Saudi Aramco’s trading arm signs agreement with Oman’s OQ on new opportunities – The National
- Date: 08-Dec-2021
- Source: The National
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi Aramco’s trading arm signs agreement with Oman’s OQ on new opportunities – The National
The trading arm of Saudi Aramco, the world’s largest exporter of oil, signed an agreement with Oman’s global integrated energy company, OQ, to explore joint commercial opportunities in the energy sector.
Aramco Trading Company (ATC) and OQ will collaborate directly or through their affiliates to explore business prospects in the Omani port of Duqm and nearby crude oil storage terminal of Ras Markaz, the two companies said on Tuesday.
As part of the agreement, the companies will also undertake a joint review of ATC supplying feedstock to Duqm Refinery and Petrochemicals Industries Company (OQ8) as well as possible offtake of oil products by ATC from OQ8.
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