Oil & Gas Saudi Aramco buys Peruvian fuel distributor By Reuters March 24, 2025, 7:48 AM Primax Primax, owned by Peruvian conglomerate Grupo Romero, operates 2,185 gas stations across Peru, Colombia and Ecuador Saudi Aramco has agreed to buy fuel distributor Primax, which has operations in Peru, Colombia and Ecuador, Peruvian newspaper Gestion reported, citing sources familiar with the deal. Primax, owned by Peruvian conglomerate Grupo Romero, has 2,185 gas stations in the three South American countries. The deal with Aramco included a payment of around $3.5 billion, Gestion said. Aramco declined to comment, while Primax and Grupo Romero did not immediately respond to requests for comment. Aramco-backed Cognite taps India in AI growth move Aramco Ventures invests in global climate tech startups Saudi Aramco re-enters Philippines after 17 years The Saudi oil major already has businesses in Peru, where it last year purchased a minority stake in Peru LNG from Hunt Oil Company. This month, Reuters reported that Saudi Aramco is in the early stages of considering a potential bid for BP’s lubricant business Castrol. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
