Saudi Aramco creates fuel retail company

Saudi Arabia’s Aramco is creating a fuel retailing subsidiary for domestic sales, the company said in a statement on Wednesday.

Saudi Aramco Retail Company, the new downstream subsidiary, will sell automotive fuels through a network of filling stations in the country.

Aramco did not offer details on the timeframe for establishing the company or the likely scope of its network. No partners in the subsidiary were mentioned, although in April the NOC had announced an MoU with Total to study jointly undertaking a similar effort.

Recent Posts

Namibia gets $138.5-million boost for renewables vision

The World Bank has granted Namibia a $138 Read More

43 mins ago

PetroVietnam’s exploration arm announces oil finds

PetroVietnam exploration arm PVEP has announced two oil finds with combined initial reserves of 100 Read More

3 hours ago

Mozambique’s Coral Sul FLNG passes performance test

Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More

10 hours ago

Saudi Aramco hands $1.7-billion contract to China’s CPECC

Saudi Aramco has awarded a USD 1 Read More

15 hours ago

Seatrium wins MODEC contract for Guyana-bound FPSO

Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More

1 day ago

UK allows oil exploration in North Sea wind project zones

The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More

4 days ago

This website uses cookies.