October 5, 2017 / 7:49 AM / a year ago

Russia's Litasco oil trader to explore areas of cooperation with Saudi Aramco

MOSCOW (Reuters) - Russia’s Litasco oil trader has signed a memorandum with Saudi Aramco to explore various possible areas of further cooperation in oil supply trading, Tim Bullock, the head of Litasco, said.

“We will supply Russian oil to one of their refineries, and they will supply Saudi oil to their refineries ... that type of thing,” Bullock told reporters in Moscow.

Reporting by Olesya Astakhova; writing by Vladimir Soldatkin and Polina Devitt; editing by Dmitry Solovyov

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