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Mubadala joins EIG-led consortium to acquire stake in Aramco pipeline Share Sign up here for GlobalData s free bi-weekly Covid-19 report on the latest information your industry needs to know. Abu Dhabi sovereign investor Mubadala Investment has reportedly joined the EIG Global Energy Partners-led group to purchase Saudi Aramco’s stake in newly formed crude oil pipeline entity. As per the deal, the consortium agreed to acquire Aramco’s 49% stake in newly formed Aramco Oil Pipelines Co for approximately $12.4bn. Saudi Aramco, however, will retain a 51% stake in the new company, which is valued at around $25.3bn. Aramco Oil Pipelines will operate all the existing and future stabilised crude pipelines of Saudi Aramco in Saudi Arabia. These pipelines connect oilfields to downstream networks. ....
Saudi Arabia in discussions to offload 1% stake in Aramco Share Sign up here for GlobalData s free bi-weekly Covid-19 report on the latest information your industry needs to know. Saudi Arabia is reportedly in talks to divest a 1% stake in state-backed oil firm Saudi Aramco over the next two years to a foreign peer. Saudi Arabia Deputy Prime Minister and Crown Prince Mohammed bin Salman Al Saud was reported by Bloomberg as saying in an interview on Saudi TV: “There are talks now for the acquisition of a 1% stake by a leading global energy company in an important deal that would boost Aramco’s sales in a major country.” ....