Aramco considering $4-billion power asset sale: report

DHAHRAN, July 7, 2025 – Saudi Aramco is considering selling up to five gas-fired power plants in a move to free up capital and boost payouts to the Saudi state, Reuters reported on Friday.

Citing anonymous sources with knowledge of the matter, Reuters said that the power asset sale could raise around USD 4 billion. The gas-fired plants are part of a broader portfolio of 18 facilities fully or partly owned by the company that supply power to its gas production and oil refining operations.

Aramco was also said to be exploring the sale of other infrastructure, including housing compounds, pipelines and port assets, sources told Reuters. The news emerges in the context of lower oil prices and Saudi Arabia’s large pipeline of planned projects to build out its infrastructure and diversify its economy.

The company declined to comment on the potential asset sale, and the Saudi government communications office did not immediately respond to Reuters’ requests for comments on the matter.

The potential sales would come amid a tightening fiscal environment for Saudi Arabia. Oil receipts amounted to 62% of state revenues in 2024 as the Saudi budget deficit exceeded USD 30 billion, despite a USD 199 billion windfall from Aramco.

In May 2025, Aramco sold USD 5 billion in bonds and is reportedly considering more borrowing to fund infrastructure and economic diversification projects. Also in May, Reuters reported that the company is seeking infrastructure investors to back its USD 100-billion Jafurah gas project.

Photo courtesy of Saudi Aramco

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