Avanceon Limited and its wholly owned subsidiary Octopus Digital Ltd will combine their respective expertise to deploy state of the art fuel retail automation solution on multiple sites for Gas & Oil Pakistan Limited (GO). The fuel retail solution will help GO maintain and streamline all elements of the forecourt environment by taking wetstock inventory from tanks, sales, and delivery reconciliation to detect and reduce fuel losses, maximize uptime, and increase productivity and efficiency.
GO is one of the major oil and gas players with a network of over 850 outlets across Pakistan and storage depots and terminals in Punjab, Sindh, KPK and Balochistan. The oil marketing company is primarily engaged in downstream petroleum business which includes marketing, storage, transportation, and supply operations.
Avanceon is already engaged with another fuel retail giant in Pakistan to streamline operations however, this project marks Octopus Digital Ltd entry into the fuel retail sector. Octopus Digital Ltd is poised to be listed on the Pakistan Stock Exchange with its planned IPO confirmed on September 16 & 17, 2021.