About us

Wafi Energy Pakistan, formerly Shell Pakistan, is one of the oldest energy companies in Pakistan, shaping the nation’s energy landscape since 1947. As the exclusive licensee of Shell fuel and lubricants in Pakistan, the company combines global expertise with regional strength and a growth strategic focus.

Wafi Energy Pakistan is an established energy company with a network of 680+ Shell retail sites, nationwide oil terminal facilities, a lubricants oil blending plant, and a diverse portfolio of global Shell Lubricant brands and solutions. The company is also the largest private investor in the strategic White Oil Pipeline operated by Pak-Arab Pipeline Company (PAPCO).

Wafi Energy Pakistan’s story is inseparable from the story of Pakistan itself. The company’s commercial presence in the country dates to 1947, making it one of the very first international energy companies to operate in the new nation. The company’s roots in the subcontinent reach even further when Asiatic Petroleum first began importing kerosene oil into the region. A storage tank from 1898 stands as a physical testament to that era.

In November 2024, Wafi Energy Holding, based in the UAE, acquired an 87.78% stake in Shell Pakistan Limited, marking its entry into the Pakistani market. This investment in Pakistan brought in fresh capital, regional expertise, and a long-term strategic commitment to Pakistan’s energy future. An associated company to Wafi Holding has an agreement with Shell Brands International AG to be the sole representative of the Shell brand for fuel stations in Saudi Arabia. The strategic acquisition in Pakistan allows Wafi Holding to expand its energy business and strengthen its presence in the country, where Shell has a 79-year history.

Asiatic Petroleum – a joint venture between Shell Transport Company and Royal Dutch Petroleum Company – initiated kerosene oil imports from Azerbaijan into the subcontinent, establishing the foundation of what would become one of the region’s most enduring energy enterprises.

Royal Dutch Shell merged its marketing interests with Burmah Oil Company Limited, creating the Burmah Shell Oil Storage and Distribution Company – a unified platform for petroleum storage and distribution across the continent.

When Pakistan was created, Burmah Shell became one of the first international energy companies to operate in the new nation, embedding itself in the critical infrastructure of fuel and lubricants distribution from the country’s very first years.

The ownership structure shifted when 51% of the shares were transferred to Pakistani investors, leading to the rebranding of the company as Pakistan Burmah Shell (PBS) Limited.The company was listed on the Karachi Stock Exchange, marking its formal entry into Pakistan’s public capital markets and deepening its accountability to Pakistani shareholders.

Shell Petroleum increased its stake in the company, and the company was renamed Shell Pakistan Limited. This era accelerated investment in retail, lubricants, and national supply chain infrastructure.

In November 2024, Wafi Energy Pakistan Holding Limited – an Abu Dhabi-based company – acquired an 87.78% controlling stake in Shell Pakistan Limited. In January 2025, the company was formally renamed Wafi Energy Pakistan Limited.

Wafi Energy Pakistan is the exclusive licensee of Shell fuels and lubricants in Pakistan. Shell is one of the most recognized and trusted energy leader in the world – synonymous with quality, innovation, and performance.

In Pakistan, Shell retail fuel and services, Shell lubricants, and global standards continue through an exclusive licensing arrangement, ensuring complete continuity for customers, partners, and communities.

Wafi Energy Pakistan Limited is focused on operational excellence, growth, and generating shareholder value. In 2025, the Board authorized management to explore potential investment and acquisition opportunities in the oil marketing sector. The company is also advancing its investment strategy by planning a Dubai-based subsidiary to expand commercial activities and strengthen its regional presence. These strategic moves underscore Wafi Energy’s commitment to invest in Pakistan and build sustainable growth.

With a 79-year legacy, we are proud to support Pakistan’s growth through a strategic retail and terminal network — from vital storage at Keamari at the port city, to our mid-country joint venture installation, and a high-throughput terminal serving northern Pakistan.