{"id":410233,"date":"2021-04-12T08:05:57","date_gmt":"2021-04-12T02:35:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410233"},"modified":"2021-04-12T09:01:27","modified_gmt":"2021-04-12T03:31:27","slug":"saudi-aramco-agrees-12-4-billion-deal-to-sell-stake-in-pipelines","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-agrees-12-4-billion-deal-to-sell-stake-in-pipelines\/","title":{"rendered":"Saudi Aramco agrees $12.4 billion deal to sell stake in pipelines"},"content":{"rendered":"<p>Saudi oil producer Aramco has agreed a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners.<\/p>\n<p>Announced late on Friday, it is the company&#8217;s largest deal since its record $29.4 billion initial public offering in late 2019. <\/p>\n<p>The lease and leaseback agreement includes a 49% stake of newly formed Aramco Oil Pipelines Co and rights to 25 years of tariff payments for oil carried on Aramco&#8217;s pipelines, it said in a statement.<\/p>\n<p>Aramco will retain a 51% stake in the new company.<\/p>\n<p>EIG, which has invested more than $34 billion in energy and energy infrastructure, was the deal&#8217;s underwriter and will work with Aramco in the coming days to decide on other parties for the consortium, a source familiar with the deal said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi oil producer Aramco has agreed a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners. Announced late on Friday, it is the company&#8217;s largest deal since its record $29.4 billion initial public offering in late 2019. The lease and leaseback agreement includes a 49% stake of newly formed Aramco Oil Pipelines Co and rights to 25 years of tariff payments for oil carried on Aramco&#8217;s pipelines, it said in a statement. Aramco will retain a 51% stake in the new company. EIG, which has invested more than [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-410233","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=410233"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410233\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}