Riyadh – Mubasher: Saudi Aramco’s trading subsidiary, Aramco Trading, has signed an agreement with Poland’s refiner PKN Orlen for the supply of Arabian Crude Oil.
The Polish company will provide Aramco Trading with high sulfur fuel oil, according to a company statement.
The transaction came in line with Aramco’s partnership and collaboration strategy, the Saudi energy giant revealed.
“The increasing number of strategic partnerships established across refining, chemical, and marketing activities reinforce Saudi Aramco’s downstream growth ambitions and bolsters its successful efforts to span the length of the value chain.”
Earlier in April, Saudi Aramco was reportedly planning to raise $12 billion in its first-ever international bond issue.
