Saudi Aramco creates fuel retail subsidiary to expand downstream

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Reuters DUBAI
Last Updated : Dec 26 2018 | 7:06 PM IST

DUBAI (Reuters) - Saudi Aramco said on Wednesday it was establishing a domestic fuel retailing subsidiary as part of the national oil company's drive to expand into downstream businesses.

The new firm, Saudi Aramco Retail Co, will create a network of filling stations within Saudi Arabia to sell automotive fuels, Aramco said without giving details of the size, cost or time-frame for the network.

(Reporting by Andrew Torchia; Editing by Robin Pomeroy)

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First Published: Dec 26 2018 | 6:56 PM IST

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