Riyadh – Mubasher: Aramco Trading Company, the trading subsidiary of state-run Saudi Aramco, has inaugurated its second international office in Fujairah, UAE, following Singapore, TradeArabia reported.
The opening ceremony was attended by chairman of Aramco Trading Abdulaziz M. Al Judaimi and Ibrahim Al Buainain, CEO of Aramco Trading.
“We have been in Fujairah for a number of years and as our trading business expands globally – between Singapore, Saudi Arabia, London, Houston – we trade across different time zones, and Fujairah as the centre of our blending operations, we thought it is important to be here, physically doing trading as a business in Fujairah,” Al Judaimi commented.
The newly opened facility, Aramco Trading Fujairah (ATF), will handle all Aramco Trading gasoline and fuel oil storage and blending activities.
“At Fujairah, we have a growing business that started with 100,000 b/d and now we have 350,000 b/d between gasoline and fuel oil. So, for this reason, Fujairah would be the optimum location that is close to our assets close to the free zone,” Al Buainain said.
