International Business: Aramco in deal to develop fuel stations – Gulf Digital News

International Business: Aramco in deal to develop fuel stations – Gulf Digital News

RIYADH: Saudi Aramco has signed a memorandum of understanding with Saudi Airlines Real Estate Development Company to develop fuel service stations.

The MoU envisages evaluation of strategic sites to build and develop Aramco-branded fuel service stations, according to a statement.

It also includes exploring the possibility of adding special services for Saudia’s guests, as well as the potential for the airline to provide catering services for Aramco-branded convenience stores.

“This co-operation with Saudia aims to expand Aramco’s presence in the fuel sector around the kingdom, capitalising on the strategically located sites for Saudia across various regions in the kingdom,” said Yasser Mufti, Aramco vice president of fuels.

Aamco has also signed an agreement with Chinese oil giant China Petroleum and Chemical Corporation (Sinopec).

They pledged to work together on oil industry matters as well as carbon capture and the development of hydrogen as an energy source. They will also discuss building a manufacturing hub in the King Salman Energy Park in eastern Saudi Arabia, Aramco said.