{"id":95517,"date":"2025-03-23T00:00:00","date_gmt":"2025-03-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/"},"modified":"2025-03-23T00:00:00","modified_gmt":"2025-03-23T00:00:00","slug":"aramco-reportedly-acquires-primax-expands-into-perus-fuel-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/","title":{"rendered":"Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market"},"content":{"rendered":"

<\/strong>Aramc<\/strong>o buys Peruvian fuel distributor Primax<\/strong>:<\/strong> State-owned energy giant Aramco reportedly acquired Peru\u2019s downstream fuel distributor Primax<\/a>, in a transaction that included a payment of USD 3.5 bn, Peruvian financial newspaper Gesti\u00f3n<\/a> reported last Friday, citing sources it says are in the know. This story got ink in Reuters<\/a>.<\/p>\n

What we don\u2019t know: <\/strong>Specific details on the ownership stake acquired and the expected timeline to finalize the acquisition \u2014 which was reportedly closed last week \u2014 were not disclosed. Aramco and Primax did not confirm the reports.<\/p>\n

Not new to Peru:<\/strong> Aramco holds a 17.2% indirect stake in Peru LNG<\/a> after increasing its ownership in EIG\u2019s MidOcean Energy<\/a> to 49% in September of last year<\/a>. The increase move came alongside Aramco financing MidOcean Energy\u2019s acquisition of an additional 15% stake in LNG from Texas\u2019 Hunt Oil Company<\/a>, raising its total stake to 35%.<\/p>\n

About Primax: <\/strong>Established in 2005 and owned by Peruvian conglomerate Grupo Romero, Primax has 2.2k stations in Peru, Colombia, and Ecuador. The company expanded through acquisitions that included Shell and Repsol's assets in Ecuador, Pecsa\u2019s assets in Peru, and ExxonMobil's fuel business in Colombia.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction is valued at USD 3.5 bn<\/p>\n","protected":false},"author":1,"featured_media":95518,"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":[2575],"tags":[139,10,14,4123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-aramco","tag-enterpriseam-ksa","tag-ma-watch","tag-primax","wpautop","entry"],"acf":{"mongo_id":"6dde5fbc-bf8a-4b06-9250-c49ac8c20436","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1782.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market","related_issue":[95512],"teaser":"The transaction is valued at USD 3.5 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.ca96402e-af44-41f2-a1d6-4aea480ee925.mp3"},"yoast_head":"\nAramco reportedly acquires Primax, expands into Peru\u2019s fuel market - 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