EXCLUSIVE Aramco Trading plans to absorb Motiva Trading ahead of possible IPO

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.

Motiva and Saudi Aramco spokespeople declined to comment, while ATC did not immediately respond to requests for a comment. ATC was set up in Dhahran in 2012 and has offices in London, Singapore and the United Arab Emirates. It began by marketing refined products and petrochemicals and later expanded into crude trading that fed ventures such as Motiva and S-Oil in South Korea.

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