Saudi Aramco and TotalEnergies launch retail network in Saudi Arabia

Saudi Aramco and TotalEnergies have launched the first two service stations in their joint retail network, Trade Arabia reported.

For the latest headlines, follow our Google News channel online or via the app.

The first two stations opened in the capital Riyadh and Saihat, in the Eastern Province.

The launch follows the signing of a joint venture agreement between Aramco and TotalEnergies in 2019 with plans to upgrade the network of 270 stations.

“The opening of the first service stations marks an important milestone as we continue to expand our presence in the kingdom’s downstream value chain,” Amin H. Nasser, Aramco President and CEO was quoted as saying by Trade Arabia.

Patrick Pouyanné, Chairman and CEO of TotalEnergies was quoted as saying: “The opening of these two first stations is another step forward in reaffirming our long-standing partnership with Aramco, following our joint investments in Saudi Aramco Total Refining and Petrochemical Co. (SATORP) since 2008.

“I am delighted that this also marks a new milestone in our four decades-long presence in Saudi Arabia, contributing to the local economy of Saudi Arabia,” he added.

TotalEnergies-branded stations will house Bonjour Café, while Fai Café will operate out of the Aramco-branded stations.

Read more:

Saudi Aramco aims to achieve net-zero emissions from operations by 2050: CEO

Saudi women’s journey at Aramco

Aramco touches $2 trln, in sight of Apple’s place as world’s most valuable company