Saudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion and entered into a pact with BlackRock Inc. to explore low carbon energy projects.The post Aramco closes $15.5 billion BlackRock-led gas pipeline deal appeared first on Energy Voice.

Arab News

Riyadh

Riyadh Province

Saudi Arabia

Aramco closes $15.5bn gas pipeline deal with BlackRock, Hassana, other global investors

Wed, 2022-02-23 17:07
	RIYADH: Aramco and an international investor consortium, led by affiliates of BlackRock and Hassana, announced today the successful closing of $15.5 billion gas pipeline deal.
	The investors has acquired 49-percent stake in Aramco Gas Pipelines Co., a subsidiary of Aramco, according to a statement. Aramco retains the 51-percent majority stake in the company, and also retains full ownership and operational control of the ga…

Media Bias/Fact Check

Saudi Research and Marketing Group

Saudi Aramco has entered into an agreement with BlackRock to explore low-carbon energy projects.

Ad Fontes Media

All Sides

Al Jazeera

Qatar

Saudi Aramco closes $15.5BN BlackRock-led gas pipeline deal

Saudi Arabia’s Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion and entered into a pact with BlackRock Inc. to explore low carbon energy projects.An investor group, led by BlackRock, acquired a 49 percent stake in Aramco Gas Pipelines Co. in a lease and leaseback deal in December, according to a statement. The consortium also comprised Keppel Infrastructure Trust, Silk Road Fund, China Merchants Capital, and Sa…

Al Arabiya

Middle East News FZ LLC

Aramco closes $15.5 billion BlackRock-led gas pipeline deal

Energy Voice

United Kingdom

Business

BlackRock

International

Saudi Aramco

Oil and Gas Sector

An investor group, led by BlackRock, acquired a 49% stake in Aramco Gas Pipelines Co. in a lease and leaseback deal in December. The deal is part of Saudi Arabia's drive to sell assets and use the money to fund new industries. Gas is a cleaner fuel than crude oil but still contributes to heating the plant.

Aramco closes $15.5 billion BlackRock-led gas pipeline deal

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics