Published 02/23/2022 3:19:34 p.m.

Aramco closes $15.5 billion BlackRock-led gas pipeline deal

Summary by Ground News

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.

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Arab News

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…

02/23/2022 2:11:19 p.m.·Riyadh, Saudi Arabia

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Al Jazeera

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

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

02/23/2022 3:19:34 p.m.·Qatar

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Al Arabiya

Aramco closes $15.5 billion 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…

02/23/2022 4:37:37 p.m.·Saudi Arabia

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Energy Voice

Aramco closes $15.5 billion BlackRock-led gas pipeline deal

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.

02/23/2022 3:42:24 p.m.·United Kingdom

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