Saudi Aramco eyes investments in fuel stations, says CEO

Saudi Aramco is considering investing in fuel Stations in the near future, Al-Eqtisadiah newspaper reported, citing chief executive officer Amin Nasser.

Currently there are no agreements in that regard, he added.

It was reported earlier that Saudi Aramco and France’s Total are in talks over buying companies such as Sahel, which sells retail fuel across the Kingdom. The two companies are looking into options, including merging some fuel stations or setting-up a company for that business.