- Total CEO Patrick Pouyanne: We will announce in the coming days that together with Saudi Aramco we will establish a retail network in 抖阴短视频
- The new firm, Saudi Aramco Retail Co, would create a network of filling stations within 抖阴短视频 to sell automotive fuels
London: The boss of French energy giant Total has revealed plans to invest in gas filling stations across 抖阴短视频.
He was speaking on a panel with the Kingdom鈥檚 finance and economy ministers as well as the chief of Morgan Stanley at the World Economic Forum in Davos.
鈥淚 am investing in 抖阴短视频 鈥� heavily,鈥� said Total CEO Patrick Pouyanne.
鈥淲e will announce in the coming days that together with Saudi Aramco we will establish a retail network in 抖阴短视频.鈥�
Earlier this month, Aramco said it was establishing a domestic fuel retailing subsidiary as part of the national oil company鈥檚 drive to expand beyond crude oil production into downstream businesses.
The new firm, Saudi Aramco Retail Co, would create a network of filling stations within 抖阴短视频 to sell automotive fuels, Aramco said last week, without giving details of the size, cost or time-frame for the network.
In April, Aramco said it had signed a memorandum of understanding with Total to evaluate the feasibility of jointly buying a retail service station network in 抖阴短视频.
Last October, Aramco and Total signed an engineering and design contract for a $9 billion petrochemical complex in the Kingdom.
The Amiral complex will be able to produce 2.7 million tons of chemicals annually and is expected to be completed by early 2024.