Thursday 23 May 2019

Aramco Starts Fuel Trading From #UAE With Ex-BP, Pemex Hires - Bloomberg

Aramco Starts Fuel Trading From U.A.E. With Ex-BP, Pemex Hires - Bloomberg:

Saudi Aramco hired two Singapore-based traders and began dealing in fuel at the Middle East’s main bunkering port as the world’s biggest oil exporter expands further into the trading business.

Aramco’s trading unit started doing deals earlier this month at its new office in the United Arab Emirates port of Fujairah, according to people with knowledge of the situation. It hired five people, including Avyay Saxena who formerly worked at BP Plc and Trafigura Group and Max Moran who worked at the trading unit of Mexico’s Pemex, they said.

The company also hired a specialist in blending different products, according to the people, who asked not to be identified because they’re not authorized to speak to the media. Aramco Trading media officials didn’t immediately respond to a request for comment.

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