US EditionSaudi Aramco considers asset sales to free up funds: Reuters
- Saudi Aramco, the world's largest oil producer and main Saudi revenue source, is considering asset sales to raise funds amid falling oil prices in 2025.
- Lower oil prices around $60 per barrel and a widening Saudi budget deficit, amid government pressure to improve profitability, have prompted these funding efforts.
- Aramco plans to advance development of the Jafurah shale gas project, valued at over $100 billion, with production expected to start this year; the company is inviting investment while maintaining majority ownership and control of operations.
- Following President Trump's visit, the company entered into 34 preliminary agreements with U.S. Firms that could total as much as $90 billion, having previously secured close to $28 billion through the sale of pipeline stakes.
- These asset sales and investments are intended to enhance Aramco's cash flow and global footprint, supporting its goal to boost gas production and reduce dependency on oil revenue.
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Exclusive: Saudi Aramco considers asset sales to free up funds, sources say
Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it pursues an international expansion and weathers lower crude prices
·United Kingdom
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