Aramco Trading signs fuel deal with Australia’s United Petroleum

Aramco has signed an agreement with Australian retailer United Petroleum for potential long-term fuel supply, product storage and other business opportunities. The deal signed is a non-binding memorandum of understanding, under which ATC intends to explore refined fuel sales to United Petroleum to meet fast-growing demand in Australia. The companies plan to explore product storage and logistics collaboration, while also assessing areas of potential cooperation both within and beyond the energy sector.