Aramco Launched Trading Website

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escveritas
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Aramco Launched Trading Website

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Aramco Trading launches website

Saudi Aramco Products Trading Co., the trading arm of Saudi Aramco’s downstream operations, marked a new chapter in the company’s history with the launch of its website (www.aramcotrading.com) on April 27.

“This is a great moment for Aramco Trading,” said Hanan M. Olayan from the Aramco Trading operations team. “This will open the door for future opportunities for our company through a platform that tells the Aramco Trading story.” The company’s story began in 2010, when the Saudi Aramco Board of Directors established it as a subsidiary. By January 2012, the company began trading refined, liquid chemical, and polymer products. The affiliate hit the ground running, managing a daily average of 680,000 barrels of products within the first months of operations internationally, then adding gasoline storage and blending to their list of services by 2013. It now trades about 1.5 million barrels of refined, liquid chemical, and polymer products every day across the globe — including Europe, the Americas, Africa, Asia, and the Middle East. The company utilizes a fleet of more than 40 vessels that embark on more than 1,190 voyages per year. The company now offers its international such clientele services as gasoline storage and blending, fuel oil storage and blending, shipping, and financial services in the form of hedging. Expanding at a steady rate of 22% per year — the company continues to grow. “I want to thank every member of the Aramco Trading family for their contribution to the company’s success over the past five years,” Ibrahim Al-Buainain, Saudi Aramco Products Trading Co. CEO, said in his message on the website. The company is composed of a diverse workforce, with more than 15 nationalities represented and women comprising 17% of its employees. “Aramco Trading’s most important asset is its people. Without this group, we would not be where we are today,” said Al-Buainain.
escveritas
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Re: Aramco Launched Trading Website

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APPEC: ATC Expects an Increase in Oil Trading Volume to 6 Million Barrels Per Day by 2020

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Singapore- Saudi Aramco Products Trading Company’s (ATC) President, and CEO Mr. Ibrahim Al-Buainain spoke at the 34th Annual Asia Pacific Petroleum Conference. According to the companies top official’s interview on Monday, ATC expects to increase its oil trading volume to 6 million barrels per day by 2020, 50 percent higher than current levels.

President and CEO, Mr.Al- Buainain touched on subjects such as IMO 2020, ATC’s future trading volumes, and ATC’s objectives for setting up trading operations in Singapore.The company currently trades 4 million b/d of refined products and crude, including volumes from the US. ATC sees Asia as their key growth market.

As for the Singapore office, Mr. Al-Buainain said he expects the company’s office to gain up to 40 more employees within the next two years. The company plans to launch LNG trading in Singapore, "We would like the Singapore office to be a hub for our LNG trading, so we are building capacity," he said, in addition, Aramco Trading plans to trade physical LNG cargoes mainly out of Singapore. Moreover, the company plans on opening offices in Europe. Mr. Al-Buainain believes that ATC will establish an office in either Geneva or London by the second half of next year.

According to Mr.Al-Buainain, ATC is expecting to benefit from a switch by ships to cleaner fuels in 2020.“The second-hand effect of the IMO is the oversupply of high-sulfur fuel oil (HSFO) which in our case is a positive because we are net short on fuel oil and that will help us in meeting our requirements (for HSFO) in power generation,” he said.

In 2012, ATC was established to market refined products, base oils, and bulk petrochemicals. Beginning with refined products from its overseas refineries in the past years, leading them to introduce trading non-Saudi crude oil in 2017 as the world’s largest oil exporter successfully optimizes profits.
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Re: Aramco Launched Trading Website

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Establishment of Aramco Trading Limited

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London, February 25, 2020 - Aramco Trading Company (ATC) announces the establishment of its London subsidiary - Aramco Trading Limited (ATL).
ATL will be at the forefront of ATC’s business activities in Europe and extended ATC’s operational reach to cover North and West Africa as well. ATL is now the third international office for ATC alongside Aramco Trading Fujairah and Aramco Trading Singapore.

“With the establishment of our London entity, we are pleased to now have a firm presence in Europe which will serve as the launching pad for our operations in Africa and the Mediterranean region,” said Mr. Ibrahim Q Al-Buainain, President and CEO of ATC.
He added: “Europe is an important market for ATC and the ultimate goal for ATL is to explore and develop new partnerships and opportunities with our clients in Europe, North and West Africa.”

ATL will be led by Mohammed A. Kadi and supported by an experienced team to service to ATC’s existing and potential customers in the region. The ATL office in London was inaugurated by Saudi Aramco’s Senior Vice President of Downstream, Abdulaziz Al-Gudaimi.
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