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Saudi Aramco Creates Fuel Retail Subsidiary to Expand Downstream

Source: Reuters 12/26/2018, Location: Middle East

Saudi Aramco said 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.

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