Aramco to pick JPMorgan and Goldman for gas pipeline deal


The state energy giant is preparing to gauge interest in the assets from potential investors and could kick off the process soon

RIYADH: Saudi Aramco has chosen JPMorgan Chase & Co and Goldman Sachs Group Inc to advise on the planned sale of a multi-billion-dollar stake in its natural gas pipeline network, people familiar with the matter said.

The state energy giant is preparing to gauge interest in the assets from potential investors and could kick off the process soon, the people said, asking not to be identified because the information is private.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Aramco , gas , pipeline , JPMorgan , Goldman , Saudi Arabia ,

Next In Business News

Malaysia's economy grows 6.3% in 4Q, above forecast
Hock Soon Capital falls 7c below IPO on debut
Ringgit opens firmer on weaker US$, 4Q GDP optimism
FBM KLCI seen consolidating ahead of GDP release, CNY holiday
Trading ideas: Steel Hawk, Critical, GDB, Hextar Industries, Infraharta, MFM, MGB, Oriental, UEM Sunrise, Maxis, SKP
Steel Hawk unit secures PETRONAS deal
Dialog enters recovery year driven by midstream recurring income
Stunning 4Q finish for Malaysia
Topmix posts record quarterly revenue and earnings
SC appoints LC Wakaful Digital as first social exchange operator

Others Also Read