SAUDI Aramco, the world's largest crude oil exporter, is reportedly planning an initial public offering (IPO) of its trading arm, Aramco Trading Company, potentially valuing the subsidiary at more than $30 billion. Sustained high oil prices recently contributed to record profits for the Saudi Arabian state-controlled giant, which is likely to continue offering stakes in its key businesses to potential investors, taking advantage of attractive valuations of its assets.
展开▼