BlackRock-led group in talks for $10 billion Aramco gas stake

Published 18/07/2025, 11:28
© Reuters.

Investing.com -- Saudi Aramco (TADAWUL:2222) is in advanced discussions to sell a stake worth approximately $10 billion in midstream infrastructure for its Jafurah natural gas project to a consortium led by BlackRock Inc (NYSE:BLK).

The group, backed by BlackRock’s Global Infrastructure Partners unit, could finalize an agreement within days, according to a Bloomberg report on Friday.

The transaction involves pipelines and other infrastructure serving the Jafurah project, which has a total value exceeding $100 billion. Aramco is developing this unconventional gas field to supply domestic power plants and for export markets.

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