KHALEEJ TIMES, Wednesday, Jun 9, 2021 | Shawwal 28, 1442
Mubadala joins EIG-led consortium buying Aramco pipeline stake
Aramco in April agreed to sell a minority stake in its pipelines for $12.4
billion to a consortium led by EIG, the company’s largest deal since its record
$29.4 billion initial public offering in late 2019.
Aramco will keep 51 per cent of the newly formed Aramco Oil Pipelines Co and
rights to 25 years of tariff payments for oil carried on Aramco’s pipelines.