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Aramco Considers IPO of Fuel Unit to Help Fund Investment Plans

  • Plans around retail and lubricants business at early stage
  • Saudi oil producer is selling stakes in assets like pipelines

Saudi Aramco is considering selling a stake in its retail fuels and lubricants business, and could list shares on the Riyadh stock exchange, according to people with knowledge of the situation.

Talks about a initial public offering are at an early stage and Aramco may opt against any sale, said the people, who asked not to be identified discussing confidential matters. Aramco didn’t immediately respond to a request for comment.