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Aramco Trading Opens Fujairah Office In UAE

Gasoil News - Published on Mon, 24 Jun 2019

Image Source: Aramco Trading
Aramco Trading Co, which expects to see its oil trading volume rise to 6 million barrels per day by next year, has opened its second international office in Fujairah with the firm’s chairman and senior vice president of Downstream with Saudi Aramco, Mr Abdulaziz M Al-Judaimi and ATC president and CEO Mr Ibrahim Q Al-Buainain in attendance. ATC’s expansion plans are expected to propel the Dhahran-based company into the top tier of global fuel trading companies. The wholly owned subsidiary of Saudi Aramco opened the office in the UAE’s Fujairah as part of a global push into new markets to secure buyers for refined products, as well as crude oil. The new facility, Aramco Trading Fujairah, will handle all Aramco Trading gasoline and fuel oil storage and blending activities.

Mr Al-Judaimi said that “We’ve been in Fujairah for a number of years and as our trading business expands globally between Singapore, Saudi Arabia, London, and Houston we trade across different time zones, and with Fujairah as the center of our blending operations, we thought it’s important to be here physically doing trading as a business in Fujairah. We are very happy with the relationships here be it with our clients, our suppliers and the government they have been very open and have welcomed us to be here for many years.”

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Posted By : Sanju Moirangthem on Mon, 24 Jun 2019
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