GASCO to set up fully-owned LPG subsidiary

16/02/2021 Argaam

GASCO building

The board of directors of National Gas and Industrialization Co. (GASCO) approved, during a meeting held on Feb. 15, 2021, the establishment of a limited liability subsidiary, 100% owned, with its registered office in Riyadh.

 

GASCO said in a bourse statement that the new company will specialize in establishing and building liquefied petroleum gas (LPG) networks and tanks, developing LPG products and solutions, and providing related technical and engineering consultancy services.

 

This comes in line with GASCO’s strategy to upgrade services and solutions provided to LPG customers across Saudi Arabia.

 

The decision will come into effect after obtaining the required approvals and licenses from the relevant authorities.

 

GASCO will announce any updates in this regard in due course.

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