In addition, they will open 170 Stop- branded convenience stores in the next 2 years.
Aramco, the largest Saudi oil, energy and chemical products company in the world, inaugurated this Monday its first service station in Chile, which incorporates the new format of future service stations under its brand worldwide.
The inauguration was chaired by Yasser Mufti, Executive Vice President of Products and Customers at Aramco, and Carlos Larrain, CEO of Esmax.
The first Aramco service station in the country is located in the commune of La Reina and has 4,300 square meters of customer service.
Yasser M. Mufti, Executive Vice President of Products and Customers at Aramco, said: “This opening marks a milestone in Aramco's downstream growth story and a step forward in our expansion plans for South America. From closing the transaction on March 1 to opening our first station in a short period of time, it is a testament to our efforts in Chile. There is more to come as we plan to progressively rebrand all stations to the Aramco brand in Chile and introduce our world-class innovative products and offerings.”
Carlos Larrain, CEO of Esmax, added: “Today we have inaugurated the first service station and the first convenience store. Over the next 24 months, we will complete more than 300 Aramco-branded service stations and more than 170 aStop-branded convenience stores, inside and outside the stations. We are going to modernize all our facilities with the new Aramco format and standard, which has been worked on by the Chile team and the global network, and which will be used in all new Aramco service stations worldwide. “We are confident that our brand and its associated premium fuels and products will provide an excellent experience for customers in Chile.”
Larrain reported that "within this two-year plan, in the next 90 days we will inaugurate new Aramco service stations in the cities of Antofagasta, Concepción, Temuco and Puerto Montt, among others."
In September of last year, Aramco agreed to purchase 100% of the shares of the Chilean Esmax, the firm in charge of operating Petrobras in Chile.
The transaction, at that time, was subject to certain conditions, among them, regulatory approvals by the National Economic Prosecutor's Office of Chile (FNE), who already ruled positively in February of this year.
