$230 million) (2023) | |
Total assets | Rs. 381.433 billion (US$1.3 billion) (2023) |
Total equity | Rs. 173.283 billion (US$600 million) (2023) |
Owner | Government of Pakistan (60%) Mubadala Investment Company(40%) |
Subsidiaries | Total Parco PARCO Coastal Refinery |
Website | parco |
Footnotes / references Financials as of 30 June 2023[update][1] |
Pak-Arab Refinery Company Limited (PARCO) (Urdu: پاک عرب ریفائنری) is a Pakistani joint venture oil and gas company active in refining, transporting and marketing petroleum products.[2] It is a joint-venture between governments of Pakistan and Abu Dhabi.[3][4][5]