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Companies & Markets

Saudi Aramco creates fuel retail subsidiary to expand downstream

Published Wed, Dec 26, 2018 · 02:27 PM
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[DUBAI] 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.

REUTERS

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