Specifically, these sources indicate that the company could divest its interest in an oil export terminal and an oil storage facility. Sources indicate that investment banks have been asked to join a bid to carry out an extensive evaluation of the possible assets, potentially valued at more than $10 billion.
Saudi Aramco is additionally exploring the option of increasing new equity funding as part of the agreements. The firm might also adopt a framework akin to its recent agreement with Global Infrastructure Partners (GIP, overseen by BlackRock) concerning the Jafurah gas initiative. In that agreement, Saudi Aramco and GIP established a joint venture to which the project-serving assets were leased.
One source indicates that Saudi Aramco's assets have garnered attention from global firms, and bankers have already proposed multiple strategies for their sale. The company's oil export terminal and storage facility represent very lucrative assets, and the company might initiate the formal sale process as soon as early next year.
Other outlets indicated that Saudi Aramco is considering the option of divesting a portion of its real estate holdings. These assets may also be valued in the billions, and they are gaining appeal due to Saudi Arabia's intentions to permit foreigners to buy real estate in the nation.
source: bloomberg.com
Saudi Aramco is additionally exploring the option of increasing new equity funding as part of the agreements. The firm might also adopt a framework akin to its recent agreement with Global Infrastructure Partners (GIP, overseen by BlackRock) concerning the Jafurah gas initiative. In that agreement, Saudi Aramco and GIP established a joint venture to which the project-serving assets were leased.
One source indicates that Saudi Aramco's assets have garnered attention from global firms, and bankers have already proposed multiple strategies for their sale. The company's oil export terminal and storage facility represent very lucrative assets, and the company might initiate the formal sale process as soon as early next year.
Other outlets indicated that Saudi Aramco is considering the option of divesting a portion of its real estate holdings. These assets may also be valued in the billions, and they are gaining appeal due to Saudi Arabia's intentions to permit foreigners to buy real estate in the nation.
source: bloomberg.com