Riyadh – Mubasher: The Saudi Arabian Oil Co, known internationally as Saudi Aramco’s subsidiary, Aramco Trading Company (ATC) will start trading of the non-Saudi crude oil, Reuters on Wednesday reported, citing informed sources as saying.
ATC will expand into non-Saudi crude oil trade to provide its joint projects namely the Motiva refinery in the US, and S-Oil in South Korea, the sources added.
“Rather than that Motiva for example goes into the market and buy non-Saudi crude, Aramco Trading now can supply those barrels,” said one source with knowledge of Aramco’s strategy.
ATC was established in 2012 to market to market bulk petrochemical, base oil, and refined products.
