Saudi Arabian oil company Aramco expands European downstream presence with investments in Poland’s refining, wholesale, and jet fuel marketing segments.

Saudi Arabian oil company Aramco is expanding its global downstream presence with investments in Poland’s refining, wholesale, and jet fuel marketing segments. The company has agreed to acquire equity stakes of 30% in a 210,000 barrels per day refinery in Gdansk; 100% in an associated wholesale business; and 50% in a jet fuel marketing joint venture with BP. These investments will give Aramco a strong foothold in the Polish market and provide valuable experience operating in Europe. They also underscore the importance of the Polish market as part of Aramco’s global growth strategy.

Saudi Arabian oil company Aramco is set to acquire two refineries and a network of fuel stations in Poland from Polish refiner and fuel retailer PKN Orlen following its proposed merger with Grupa Lotos. The acquisitions will be made for a total of $2.5 billion, subject to regulatory approvals, including from the European Commission. Once completed, the transaction will make Aramco one of the largest fuel retailers in Europe. It will also expand Aramco's downstream presence in Central and Eastern Europe, complementing its existing operations in Germany and Hungary. 100% in an associated wholesale business; and 50% in a jet fuel marketing joint venture with BP. These investments will give Aramco a strong foothold in the Polish market and provide valuable experience operating in Europe. They also underscore the importance of the Polish market as part of Aramco’s global growth strategy.