Clover Pakistan Sets Sights on Oil Marketing Takeover

Clover Pakistan Limited is preparing to make waves in the energy sector with its latest announcement — the company is exploring a potential acquisition or strategic investment in an oil marketing company. This decision came after a recent meeting of its Board of Directors held on April 21, 2025. The board authorized management to initiate due diligence and appoint financial advisors to evaluate the opportunity.

This bold move follows Clover Pakistan’s earlier transition from the food business to petroleum. In February 2025, the company received shareholder approval to amend its core objectives, officially pivoting towards petroleum product trading, importing, exporting, marketing, and distribution — including oil, gas, hydrocarbons, and petrochemicals.

Clover Pakistan previously obtained a license from the Oil and Gas Regulatory Authority (OGRA) to operate as a lubricant marketing company, marking its entry into the automotive sector. The company began distributing lubricants and offering related automotive products like oil and air filters.

Backed by a strong financial turnaround, Clover Pakistan reported a profit of Rs171.77 million in the half-year ending December 2024, compared to a loss of Rs8.27 million during the same period the previous year. With this momentum, the company is steadily positioning itself as a new player in Pakistan’s oil and energy landscape.