Reuters reveals Aramco Trading plans to absorb Motiva Trading ahead of possible IPO

Reuters gave readers a deep dive into how Saudi Arabia’s state oil monopoly Saudi Aramco is planning to merge two energy trading units, with Aramco Trading Co due to absorb Motiva Trading ahead of a potential initial public offering 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.