Saudi Aramco to acquire the trading unit of Motiva.

Saudi Aramco, a Saudi Arabian public petroleum and natural gas company, agreed to acquire the trading unit of Motiva, which refines, distributes and markets petroleum products throughout the United States. Financial terms were not disclosed. "The acquisition of Motiva Trading and the establishment of Aramco Trading Americas are a giant step towards executing our ambitious global growth strategy, which aims to expand our geographical reach and scale of operations, while further strengthening our product flexibility and optionality," Mohammed K. Al-Mulhim, Saudi Aramco Head of Trading.