Aramco agrees to US$12.4 billion deal to sell stake in pipelines Toggle share menu Advertisement Aramco agrees to US$12.4 billion deal to sell stake in pipelines The logo of Aramco is seen at the Plaza Conference Center in Dhahran, Saudi Arabia on Nov 3, 2019. (Photo: Reuters/Hamad I Mohammed) 11 Apr 2021 07:55AM (Updated: 11 Apr 2021 08:00AM) Share this content Bookmark DUBAI: Saudi oil producer Aramco has agreed to a US$12.4 billion deal to sell a 49 per cent stake in its pipelines to a consortium led by US-based EIG Global Energy Partners. Announced late on Friday (Apr 9), it is the company's largest deal since its record US$29.4 billion initial public offering in late 2019.