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Trade sources have announced that Aramco Trading Co. (ATC) has signed a deal for a long-term contract with the state-based company Kuwait Petroleum Corp. The contract allows supplies of crude to be processed by Aramco-owned refineries located in Asia. Aramco Trading has signed multiple deals with other countries starting late last year. ATC is trying to diversify its holding in refinery production and petrochemicals after a drone attack last September crippled Aramco’s output capacity.

Kuwait Petroleum Corp Secures Deal with Aramco Trading Co.

Trade sources have announced that Aramco Trading Co. (ATC) has signed a deal for a long-term contract with the state-based company Kuwait Petroleum Corp. The contract allows supplies of crude to be processed by Aramco-owned refineries located in Asia.

Aramco Trading has signed multiple deals with other countries starting late last year. ATC is trying to diversify its holding in refinery production and petrochemicals after a drone attack last September crippled Aramco’s output capacity.

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