Saudi Aramco bets on oil supply to Europe, trading expansion


Saudi Aramco bets on oil supply to Europe, trading expansionSaudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an office opening this summer in London, a senior company executive said. Aramco, the world’s biggest oil producer, is expanding its downstream, or refining and marketing, footprint globally by signing new deals and boosting the capacity of its plants to secure new markets for its crude. The company's trading arm has been focusing on a new processing arrangement in which it would supply European markets with both crude oil and products.



Tags: Europe, Science, London, Aramco, Saudi Aramco

Source:  https://news.yahoo.com/saudi-aramco-bets-oil-supply-europe-trading-expansion-112701021--finance.html