Aramco plans to establish a gas arm

Reuters - Saudi Aramco is planning to reorganize its business, including the creation of a new gas division, as part of potential efforts to list units of its business on the stock exchange in the future to raise liquidity.

Under the proposed reorganization, Aramco will move from a structure comprising two main sectors, upstream and downstream, to three sectors, each with its own dedicated head.

The company is also exploring other options for raising liquidity, including lease and re-lease agreements, which allow assets to be leased to a group of investors in exchange for an upfront payment, followed by re-leasing them back, while the company retains operational control and pays usage fees over an agreed period. Aramco is also considering listing a minority stake in its gas business as one of the potential options for raising liquidity.