Saudi Aramco is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday after the oil giant in June closed a $12.4 billion deal for its crude pipeline network. “We are looking at the potential for other deals that we are currently in negotiation (about),” Nasser said on a call with analysts. Aramco had reached out to banks to pitch for an advisory role to help finance the sale of a significant minority stake in its gas pipelines, three sources told Reuters in June. The gas pipeline stake sale will be a “copy paste” of the oil pipeline deal, one of the sources said.
Published in The Express Tribune, August 10th, 2021.
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