Saudi Aramco inks $15.5-billion pipeline deal

RIYADH, December 6, 2021 – Saudi Aramco has made a USD 15.5-billion deal with a consortium led by Black Rock Real Assets and Hassana Investment Company for the leasing of the company’s pipeline, the Saudi Arabian oil and gas player announced on Monday.

The deal will see the consortium take a 49% share of a newly formed pipeline company, Aramco Gas Pipelines Company.

The new entity will lease the rights to Saudi Aramco’s pipeline network for a 20-year period, with Saudi Aramco retaining full ownership and operational control.

The transaction is one of the world’s largest energy infrastructure deals.

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