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Saudi Arabia: Infrastructure Contract EIG Closes 12.4 Billion Dollar Deal with Aramco
The EIG-led consortium has concluded the infrastructure deal with Aramco. Under the terms of the contract, the consortium which includes well-known investors will now acquire a 49 % equity stake in Aramco Oil Pipelines Company.
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Washington/USA – EIG has recently announced the closing of its previously announced transaction with Saudi Arabian Oil Co. (Aramco), under which a consortium of investors acquired a 49 % equity stake in Aramco Oil Pipelines Company (Aramco Oil Pipelines). Aramco Oil Pipelines is a newly formed entity with rights to 25 years of tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network.
Aramco Oil Pipelines is a newly formed entity with rights to 25 years of tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network.
The EIG-led co-investment process in Aramco Oil Pipelines attracted a global group of leading institutional investors from China, the Kingdom of Saudi Arabia, Korea, the United Arab Emirates and the United States including, amongst others, Mubadala Investment Company, an Abu Dhabi Sovereign Investor, Silk Road Fund, Hassana and Samsung Asset Management.
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