Saudi Aramco to restructure with gas division
Saudi Aramco announced its plans to reorganize its operations by establishing a new gas division, aiming to separate some business units to potentially raise capital in the future, without currently making a final decision to offer the gas units on the financial markets. This move aligns with the Gulf oil companies' trend of leveraging capital markets to attract foreign investments while maintaining control over their core activities, especially oil production. This restructuring helps provide future financing options and creates a more flexible environment for asset investments.
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