Americas Aramco Trading

Dhahran, January 18, 2023: Aramco Trading Company (ATC), one of the world’s leading commodity trading companies, today announces its 100% acquisition of Motiva Trading business, leading to the launch of Aramco Trading Americas LLC (ATA), a wholly-owned subsidiary of ATC, based in Houston, Texas.

ATC seeks to expand 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.

Mohammed K. Al-Mulhim, President & CEO of ATC, said: “The acquisition of Motiva Trading business and the establishment of Aramco Trading Americas, serve as one giant step towards executing our ambitious global growth strategy that aims to expand our geographical reach and scale of operations, while further strengthening our product flexibility and optionality.”

With the launch of ATA, Aramco Trading brings its business closer to its customers by providing them significant access to the world’s robust hydrocarbon system which will significantly strengthen our value chain globally.