U.S. refiner Motiva Enterprises’ trading arm was acquired on 18/1/2023 by Middle Eastern oil giant Saudi Aramco, as it looks to expand its activities in North America.
Aramco also set up a new entity, Houston-based Aramco Trading Americas (ATA).
Tactical Report has prepared a 197-word report to shed light on the views of Saudi Crown Prince Mohammad Bin Salman Bin Abdulaziz on Aramco’s acquisition, ATA’s role in the Americas as well as Aramco’s intentions behind the move.
