Arlanxeo not included in Aramco-Sabic realignment

Riyadh – Saudi energy and chemical giants Aramco and Sabic are to realign their marketing and sales activities following Aramco’s acquisition of Sabic last year, but synthetic rubber manufacturer Arlanxeo has been excluded from the reshuffle.

The two companies announced 29 April that Sabic will focus on petrochemicals and Aramco Trading Co. will concentrate on fuel products following the realignment of their marketing and sales, commercial and supply chain activities.

The move is expected to drive efficiency and add customer value, they added.

However, Aramco noted that a number of marketing and sales transfer exclusions currently apply, including Aralnxeo, its rubber and elastomers production arm.