Saudi Aramco agrees $12.4bn pipeline deal with EIG-led group

Saudi Aramco agrees $12.4bn pipeline deal with EIG-led group


SHARE
Saudi Aramco, the world's top crude exporter, signed a $12.4 billion deal on Friday with a group of investors led by EIG Global Energy Partners (EIG) that gives the consortium a 49 per cent stake in a newly formed oil pipeline venture.
The agreement, which aims to monetise the assets of the state-oil giant, is its largest since the company’s 2019 listing on the Tadawul exchange that raised over $29bn.
A newly formed Aramco subsidiary, Aramco Oil Pipelines Company, will lease usage rights in Aramco’s stabilised crude oil pipelines network, which connect oilfields to the downstream network, for a 25-year period, the company said in a statement. Aramco Oil Pipelines Company will receive a tariff payable by Aramco for the oil that flows through the network, backed by minimum volume commitments.

Related Keywords

Saudi Arabia , Saudi , Abu Dhabi , Abdulaziz Al Gudaimi , Amin Nasser , Saudi Aramco , Aramco Oil Pipelines Company , Global Energy Partners , Abu Dhabi National Oil Company Adnoc , Public Investment Fund , Energy Partners , Oil Pipelines Company , Abu Dhabi National Oil Company , Adnoc Gas Pipeline Assets , சவுதி அரேபியா , சவுதி , தபி , அமின் நாசர் , சவுதி அரம்கோ , உலகளாவிய ஆற்றல் கூட்டாளர்கள் , பொது முதலீடு நிதி , ஆற்றல் கூட்டாளர்கள் , தபி தேசிய எண்ணெய் நிறுவனம் ,

© 2025 Vimarsana