Ahead of potential IPO plans for its trading arm, Saudi Aramco is eyeing a merger between Aramco Trading Co and Motiva Trading, Reuters reported Thursday. Citing two unnamed sources “familiar with the matter”, Reuters reported that the merger and restructuring of the two trading arms could take place by the end of this year.
Motiva Trading is the trading arm of Motiva Enterprises, which owns the largest refinery in the United States, in Port Arthur, Texas. The refinery has a production capacity of 630,000 barrels per day. In May 2017,…Saudi Aramco May Merge Trading Units Ahead Of IPO
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