Home » EIG-led consortium closes $12.4b Aramco pipelines deal

EIG-led consortium closes $12.4b Aramco pipelines deal

by MD Samsuzzaman Siyam

US-based EIG Global Energy Partners said on Friday 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.

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

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