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Saudi Arabia’s Aramco and SABIC have announced their intention to transfer the marketing and sales responsibility for a number of Aramco petrochemicals and polymers products to SABIC, and the offtake and resale responsibility of a number of SABIC products to Aramco Trading Company (ATC). The effect of these changes, planned to be implemented on a phased basis during 2021, subject to the necessary consents being obtained, will focus SABIC on petrochemicals products and ATC on fuel products.
This is a significant step in aligning the Aramco and SABIC strategies, following Aramco’s acquisition of a 70% stake in SABIC in June 2020. Aramco and SABIC will continue to review options for further global marketing and sales transfers across product-producing companies within the Aramco group portfolio.
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Aramco and SABIC announce plans to realign marketing and sales, commercial and supply chain activities to drive efficiency and add customer value
SABIC will focus on petrochemicals and Aramco Trading Company will focus on fuel products
SABIC Global Headquarters in Riyadh, Saudi-Arabia. (Credit: SABIC/Wikipedia.org)
Aramco and SABIC today announce their intention to transfer the marketing and sales responsibility for a number of Aramco petrochemicals and polymers products to SABIC, and the offtake and resale responsibility of a number of SABIC products to Aramco Trading Company (ATC).
The effect of these changes, planned to be implemented on a phased basis during 2021, subject to the necessary consents being obtained, will focus SABIC on petrochemicals products and ATC on fuel products.
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Aramco and SABIC announce plans to realign marketing and sales, commercial and supply chain activities to drive efficiency and add customer value
édité le 29/04/2021 - Plus de news de ARAMCO - Voir la fiche entreprise de ARAMCO
- SABIC will focus on petrochemicals and Aramco Trading Company will focus on fuel products
- Changes reflect that SABIC is now the chemicals arm of Aramco, in line with long-term strategy
- Together, Aramco Trading Company and SABIC are focused on providing a world-class products and services offering to global customers
Aramco and SABIC announce their intention to transfer the marketing and sales responsibility for a number of Aramco petrochemicals and polymers products to SABIC, and the offtake and resale responsibility of a number of SABIC products to Aramco Trading Company (ATC).