Saudi Aramco in $12.4 bn oil pipeline deal with EIG-led group – MENAFN.COM

Saudi Aramco in $12.4 bn oil pipeline deal with EIG-led group – MENAFN.COM

(MENAFN - AFP) Energy giant Saudi Aramco said it has struck a 12.4-billion-dollar deal to sell a minority stake in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners. The deal comes as Aramco -- the kingdom's cash cow -- seeks to monetise its once-untouchable assets to generate revenue for