Saudi Aramco is considering selling a stake in the natural gas pipeline network, within its target to attract more international investors to the Kingdom, quoting informed sources of Bloomberg.
In accordance with Arab Net, the sources revealed that Aramco conducts preliminary discussions on the potential step, two students were not disclosed because the information was special.
The sources confirmed that any transaction conducted by Aramco could gather billions of dollars.
As part of the Saudi Arabia's plan to attract foreign investment and diversify the economy, through partnerships and selling some assets.
Earlier this month, Aramco said it would collect more than $ 12 billion from the sale of its oil pipeline unit to an alliance led by EIG Global Energy Partners Eig Global Energy Partners.
While Bloomberg reported last week that the company also carries out a strategy for exploration and production work, in a move that could push external investors to some of its oil and gas assets, according to Arabic.
The main gas system in Aramco is a network of pipelines linking its production sites throughout the Kingdom. The current infrastructure capacity is about 9.6 billion cubic feet per day, according to the annual Aramco report.
The sources said that the deliberations at an early stage, and there is no confirm that Aramco will proceed in the deal, as Aramco declined to comment.
Saudi Arabia has the world's largest gas reserves worldwide and the largest in the Arab world after Qatar, according to BP PLC.
