ISLAMABAD: Saudi company Wafi Energy Pakistan Limited announced on Wednesday that it has inked an agreement with Hyundai’s official manufacturing partner to supply premium lubricants for the company’s vehicles in Pakistan.
Wafi Energy, an affiliate of the Asyad Group, became the majority shareholder of Shell Pakistan Limited (SPL) in November 2024 and now holds approximately 87.78 percent of the total issued share capital of SPL, one of the oldest multinationals in Pakistan. The SPL has a network of over 600 sites, countrywide storage facilities and a broad portfolio of global lubricant brands.
Hyundai Nishat Motors is a joint venture among three leading international businesses: The Nishat Group, the Japan-based Sojitz Corporation and Millat Tractors Ltd. Hyundai Nishat Motors manufactures, markets and distributes Hyundai’s product line in Pakistan.
“Wafi Energy Pakistan Limited and Hyundai Nishat Motors have signed a strategic agreement for the supply of Shell lubricants for Hyundai vehicles in Pakistan,” the Saudi company said in a press release.
The contract signing ceremony in Lahore marked the launch of Shell Helix HX8 0W-20 AH, the company said.
