Saudi Aramco forms US trading subsidiary

摘要

Aramco Trading, the trading arm of Saudi Aramco, said Wednesdaythat it has bought the trading operation of Motiva Enterprises and willlaunch a Texas-based subsidiary – Aramco Trading Americas.The company threatens to rival the largest private energy tradingentities such as Vitol and Trafigura and gives Saudi Arabia a platformthat can compete with multinational companies like BP, Shell andTotal, which view trading as a separate profit center from oil and refinedproducts output and equipment.