08DEC2017 - NEWS - Aramco Trading opens first international office in Singapore

Aramco Trading, a part of Saudi Aramco, has opened its first international office in Singapore as part of their strategy to optimize value across the whole oil and products chain. Demands of oil products in Asia Pacific regions has grown over the past decade to reach 32.6 million barrels per day (bpd) in 2016 and according to Wood Mackenzie forecast, it will continue to grow based on an average Gross Domestic Product growth of 3.7 per cent between 2016 and 2035. In 2010 Aramco Trading Company was established as a wholly owned subsidiary of Saudi Aramco responsible for trading refined, liquid chemical, and polymer products.