Saudi Aramco Completes Sale Of Stake In Pipeline Unit For $12.4 Billion To EIG-Led Consortium

Saudi Aramco said it has completed the sale of its 49% stake in Aramco Oil Pipelines Co. for $12.4 billion to a consortium led by Washington-based EIG Global Energy Partners as the world’s top oil producer steps up fund raising initiatives.
Saudi Aramco said it has completed the sale of its 49% stake in Aramco Oil Pipelines Co. for $12.4 billion to a consortium led by Washington-based EIG Global Energy Partners as the world’s top oil producer steps up fund raising initiatives.