Aramco Closes $12.4 Billion Infrastructure Deal with Global Investor Consortium

Aramco Closes $12.4 Billion Infrastructure Deal with Global Investor Consortium

Aramco and a consortium of international investors announce the acquisition of a stake in Aramco Oil Pipelines Company (Asharq Al-Awsat)

Aramco and an international investor consortium, including EIG and Mubadala, announced Friday the successful closing of the share sale and purchase agreement, in which the consortium has acquired a 49 percent stake in Aramco Oil Pipelines Company, a subsidiary of Aramco, for $12.4 billion.

The consortium consists of a broad cross-section of investors from North America, Asia, and the Middle East, Aramco said in a statement.

This long-term investment by the consortium underscores the compelling investment opportunity presented by Aramco's globally significant pipeline assets, the company's robust long-term outlook and the attractiveness of the Kingdom of Saudi Arabia to institutional investors, said the statement.

As part of the transaction, first announced in April 2021, Aramco Oil Pipelines Company and Aramco entered into a 25-year lease and leaseback agreement for Aramco's stabilized crude oil pipelines network.

Aramco Oil Pipelines Company will receive a tariff payable by Aramco for stabilized crude oil flows, backed by minimum volume commitments.

Aramco continues to hold a 51 percent majority stake in Aramco Oil Pipelines Company and retains full ownership and operational control of its stabilized crude oil pipeline network.

The transaction does