Saudi Aramco’s Board of Directors approved the establishment of the Saudi Aramco Products Trading Company (Aramco Trading Company, ATC, or Aramco Trading) in October 2010, as a wholly owned subsidiary that trades refined, liquid chemical and polymer products.
Aramco Trading moved into its corporate offices in Dhahran, Saudi Arabia and officially launched operations on January 1, 2012.
Since then, Aramco Trading has emerged as the Middle East’s premier trading company for refined petroleum products, and the largest shipper in the region. We focus on our partners’ needs, from refiners and shipping companies to end users and other traders.
We are the global integrated platform for Saudi Aramco’s downstream assets, as well as for our international partners. We are a key player in the region, supplying Europe, the Middle East, Africa, the Americas, Asia, and the Indian subcontinent.
We offer our customers trading in refined products, chemical and polymer products, ship chartering and logistics, risk identification and management, billing and payment, and data capture. We also specialize in protecting profit margins from market volatility through hedging using financial derivatives, including over-the-counter swaps and Intercontinental Exchange (ICE) futures.
As the largest refined products trading and shipping operator in the Middle East region, we offer our customers leverage, flexibility, and reliability. We trade around 1.5 million barrels of refined, liquid chemical and polymer products every day, with chartered vessels moving five cargoes on a daily basis as of 2016. Gasoline imports comprise a large portion of our activity, followed by diesel and fuel oil vessels.
With our headquarters in Dhahran, Saudi Arabia and an office in Singapore, we are one of the largest shippers of refined petroleum products in the region, with refiners, shipping companies, financial institutes, end-users and other products-trading companies and houses recognizing us as a key trading partner.
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
Saudi Aramco Trading Singapore Pte. Ltd. (SATS) is incorporated in May 2015. As a wholly owned subsidiary of the Aramco Trading Company, SATS provides trading and marketing services, as well as market intelligence, for the Asia Pacific region.May 2015
As our mother company, Saudi Aramco’s corporate values guide our business operations and are factored into all dimensions of who we are. We are proud of our corporate values set out here, which are the backbone of how we trade, deliver, and meet our customers’ needs.
Our people are our most important assets. Aramco Trading has a diverse workforce and a work environment that values inclusion as a key driver of our success, leading to greater innovation and better solutions.
We are proud to have more than 15 nationalities represented in our workforce, with women making up 17% of our staff.
Our staff is composed of talented professionals who are energetic, empowered, engaged, and customer-focused. We focus on engaging and developing our employees, and are eager to attract high-performing professionals locally and from around the world.