Saudi Aramco has struck an $11 billion lease-and-leaseback deal with a consortium led by Global Infrastructure Partners (GIP), part of US-based BlackRock, for its Jafurah midstream assets — the latest move in the oil giant’s drive to monetize its portfolio.
Aramco Inks $11B Jafurah Deal With BlackRock-Led Group
Aramco had long planned to involve foreign companies in the midstream and downstream segments of its massive Jafurah gas field.
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