Saudi Aramco is taking the lead. Is Vibra next?

In recent months, Saudi Aramco has been scraping the gas station market around the world. The Saudi Arabian oil company started the wave of M&As in March last year, buying a network of gas stations in Chile, Esmax. Earlier this year, another acquisition, this time in the Philippines: a network of 165 stations. Saudi Aramco is now paying $3.5 billion for Primax, a network of more than 2,100 stations in Peru, Colombia, and Ecuador. All of these tr…