Saudi oil giant Aramco has chosen Japan's Mitsui Sumitomo Financial Group; To provide financial advice to the company in a deal to sell assets in the gas sector, worth between 17-20 billion dollars.

Sources told (CNBC Arabia) that Aramco is currently working on differentiating between the offers submitted in cooperation with the merger and acquisition advisors who were previously appointed to advise on the issue. command.

Reuters reported last June, citing sources, that Aramco had chosen (JP Morgan) and (Goldman Sachs) to advise on the potential deal. The role of the financial advisor was still vacant.

The sources revealed that an alliance of investors with an Asian majority may be at the forefront of potential candidates to win the deal, with the entry of Asian sovereign funds, led by sovereign wealth funds in Singapore, South Korea and China. On the line of negotiations.

Another potential investor is the US (Brookfield) fund, which was among the consortium that won the UAE ADNOC gas pipeline deal last year.

The sources added that the financing structure of the deal will be similar to the financing structure of the oil pipelines deal that was closed about 3 months ago and won by a coalition of investors led by (A AG Global Energy) in a deal then totaling $12.4 billion.

It added that the size of the deal will include more than $4 billion using shares, while the rest of the deal will be financed through a loan provided by a group of banks, similar to what happened in the pipeline deal. Oil.