Saudi Aramco becomes sole supplier to biggest US refinery

Saudi Aramco has announced the 100% acquisition of Motiva Trading by the Aramco Trading Company (ATC), one of the world’s leading commodity trading companies, and the launch of Aramco Trading Americas LLC (ATA), a wholly-owned subsidiary of ATC based in Houston, Texas, Report informs referring to the company’s website.

ATA will be ATC’s regional office, expanding its trading business in North and South America to capture new opportunities and increase its existing customer base.

Under the purchase agreement, ATA will be the sole supplier and ‘offtaker' of Motiva Enterprises, which owns North America’s largest refinery with a crude refining capacity of 630,000 barrels a day, producing consumer and commercial grade fuels and base oils.

With the launch of ATA, ATC brings its business closer to customers and provides them significant access to the world’s robust hydrocarbon system, which will significantly strengthen its value chain globally.