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"Saudi Aramco signed a 15.5 billion USD agreement to lease and lease back the (company's) gas pipeline system with a group of companies led by Hassana Investment Company and BlackRock Real Assets," the statement reads.
Within the agreement, the new Aramco Gas Pipelines Company will receive a 20-year leaseback of Saudi Aramco's gas pipeline structure, the company noted. Aramco will get a 51% stake in the new company and a consortium led by BlackRock will get 49%, the release said.
Saudi Aramco, Saudi Arabia's national oil and gas company, was founded in 1933. The company has a presence in the world's three major energy markets in Asia, Europe and North America. It employs over 70,000 people
source: bloomberg.com
Within the agreement, the new Aramco Gas Pipelines Company will receive a 20-year leaseback of Saudi Aramco's gas pipeline structure, the company noted. Aramco will get a 51% stake in the new company and a consortium led by BlackRock will get 49%, the release said.
Saudi Aramco, Saudi Arabia's national oil and gas company, was founded in 1933. The company has a presence in the world's three major energy markets in Asia, Europe and North America. It employs over 70,000 people
source: bloomberg.com
