Saudi Aramco announced Jan. 18 that Houston-based Aramco Trading Americas LLC will be the sole supplier and “offtaker” of Motiva Enterprises – owner of the Port Arthur, Texas refinery and base oil plant – following the 100% acquisition of Motiva Trading by Aramco Trading Co. However, Motiva Enterprises will continue to market and sell Aramco-branded base oils in the Americas, the company confirmed to Lube Report.
Aramco’s news release did not explain specifically what it means by offtaker. A Motiva spokesman referred questions to Aramco, which did not respond to a query from Lube Report.
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