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FinancialNews
13-04-19
Saudi Aramco Trading, Polish refiner ink deal
(MENAFN) Saudi Arabia's Aramco Trading and the Polish refiner PKN Orlen penned a deal on exchanging oil, opening a window for Saudi Aramco to achieve further expansion.
Under the agreement, Arabian Crude Oil will reach the leading Polish refiner, and in return, Aramco Trading will receive a similar volume of high sulfur fuel oil.
This agreement is an indication of Aramco's approach in distributing set volumes of crude oil around various destinations while preserving appropriate balance between third party customers and affiliated outlets.
It also comes while Aramco is looking to build strategic cooperation and see diversification in PKN crude oil while snatching new outlets for its goods.
MENAFN1304201900450000ID1098383806
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