Saudi oil giant Aramco plans to reorganise its business to create a new gas division, with an eye on possible listings of business units in the future to raise capital, two sources with knowledge of the matter tell Reuters.
The move is in line with an existing strategy at Gulf state oil companies of offering outside investors pieces of their businesses, while retaining operational control and largely avoiding opening up their main oil-producing divisions.
Aramco has not immediately responded to a request for comment.
