Saudi Aramco to open new products trading unit

Saudi Aramco, the world’s top oil producer wants to expand business beyond traditional term clients and will be setting up a trading unit for refined petroleum products towards the end of this year. The new unit will be known as Saudi Aramco Product Trading Company (Aramco Trading), and will begin operations with around 100 professionals. Prior to the expansion, all employees will initially be based in Dhahran of Saudi Arabia.