Saudi Aramco acquires Peruvian fuel distributor Primax in $3.5 billion deal: what it means for the energy market
In a momentous event for the global energy business, Saudi Aramco, Saudi Arabia’s state-owned oil company, has bought Primax, a major fuel distributor in Peru, Colombia, and Ecuador. This deal, announced by the Peruvian business publication Gestión, represents the Arab firm’s second strategic entry into the South American market.
March 21, 2025