Aramco Is Quietly Shedding Some Of Its Gas Pipeline Assets ...Middle East

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Aramco Is Quietly Shedding Some Of Its Gas Pipeline Assets
Saudi Aramco is looking to raise at least $17bn from the sale of a significant minority stake in its gas pipelines, sources told Reuters today. A sale that large for a slice of the pipeline deal would be higher than the $12.4bn raised from its oil pipeline deal. Potential bidders including North American private equity and infrastructure funds, as well as state-backed funds in China and South Korea have been approached by Aramco through its advisers before a formal sale process kicks off in the next few weeks, they said. The deal size may include…

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