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Saudi Aramco acquires Primax, Gestion reports

Iain Pocock

Saudi Aramco has acquired fuel and lubricants distributor Primax, Peruvian media outlet Gestion reported.

Primax operates 2,185 fuel stations in Peru, Colombia and Ecuador and says it has the second-largest network of stations in Latin America.

The move to acquire Primax would follow Aramco’s announcement last month of its acquisition of a 25% stake in Unioil Petroleum Philippines.

The Unioil acquisition was part of its global strategy to extend its brand, retail offerings and Valvoline-branded lubricants to select retail stations in the Philippines.

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