Karachi, Pakistan BASF has entered a partnership with Gas and Oil (GO) Pakistan to help vehicles improve fuel efficiency and reduce their environmental impact. A memorandum of understanding (MoU) was signed in the presence of Faisal Akhtar, Managing Director, BASF Pakistan and Zeeshan Tayyeb, Chief Operating Officer, GO Pakistan.
Under the MoU, GO will use BASF’s wide range of additives for conventional fuel to reduce fuel consumption and emissions. In addition, both parties will exchange knowledge to serve local customers in Pakistan better.
“Air pollution is a pressing issue in Pakistan. With GO’s expertise in the downstream petroleum business and our world-class components and formulations, we aim to bring chemistry-driven innovations to the automotive industry in the country,” said Faisal Akhtar.
“As one of the leading oil marketing companies in the country, we aim to supply high-quality petroleum products to our customers across Pakistan. With partners like BASF, we are one step closer to making our mission a reality,” said Zeeshan Tayyeb.
About BASF in Pakistan
BASF is celebrating 50 years of creating chemistry in Pakistan. With offices in Karachi, Lahore and Islamabad, and a production site in Karachi, BASF offers innovative solutions to many key business sectors in Pakistan. In 2019, BASF posted sales of approximately €85 million to customers in Pakistan and had 71 employees as of the end of the year. Further information on BASF in Pakistan is available at www.basf.com/pk.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.
About Gas & Oil Pakistan Limited (GO)
GO is the fastest growing oil marketing company in Pakistan. With offices in Lahore, Karachi and Multan, and depots and terminals across Pakistan boasting one of the largest storage capacities in the country, GO operates more than 650 fuel retail outlets. GO is also the first oil marketing in Pakistan to introduce Electric Vehicle chargers. In 2019, GO posted sales of approximately US$ 1 billion. Further information on GO is available at www.gno.com.pk