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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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Worldwide LPG Industry to 2026 - Players Include Repsol, Saudi Arabia Oil and Bharat Petroleum Among Others


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The global liquified petroleum gas (LPG) market is expected to grow at a compound annual growth rate of 4.91% over the forecast period to reach a market size of US$153.146 billion in 2026 from US$109.493 billion in 2020.
LPG is a by-product of propane and butane, and mainly extracted through refineries (crude oil) or natural gas (propane and butane s by-product), which differs area to area, such as in North America, majority of supply of LPG is from natural gases, where United States and Canada are the major exporters of LPG, and that in Asia Pacific is from refineries extraction. At global level, the majority of extraction of LPG in the market is from natural gas, mainly contributed by North America, Europe, Middle East. Considering the different methods of extraction (natural gas and refinery), the natural gas process is more appealing as it involves a gas separation facility, which extract ....

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Global LPG Market (2021 to 2026) - by Technology, Application and Geography


Press release content from Business Wire. The AP news staff was not involved in its creation.
Global LPG Market (2021 to 2026) - by Technology, Application and Geography - ResearchAndMarkets.com
April 7, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 7, 2021
The global liquified petroleum gas (LPG) market is expected to grow at a compound annual growth rate of 4.91% over the forecast period to reach a market size of US$153.146 billion in 2026 from US$109.493 billion in 2020.
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LPG is a by-product of propane and butane, and mainly extracted through refineries (crude oil) or natural gas (propane and butane’s by-product), which differs area to area, such as in North America, majority of supply of LPG is from natural gases, where United States and Canada are the major exporters of LPG, and that in Asia Pacific is from refineries’ extraction. At global level, the majority of extraction of LPG in the market is from natural gas, mainly contributed by North A ....

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