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Saudi Aramco creates fuel retail subsidiary to expand downstream

Reuters  |  DUBAI 

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)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, December 26 2018. 18:56 IST