Saudi Aramco to sell 49% stake in new oil pipelines subsidiary for $12.4bn to EIG-led consortium
Saudi Aramco has signed a deal worth around $12.4 billion with a consortium led by energy infrastructure investor EIG Global Energy Partners to sell a 49% stake in Aramco Oil Pipelines Company, which will hold its crude oil pipeline assets. The Saudi Arabian national oil company said that the deal further consolidates its balance sheet […]