The CEO of Aramco Trading (ATC), Ibrahim al-Buainain, says that the firm aims to increase traded volumes to 5mn b/d in 2020. This target includes volumes traded by Aramco’s US refining arm Motiva.

Writing in ATC’s recently released 2019 annual report, Chairman Abdulaziz al-Gudaimi said that during 2019, there was success in “increasing traded volumes to reach 4.4mn b/d including Motiva.” However, while the 2020 target represents another step up, it is a considerable downgrade on previous targets. In the 2018 report, Mr Gudaimi said “I am certain that the company will achieve its goal of a traded volume of 6mn b/d by 2020.” (CONTINUED - 168 WORDS)