Saudi Aramco plans to reorganize its business and establish a dedicated gas division as it explores potential listings of business units to raise capital, Reuters reported, citing two sources familiar with the matter.

The restructuring would shift Aramco from its current two-segment structure of upstream and downstream operations to three main business segments, with each unit led by its own president, according to one of the sources.

The new gas division would provide a dedicated platform to develop Aramco’s domestic natural gas resources and expand its liquefied natural gas (LNG) portfolio internationally.

The move follows a broader strategy among Gulf state oil companies to attract external investment into selected businesses while retaining operational control and limiting outside ownership of their core oil-producing operations.

The UAE’s state-owned ADNOC, for instance, has listed stakes in its gas, drilling, and retail fuel businesses, according to Reueters. Both ADNOC and Aramco have also raised billions of dollars through transactions involving oil and gas infrastructure assets.

Aramco is considering a potential listing of a minority stake in the new gas business as one option to raise cash, the second source said. The company’s 2019 minority listing on the Saudi Exchange could serve as a model for the potential transaction.

The company is also exploring other financing options, including lease-and-leaseback agreements. Under such arrangements, Gulf oil companies lease selected assets to investors in exchange for an upfront payment before leasing the assets back, allowing them to retain operational control while paying usage fees over an agreed period.

Aramco has been seeking external capital as Saudi Arabia advances efforts to diversify its economy and reduce its reliance on oil. The company, which has long been a key driver of the economy of the world’s largest crude oil exporter, has increasingly pursued asset monetization and other financing mechanisms to support these efforts.