UAE’s Mubadala may join US$12bil Aramco deal

Foreign-buying: A file picture showing Aramco engineers working in Saudi Arabia. Investors will buy 49% of Aramco Oil Pipelines which is a recently-formed entity. — AFP

ABU DHABI: An Abu Dhabi sovereign wealth fund may join a group investing in Saudi Aramco’s oil pipelines, in a deal set to be backed by a loan of around US$10.5bil (RM43bil).

Mubadala Investment Co, a fund with US$232bil of assets, is in talks with US investor EIG Global Energy Partners LLC, the lead member of the consortium, according to a Mubadala spokesperson.