{"id":84599,"date":"2024-03-21T00:00:00","date_gmt":"2024-03-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/"},"modified":"2024-03-21T00:00:00","modified_gmt":"2024-03-21T00:00:00","slug":"aramco-eyes-fuel-retail-in-southeast-asia-and-africa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/","title":{"rendered":"Aramco eyes fuel retail in Southeast Asia and Africa"},"content":{"rendered":"

Aramco is <\/strong>looking to enter the fuel retail sector in Southeast Asia and Africa <\/strong>as it looks to tap countries with fast-growing economies, it told Al Eqtisadiah<\/a> yesterday. The markets are part of the company\u2019s current operations and its expansion strategy in the future, it said. <\/p>\n

The oil giant has been eyeing the fuel retail market for sometime: <\/strong>It set up<\/a> its subsidiary Saudi Aramco Retail (RetailCo) in 2018 under its strategy to bolster its downstream value globally. Locally, it launched in 2021<\/a> with French oil giant TotalEnergies a joint retail network under a 50-50 JV that plans to invest USD 1 bn through 2025. The Aramco-TotalEnergies JV aims to expand fuel retail offering here, acquiring an existing network of 270 service stations from local Tas\u2019helat Marketing Company and Sahel Transport Company. <\/p>\n

And some moves overseas:<\/strong> Aramco completed earlier this month<\/a> its acquisition of a 100% equity stake in Chile\u2019s fuel distributor Esmax Distribuci\u00f3n, marking its entry into fuel retailing in South America. The move came months after Aramco made its first move into Pakistan\u2019s retail fuel market after signing a binding agreement<\/a> in December to acquire a 40% stake in oil marketing company Gas & Oil Pakistan (Go).<\/p>\n

ALSO FROM ARAMCO-<\/strong> The state oil giant plans to raise natural gas output by 60% by 2030, Reuters<\/a> reported yesterday, citing statements by Aramco\u2019s Executive VP for Strategy and Corporate Development Ashraf Al Ghazzawi at an energy summit. His statements came weeks after Aramco shelved investment plans<\/a> in new production capacity on the back of an increasing emphasis on cleaner energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aramco completed in March its acquisition of a 100% equity stake in Chile\u2019s fuel distributor Esmax Distribuci\u00f3n<\/p>\n","protected":false},"author":1,"featured_media":84600,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2570],"tags":[139,2425,10,1301,1569,1570,407],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-aramco","tag-energy","tag-enterpriseam-ksa","tag-esmax-distribucion","tag-fuel-retail","tag-gas-oil-pakistan-go","tag-totalenergies","wpautop","entry"],"acf":{"mongo_id":"70b4a4f7-d125-4fa9-99e0-bbc7a85d12e5","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1961.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aramco eyes expansion into fuel retail in Southeast Asia and Africa to boost downstream value globally","related_issue":[84593],"teaser":"Aramco completed in March its acquisition of a 100% equity stake in Chile\u2019s fuel distributor Esmax Distribuci\u00f3n","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.bd96b0a9-97b1-4e82-9199-0c9d07679305.mp3"},"yoast_head":"\nAramco eyes fuel retail in Southeast Asia and Africa - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aramco eyes fuel retail in Southeast Asia and Africa\" \/>\n<meta property=\"og:description\" content=\"Aramco completed in March its acquisition of a 100% equity stake in Chile\u2019s fuel distributor Esmax Distribuci\u00f3n\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Aramco eyes fuel retail in Southeast Asia and Africa\",\"datePublished\":\"2024-03-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/\"},\"wordCount\":265,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Aramco\",\"ENERGY\",\"EnterpriseAM KSA\",\"Esmax Distribuci\u00f3n\",\"fuel retail\",\"Gas & Oil Pakistan (Go)\",\"TotalEnergies\"],\"articleSection\":[\"ENERGY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/\",\"name\":\"Aramco eyes fuel retail in Southeast Asia and Africa - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-03-21T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aramco eyes fuel retail in Southeast Asia and Africa\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Aramco eyes fuel retail in Southeast Asia and Africa - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/","og_locale":"en_US","og_type":"article","og_title":"Aramco eyes fuel retail in Southeast Asia and Africa","og_description":"Aramco completed in March its acquisition of a 100% equity stake in Chile\u2019s fuel distributor Esmax Distribuci\u00f3n","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/","og_site_name":"KSA","article_published_time":"2024-03-21T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Aramco eyes fuel retail in Southeast Asia and Africa","datePublished":"2024-03-21T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/"},"wordCount":265,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1","keywords":["Aramco","ENERGY","EnterpriseAM KSA","Esmax Distribuci\u00f3n","fuel retail","Gas & Oil Pakistan (Go)","TotalEnergies"],"articleSection":["ENERGY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/","name":"Aramco eyes fuel retail in Southeast Asia and Africa - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1","datePublished":"2024-03-21T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/21\/aramco-eyes-fuel-retail-in-southeast-asia-and-africa\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Aramco eyes fuel retail in Southeast Asia and Africa"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1961.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/84599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=84599"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/84599\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/84593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/84600"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=84599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=84599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=84599"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=84599"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}