Aramco will retain operational control of the pipeline network and assume all operating and capital expense risk, the companies said.
DUBAI: Saudi oil producer Aramco has agreed a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners.
Announced late on Friday, it is the company's largest deal since its record $29.4 billion initial public offering in late 2019.
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