Puma Energy Pakistan

Pakistani Oil Marketing Company

Puma Energy

Type| Subsidiary
Industry| Oil and gas
Founded| 2001; 23 years ago (2001)
Headquarters|

Karachi, Pakistan

Area served

| Pakistan
Products| Petroleum products
Services| Distribution and retail
Website| www.pumapakistan.com

Puma Energy Pakistan, formerly known as Admore Gas, is a Pakistani oil marketing company which is a subsidiary of Singaporean company Puma Energy and is based in Karachi, Pakistan.[1]

It was founded in 2001.[1] The company operates more than 470 retail shops in the country.[2]

In 2014, it was acquired by the Pakistani conglomerate company Chisti Group.[2]

In 2017, Puma Energy acquired majority stake in the company.[3] As a result, company became a joint-venture between Puma Energy and Chisti Group.[4]

## Acquisition[edit]

Cnergyico Pk Ltd is in the process of acquiring 57.37 per cent shares of Puma Energy Pakistan. Once the transaction is completed then Cnergyico Pk Ltd would become country's second-largest fuel retailer.[5]

## See also[edit]

* Attock Petroleum Limited
* Pakistan State Oil
* Shell Pakistan

## References[edit]

1. ^ a b "Stocks". Bloomberg News.
2. ^ a b "Singapore oil firm acquires 51 percent stake in Admore". www.thenews.com.pk. August 26, 2017.
3. ^ Reporter, The Newspaper's Staff (November 3, 2017). "CORPORATE WATCH". DAWN.COM.
4. ^ "Singaporean energy firm buys local OMC". The Express Tribune. November 3, 2017.
5. ^ Reporter, The Newspaper's Staff (2022-01-14). "Cnergyico buys majority stake in Puma Energy". DAWN.COM. Retrieved 2022-01-24.

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