Aramco, TotalEnergies Launch Retail Network in Saudi Arabia

Aramco, TotalEnergies Launch Retail Network in Saudi Arabia

Aramco and TotalEnergies have launched the first two service stations of their joint retail network. (Aramco)

Saudi Aramco and TotalEnergies launched on Monday the first two service stations of their joint retail network in the Saudi capital, Riyadh, and Saihat, in the Kingdom’s Eastern Province.

It follows the signing of a 50:50 Joint Venture (JV) Agreement between Aramco and TotalEnergies in 2019, with plans to significantly upgrade a network of 270 service stations and expand the range of quality retail services available across the Kingdom.

This network will comprise Aramco or TotalEnergies branded stations, providing motorists with premium fuels and retail services, said a press statement.

Amin H. Nasser, Aramco President and CEO, said: “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. With our longstanding partner TotalEnergies, we are creating a premium network that will enhance the experience of Saudi Arabia’s motorists and travelers.”

“As the Kingdom scales up tourism projects, we can expect domestic travel to increase, along with demand for hospitality and travel services. With our entry into retail, we aim to deliver the best experience possible for customers, while creating opportunities for Saudis to pursue