Aramco acquires 100% stake in Chile-based fuels & lubricants retailer Esmax

Aramco acquires 100% stake in Chile-based fuels & lubricants retailer Esmax

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, has completed the acquisition of a 100 percent equity stake in Esmax Distribución (Esmax), a leading diversified downstream fuels and lubricants retailer in Chile. Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence includes retail fuel stations, […]

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, has completed the acquisition of a 100 percent equity stake in Esmax Distribución (Esmax), a leading diversified downstream fuels and lubricants retailer in Chile.

Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence includes retail fuel stations, airport operations, fuel distribution terminals, and a lubricant blending plant.

The transaction, which was first announced in September 2023, represents Aramco’s first Downstream retail investment in South America, illustrates the attractiveness of this market, and supports the Company’s strategic goal to strengthen its Downstream value chain.

Yasser MuftiEVP – Products & Customers,Aramco

“We are delighted to conclude the acquisition of Esmax and look forward to working with the outstanding team on the ground in Chile to achieve our shared ambitions. Aramco aims to be a primary global retail player and this deal combines our