The move strengthens Aramco Trading Company’s global operations and extensive portfolio, with incremental access to the largest oil refinery in North America
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Saudi oil giant Aramco has announced that its commodities trading unit has fully acquired US refiner Motiva Trading and set up a new entity, Aramco Trading Americas (ATA), in a move aimed at boosting its global operations and extensive portfolio in North
RIYADH: Saudi Aramco’s global trading arm has bought US firm Motiva Trading as it seeks to expand its footprint across North and South America. As well as acquiring 100 per cent of the firm, Aramco Trading Co. has also launched a Texas-based subsidiary – Aramco Trading Americas. The new entity will be the sole supplier and ‘offtaker' of Motiva Enterprises, the owner of North