US-based EIG-led consortium closes $12.4 billion Aramco pipelines deal

1.2250777-3352348589
Aramco tanks and pipelines at the Ras Tanura refinery and terminal. US based EIG Global Energy Partners said a consortium it led has closed a deal to buy 49 per cent of Saudi oil producer Aramco’s pipelines business for $12.4 billion. Image Credit: Reuters

Dubai: US based EIG Global Energy Partners said a consortium it led has closed a deal to buy 49 per cent of Saudi oil producer Aramco’s pipelines business for $12.4 billion.

EIG said the co-investment process for the deal attracted a global group of investors from China, Saudi Arabia, Korea, the United Arab Emirates and the United States.

It included Abu Dhabi’s Mubadala Investment Company, Silk Road Fund, Hassana and Samsung Asset Management, the company said