Established in 2010, Aramco Trading (ATC) is now the lead premier trading company in the Middle East. ATC initially started operations focusing on the trade of refined products, blending components, bulk petrochemicals, and polyolefins. Now, ATC focuses on refined products and blending components emerging as a global player based on an efficient and exceptional strategy. Our high performance and effective implementation of our strategy is viable based on the power of our employees, our advanced technology, and our avant-garde intelligence.
We are proud of our corporate values that guide our business operations, and are factored into all dimensions of who we are and how we operate.
Our people are our most important asset. A key deriver of our success is our multinational team that work all-inclusively leading to innovative trade solutions.
Our company is exceptionally represented by more than 20 nationalities, with women making up 23% of our staff.
Our staff is composed of talented professionals who are energetic, empowered, engaged, and customer-oriented that are constantly being developed. As we are growing rapidly, we continue to attract high-performing individuals locally and from around the world.
Saudi Aramco’s Board of Directors approves the establishment of Saudi Aramco Products Trading Company (Aramco Trading Company, ATC, or Aramco Trading) as a wholly owned subsidiary to trade refined, liquid chemical and polymer products. Aramco Trading Company represents Saudi Aramco’s interest in sales and purchases and supports our parent company's efforts to maximize downstream integration and optimize its growing global downstream presence.October 2010
The Aramco Trading Company begins with few employees and quickly commences business operations by establishing internal risk management and counterparty business management systems in line with international best practices.
Within the first six months of operation, our teams manage a daily average of 680,000 barrels, or the equivalent of two medium-sized tankers, across international product sales and purchases.January 2012
Early on, we develop financial services, in the form of hedging, to mitigate market price risks and guarantee profit margins. By 2013, we are hedging electronically through the Intercontinental Exchange (ICE).March 2012
We begin gasoline storage and blending, the process by which 91 and 95 octane gasoline for vehicles is produced. This is done by sourcing components and refined products, testing the component mixes in a laboratory, and then loading the appropriate components into our vessels for the desired blend of gasoline.
We are soon recognized as one of the largest and most reliable gasoline blenders in the region, loading a daily average of one vessel of 300,000 barrels.March 2013
We begin fuel oil storage and blending. After sourcing components and refined products, and testing the component mixes, the appropriate components are loaded into our vessels for the desired blend of fuel oil.
The Fujairah terminal is specialized for blending the oil according to our customers’ requirements.March 2014
We begin loading chemical products from Petro Rabigh. These products include polypropylene, high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and monoethylene glycol (MEG).April 2014
The focus in 2015 and 2016 was third-party trade allowing Aramco Trading to amplify their market reach and enhance the optimization of operations.
Aramco Trading focused on emerging as a global player by third party trade, expanding the product portfolio by adding Crude Oil Trading, and inaugurating ATC’s first office other than the headquarters in Singapore
ATC were now on a journey of global integration. The focus had now shifted to integrating sea born activities and chartering more vessels expanding ATC’s global foot print.Operations began out of the Aramco Trading Singapore office which were commenced on July 1st, 2018. ATC’s focus became refined products paving the way for Aramco Chemicals Company (ACC) who took over the trade of bulk petrochemicals and polyolefins.
As for 2019, Aramco Trading will keep expanding and growing thier global foot print by opening Aramco Trading Fujairah in the United Arab Emirates, and Aramco Trading Limited in the United Kingdom. With the new integrations and offices opening internationally, we ensure our market presense in Africa, Europe, Australia and Asia.