Saudi Aramco to sell more assets in multi-billion dollar push
Published 07 Jul,2021 via Bloomberg Markets - 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 $12.4 billion by selling leasing rights over oil pipelines to a U.S.-led group of investors in April.
The sales will continue in the next few years, according to Abdulaziz Al Gudaimi, senior vice president for corporate development.
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Matthew Martin