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EIG-led consortium closes acquisition of minority take in Aramco Oil Pipeline

EIG-led consortium closes acquisition of minority take in Aramco Oil Pipeline
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Aramco Oil Pipeline , Aramco Oil , அரம்கோ எண்ணெய் ,

Mubadala joins EIG-led consortium to acquire stake in Aramco pipeline


Mubadala joins EIG-led consortium to acquire stake in Aramco pipeline
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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. ....

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Aramco Raises $12B-Plus in Oil Pipeline Deal with EIG-Led Consortium


Aramco Raises $12B-Plus in Oil Pipeline Deal with EIG-Led Consortium
Saudi Arabia Oil Co., better known as Aramco, has struck a $12.4 billion transaction to sell a minority stake in its oil pipeline operations to a consortium led by U.S.-based EIG Global Energy Partners. 
The global investment group agreed to take 49% equity interest in newly created Aramco Oil Pipelines Co. Aramco today operates more than 90 pipelines across the country. The consortium also secured rights to 25 years of tariff payments for oil transported through the system. 
Aramco would hold a 51% majority stake in the pipeline unit, which includes all of the existing and future crude pipelines in the Kingdom; it also transports 100% of the crude produced. ....

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