Saudi Aramco to sell more assets in multi-billion dollar push
The world’s largest oil NSE -1.19 % company, Saudi Aramco, is planning to raise tens of billions of dollars by selling more stakes in its businesses.
The Saudi Arabian state-controlled firm created a new team to review its assets last year, soon after the coronavirus pandemic triggered a plunge in energy prices and strained its balance sheet. Aramco raised $12.4 billion by selling leasing rights over oil pipelines to a U.S.-led group of investors in April.
