Saudi Arabia: Aramco signs $12.4 billion infrastructure investment deal with EIG-led consortium 12 Apr 2021 One of the world’s largest energy infrastructure deals Newly-formed entity, Aramco Oil Pipelines Company, to lease usage rights of Aramco’s stabilized crude oil pipeline network over 25-year period Transaction reflects ongoing progress in Aramco’s portfolio optimization program, which aims to unlock value and maximize shareholder returns Significant injection of foreign capital reinforces Aramco’s leading position in the international energy arena and Saudi Arabia’s appeal to prominent institutional investors globally Aramco has signed a deal with a consortium led by EIG Global Energy Partners, one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back agreement involving its stabilized crude oil pipeline network.