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Aramco Oil Pipelines attracts EIG-led Consortium

Aramco Oil Pipelines Company attracts $12.4 billion from a consortium led by EIG, which obtains a 49% stake in the company.|Aramco Oil Pipelines Company attracts $12.4 billion from a consortium led by EIG, which obtains a 49% stake in the company.

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Aramco Oil Pipelines Company attracts $12.4 billion from a consortium led by EIG, which obtains a 49% stake in the company.

EIG-led consortium invests in Aramco Oil Pipelines Company

Aramco Oil Pipelines Company is a recently formed entity that has been enjoying remuneration for oil transported through Aramco’s stabilized pipeline network for 25 years.
The company has attracted major investors.
A consortium led by EIG has invested $12.4 billion, taking a 49% stake.
The consortium includes leading investors from China, Korea, Saudi Arabia, the United Arab Emirates and the United States.

“We are honored to be working with this world-class consortium and look forward to a fruitful long-term partnership,” says R. Blair http://energynews.pro/wp-content/uploads/2022/07/RENTEL-POWERPLUG-KLOET-061dd11042019-7.jpeg, CEO of EIG.

A major transaction between two giants

Aramco is Saudi Arabia’s national oil and gas company.
It is the world’s leading oil company in terms of production, accounting for around one in eight barrels of global supply.
For its part, EIG is a leading global investor specializing in the energy sector.
The company had $21.7 billion under management at March 31, 2021.
Aramco and EIG confirm their leading positions in the energy sector with this $12.4 billion deal.
EIG was advised by HSBC Bank plc (financial advisor) and Latham & Watkins (legal advisor).

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