You are here: Home » Reuters » News
Business Standard

Saudi Aramco creates fuel retail subsidiary

Reuters  |  DUBAI 

DUBAI (Reuters) - Saudi Aramco is establishing a domestic fuel retailing subsidiary as part of the national oil company's drive to expand beyond crude oil production 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 on Wednesday, without giving details of the size, cost or time-frame for the network.In April, Aramco said it had signed a memorandum of understanding with French firm Total to evaluate the feasibility of jointly buying a retail service station network in Saudi ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 26 2018. 20:28 IST
RECOMMENDED FOR YOU