OMCs taking new shape under distinguished career of 'GO'.

Interview with Mr Khalid Riaz - CEO, Gas and Oil Pakistan Limited

Khalid Riaz, Chief Executive Officer of Gas and Oil Pakistan Limited (GO) is a veteran of the retail and oil transportation sector with rich experience in the field spanning more than 35 years. Khalid Riaz comes from a traditional family of Qabula Sharif, which is also his hometown. In 1979, at a very young age, he started his career by joining his father's family business, which dealt in petroleum products. In 1981, he started his first retail outlet and went onto opening new retail outlets. In 1998, he started his logistics services, which eventually became a big logistics network providing services to major oil marketing companies (OMCs) in Pakistan. In 2011, he came up with the idea of starting an OMC, which was taken forward. He partnered with Sheikh Shehzad Mubeen and Bilal A. Ansari to form GO.

Milestones achieved by GO

2015 - OGRA permission to initiate Sales and Marketing of petroleum products in Punjab.

2016 - OGRA permission to initiate Sales and Marketing of petroleum products in Sindh.

2017 - OGRA permission to initiate Sales and Marketing of petroleum products in Khyber Pakhthunkhwa (KPK).

2017 - Conversion to public limited company (unlisted).

2018 - Strategic partnership with Vitol by having 10% equity investment.

2018 - Commissioning of Mahmoodkot Terminal, the state-of-the-art and the largest oil storage facility of any OMC in Punjab.

2019 - OGRA permission to initiate Sales and Marketing of petroleum products in Balochistan.

2019 - Permanent Marketing License by OGRA.

2020 - First OMC to introduce Electric Vehicle Chargers in Pakistan.

Following are excerpts from an exclusive interview with Khalid Riaz.

PAGE: Where does GO rank amongst other OMCs operating in Pakistan?

Khalild Riaz: GO is the fastest growing OMC with a network of over 670 retail outlets operating in Pakistan with a market share of approximately 10%. GO is operating in all the provinces of the country with presence on main highways and motorways. GO is the first OMC to introduce Electric Vehicle Chargers in Pakistan. GO was ranked as the 5th largest OMC in 2019 and is at the 3rd position (Petrol and Diesel) for January-October 2020 period. By 2022, GO plans to have more than 1,000 retail outlets across Pakistan by having presence on motorways and highways.

PAGE: How big is GO storage infrastructure?

Khalild Riaz: GO has oil storage depots and terminals across Pakistan with a total available...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT