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Saudi Aramco enters into fuel retailing
Dec. 27, 2018
Source: Reuters

Saudi Aramco enters into fuel retailing

In a statement released yesterday, state-owned Saudi Aramco informed about launching a domestic fuel retailing subsidiary, Saudi Aramco Retail Co, in order to expand into downstream businesses. Through the newly established entity, the oil major aims to create a network of filling stations within Saudi. While plans of making an IPO were halted this year, the new retail subsidiary could help Riyadh to go ahead with an IPO in Aramco.

   Read More About : DOWNSTREAM Saudi Arabia Saudi Aramco Trade IPO
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