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Aramco, TotalEnergies launch retail network in Saudi Arabia

Aramco, TotalEnergies launch retail network in Saudi Arabia
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Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has partnered with TotalEnergies to launch the first two service stations of their joint retail network in Saudi Arabia.

The two stations, located in Riyadh and Saihat, are part of a network that will comprise Aramco or TotalEnergies branded stations to provide fuels and retail services. In addition, they are equipped with solar panels, in line with the Saudi Green Initiative’s goals.

The network followed the signing of an equally-shared joint venture (JV) Agreement between Aramco and TotalEnergies in 2019, according to a press release.

The two parties plan to upgrade a network of 270 service stations and expand retail services available across Saudi Arabia.

Aramco President and CEO, Amin Nasser, said: “With our entry into retail, we aim to deliver the best experience possible for customers, while creating opportunities for Saudis to pursue careers in retail and marketing.” 

Chairman and CEO of TotalEnergies, Patrick Pouyanné, noted: “The opening of these two first stations is another step forward in reaffirming our long-standing partnership with Aramco, following our joint investments in SATORP since 2008.”