Saudi Aramco Trading Aims For 50% Rise In Oil Trade Volume In 2020

Saudi’s Aramco Trading Company (ATC) expects to increase its oil trading volume to 6 million barrels per day (MMbbl/d) in 2020, 50% higher than current levels, the company’s top official said on Sept. 24.

“Currently … we’re at 4 million barrels per day and with expansion I think our target is 6 million barrels per day,” President and Chief Executive Ibrahim Al-Buainain said at the Asia Pacific Petroleum Conference (APPEC).