Singapore: Aramco Trading Company (ATC) sold its first-ever cargo of US West Texas Light (WTL) crude, with a South Korean refiner the buyer, as the Saudi Aramco unit expands its US oil dealings to boost trade volumes, four people familiar with the matter said.
ATC is key to Saudi Aramco’s strategy as it expands its refining and petrochemical operations to boost global sales. The trading unit has been buying US crude from Texas refinery Motiva to re-sell in Asia, the people said.
