Aramco is planning to sell a stake linked to its natural-gas pipelines, Bloomberg has reported.
RIYADH: The world’s largest oil company, Saudi Aramco, is planning to raise tens of billions of dollars by selling more stakes in its businesses.
The Saudi Arabian state-controlled firm created a new team to review its assets last year, soon after the coronavirus pandemic triggered a plunge in energy prices and strained its balance sheet. Aramco raised US$12.4bil (RM51.73bil) by selling leasing rights over oil pipelines to a United States-led group of investors in April.
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