Total is preparing to announce a distribution network with Saudi Aramco

The French oil and gas producer Total said Tuesday that the company was announcing a retail network in Saudi Arabia with Aramco.

Patrick Boyan spoke at an investment conference in Riyadh, the Saudi capital.

Total confirmed in April its interest in the Saudi service station market and signed a memorandum of understanding with Saudi Aramco to review the options.

Riyadh opened Tuesday a major investment conference, dubbed "Desert Davos", which aimed to attract investment into the oil-rich kingdom seeking to diversify its economy.