,The restructuring is likely to be announced before the end of the year,Telegram分享群组（www.tel8.vip）是一个Telegram群组分享平台。Telegram分享群组包括Telegram分享群组、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram分享群组为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
LONDON: Saudi Aramco (pic) is planning to merge two energy trading units, people familiar with the matter say, with Aramco Trading Co (ATC) due to absorb Motiva Trading ahead of a potential initial public offering (IPO) of the business.
The move to combine the businesses is expected to give potential investors a better sense of the scale of Aramco’s trading and would also allow the state oil producer to simplify financial reporting and cut duplication.
The restructuring is likely to be announced before the end of the year, one of the two people familiar with the matter said.
The merger would come four years after Shell Plc exited Motiva Enterprises, leaving Aramco in control of Motiva Trading and Motiva’s refinery, the largest in the United States.
Saudi Aramco and other Middle East producers accelerated their trading efforts as a way to boost incomes after the 2014 collapse in oil prices.
They have slowly gained market share from oil majors and Swiss commodity merchants, using access to their own feedstocks and strength in refining to compete aggressively.
Plans for the combination come amid reports Aramco plans an IPO of its trading business and as European countries move away from buying Russian crude over its invasion of Ukraine.
The two people familiar with the situation, who are not authorised to speak to reporters, did not confirm plans for an IPO. — Reuters