BlackRock, Global Banks Back Aramco’s Giant Gas Play

BlackRock, Global Banks Back Aramco’s Giant Gas Play

Investors in Saudi Aramco’s Jafurah natural gas project have approached a group of lenders to secure $10.3 billion in funding for the project. Jafurah is at the center of Saudi Arabia’s plans to develop its natural gas resources, diversifying from crude oil. With a price tag of a total $100 billion, the Jafurah development is described as the largest unconventional gas development outside the United States. Its reserves are estimated at some 229…

BlackRock’s GIP seeks US$10bil for Aramco deal

A group of investors led by BlackRock's Global Infrastructure Partners (GIP) is in talks with lenders to secure up to US$10.3bil in financing for Aramco's Jafurah infrastructure deal, two sources with direct knowledge of the matter tells Reuters.

BlackRock-led group is said to secure $10B financing for Aramco gas deal (BLK:NYSE)

BlackRock-led group is said to secure $10B financing for Aramco gas deal

BlackRock Is Said to Get $10 Billion Financing for Aramco Deal

A group led by BlackRock Inc.’s Global Infrastructure Partners unit has arranged a roughly $10 billion financing package for its planned investment in Saudi Aramco natural gas infrastructure, people familiar with the matter said.

BlackRock-Led Group in Talks to Raise Around $10.3 Billion for Aramco Deal - Energy News, Top Headlines, Commentaries, Features & Events

A group of investors led by BlackRock’s Global Infrastructure Partners is in talks with lenders to secure up to $10.3 billion in financing for Aramco’s Jafurah infrastructure deal, two sources with direct knowledge of the matter told Reuters. Banks including JPMorgan and Japan’s Sumitomo Mitsui Banking Corporation are in talks to participate in the transaction, ...

BlackRock gets US$10 billion financing for Aramco deal: sources

The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market