Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion

News

Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion

08.04.2021 News

Saudi Arabian State Oil Company Saudi Arabian Oil Co. (Saudi Aramco) is negotiating the sale of up to 49% of its pipeline assets to a consortium of American, Chinese and local investors, writes The Wall Street Journal, citing informed sources.

According to sources, the amount of the transaction could range from $ 10 billion to $ 15 billion. Thus, the Saudi Aramco pipelines will be estimated at more than $ 20 billion.

Among the investors involved in the negotiations are the American fund Apollo Global Management Inc., the investment company EIG Global Energy Partners, the Chinese infrastructure investment fund Silk Road Fund, as well as the direct investment fund China Reform Fund Management Co. and Saudi pension funds.

The parties can announce the operation this week.

Saudi Aramco intends to maintain control over its pipelines, sources said. Under the agreement in question, a joint venture could be set up to receive a fee for transporting Saudi oil via pipelines.

Other articles

  • Nvidia’s merger agreement with Arm could take more than two years because of China
    News

    Nvidia’s merger agreement with Arm could take more than two years because of China

    It may take Nvidia twice as long to get approval for its deal to buy Britain’s largest technology company, Arm Holdings, which is owned by Japanese financial conglomerate SoftBank Group. After the companies announced a $ 40 billion deal last September, the first hurdle was a class action lawsuit from Google, Qualcomm and Microsoft, which […]

  • Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour
    News

    Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour

    The American company Tesla demonstrated on Thursday in Fremont (California) its new electric car Model S Plaid. The presentation, led by Tesla Chairman Elon Musk, was broadcast on the company’s website. According to the businessman, critics have previously pointed out that the updated version of the Model S car will be “insanely fast”, and expressed […]

  • Pfizer may request approval for COVID-19 at the end of the year
    News

    Pfizer may request approval for COVID-19 at the end of the year

    The American pharmaceutical company Pfizer may apply for permission to use its oral drug for the treatment of COVID-19, at the end of this year. This was announced on Thursday by the Chairman of the Board and Chief Executive Officer of Pfizer Albert Burla. “In addition, our scientists are developing an oral drug to treat […]

  • Ukraine’s economic downturn has slowed sharply
    News

    Ukraine’s economic downturn has slowed sharply

    The downturn in Ukraine’s economy in the first four months of 2021 slowed to 0.2%, according to a preliminary estimate by the Ministry of Economy. “The Ministry of Economy estimates a slight reduction in GDP at 0.2% (down 2% in the first quarter of 2021 by 4.9% over the four months of 2020),” the statement […]

  • Naftogaz commented on the searches
    News

    Naftogaz commented on the searches

    During a visit to Washington, the head of Naftogaz Yuri Vitrenko commented on searches of the company in the case of non-payment of VAT for 2.7 billion hryvnias for Russian gas. “On the one hand, the State Fiscal Service constantly checks Naftogaz. That is, there is nothing surprising in the fact that there is another […]

  • Millions of Volkswagen customers have been affected by the data leak
    News

    Millions of Volkswagen customers have been affected by the data leak

    The American division of the automaker Volkswagen AG reported a data leak, which affected more than 3.3 million customers and potential buyers in North America. Reuters with reference to the Volkswagen Group of America reported this. “The leak occurred after one of the company’s suppliers in the period between August 2019 and May 2021 left […]

  • The world’s first country legalized bitcoin as a means of payment
    News

    The world’s first country legalized bitcoin as a means of payment

    El Salvador was the first in the world to legalize bitcoin as an official means of payment. Such a law was passed by the country’s parliament. 62 parliamentarians supported the bill, 19 voted against, and three abstained. President Nayib Bukele intends to sign the law soon, after which it will take effect “immediately”. Thus, accepting […]

  • Pfizer has begun testing the COVID vaccine on children under 12 years of age
    News

    Pfizer has begun testing the COVID vaccine on children under 12 years of age

    Pfizer will test its COVID vaccine in children under 12 years of age. Radio Svoboda reported this with reference to the company’s statement. The study will involve up to 4,500 children in the United States, Finland, Poland and Spain. The drug is already approved for use in emergencies for adolescents 12 years and older in […]

Read also

Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Ukrainian exchange receives a loss of 1,4 million UAH

In January-September 2016, the Ukrainian exchange has received a loss in the amount of 1,365 million hryvnias against a profit in comparison with the same period of 2015 (0,963 million hryvnias).The exchange provided such information  in its financial statement. The exchange assets have reduced by 3,89 million hryvnias to 38,863 million hryvnias for 9 months due […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Intel has absorbed its competitor Altera Corp. for $ 16, 7 billion.

Recently there were closed the deal on the absorption by the Intel Developer Altera company. In a statement to journalists the head of the Intel, said that Altera is now an integral part of the company and will operate as a division. In a statement, Intel spokesman also said that Altera will now be called […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

In the United States, the victim of hackers was one of the largest companies of the medical services

The computer system of the American medical company Universal Health Services, which has a membership of over 400 medical institutions, has become the object of attack by hackers that demand the ransom. This was reported by CNBC, citing sources from the company’s employees. According to the TV channel, computers in the various institutions of the […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Apple, Alphabet, Facebook and Amazon report earnings this week

In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Tesla plans to sell shares totaling up to $ 5 billion

Tesla has agreed with a number of banks to cooperate in the sale of shares in the company totaling up to $ 5 billion, according to the US corporation. “We have entered into a share distribution agreement … under which we may from time to time offer and sell our ordinary shares with a total […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Bezos is no longer the richest man in the world: the owner of LVMH overtook him

LVMH CEO Bernard Arnault topped the list of the world’s richest people with a fortune of $ 186.3 billion, surpassing Amazon founder Jeff Bezos by $ 300 million. This was reported by Forbes. The top three also included Tesla and Space X chairman Elon Musk ($ 147.3 billion). According to the publication, Arno’s wealth increased […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Huawei turns onto Ukraine

Huawei Technologies Co. Ltd. is going to open the department in Ukraine. The representatives of Ukrainian delegation who had visited the Eastern country with diplomatic purpose informed about it. The parties have discussed the perspectives of countries cooperation in the sphere of economy and business. The main thing was R&D centre and laboratory opening on the […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Gas stations were obliged to warn of rising fuel prices

The Cabinet of Ministers has introduced a mandatory declaration of an increase in retail prices for gasoline and diesel fuel by more than 1%. Now the price increase must be reported in 20 days. This is stated in Government Resolution №450 of March 29, 2021, which was updated. The list of socially significant goods to […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Zuckerberg will make the Facebook feed less politicized

Facebook founder and CEO Mark Zuckerberg is considering how to reduce the amount of political content in the social media news feed. “People don’t want politics and the struggle to dominate while using the social network,” Zuckerberg said. According to him, the company will forever stop the recommendations of groups dealing with political issues. Earlier, […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Australia is experiencing a record drop in GDP in 60 years

In the second quarter, the Australian economy fell by 7% to the first quarter amid a coronavirus pandemic. In the previous quarter, the decline was 0.3%. Thus, Australia has entered a recession for the first time in 30 years. The quarterly decline in GDP has been the highest since the beginning of observations in 1959. […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Shares of Toshiba fell by 43%

The recent scandal with financial fraud and losses of $ 4.5 billion in the Toshiba Company led to the fact that the Japanese giant’s shares collapsed by 43%. Toshiba is the oldest Japanese manufacturers of electronics and  has been on the market for 140 years. All events that occur in the company significantly affect the […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Snap reported revenue growth of 66%, surpassing all Wall Street forecasts

Shares of Snap Inc. rose sharply on Friday, offsetting last week’s decline as investors praised its financial report. Key Snap figures for the 1st quarter of 2021 For the first three quarters of this year, Snap reported a break-even point per share, while analysts’ average estimates were reduced to a 6 percent loss per share. […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group

The world’s largest car manufacturing company Volkswagen, which has recently been involved in a major diesel scandal for understating  of emissions of harmful substances into the atmosphere, will now be sued in court on charges of violation of environmental legislation. Recently the USA Department of Justice filed a civil suit in federal court. The statement […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

Ukraine has canceled the registration of foreign investments

President of Ukraine Petr Poroshenko has signed the law on the abolition of compulsory registration of  foreign investments, which took the Verkhovna Rada of Ukraine on 31 May. This report announced on the website of the President of Ukraine. The law abolishes certain articles of the statutes of the Economic Code of Ukraine and the […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

For the first time in 18 months, Boeing has more orders for aircraft than cancellations

In February, the number of new orders for aircraft in the US aerospace Boeing Corporation for the first time since November 2019 exceeded the number of cancellations. So, last month Boeing sold 82 planes and registered 51 cancellations of orders for aircrafts. At the same time, Boeing has launched 22 aircraft, including 18 aircraft 737 […]

Next
Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion
News

The Stockholm arbitration prohibited the OPP to alienate non-current assets

The Stockholm arbitration prohibited the  “Odessa Portside Plant”, PJSC to alienate non-current assets, according to the press-service of Group DF. “March 31, 2016  the Stockholm arbitration satisfied the request of the  Ostchem Holding Ltd (included in Group DF) and ordered the OPP  till August 31, 2016 to refrain from alienation or encumbrance in any way […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com