Saudi Aramco invited banks to make offers to play a consultant to help sell a large minority stake in a gas pipeline. The second is a major deal for the giant oil company in the middle activities between the upstream and position after a $ 12.4 billion deal for oil pipelines.
According to Arab Net, Source: Aramco already appointed Morgan Stanley as a merger and acquisition, while the role of the financial adviser is still in front of banks.
The source said that the sale of a share in the gas pipeline will be in line with the oil pipeline deal.
Aramco has adopted a rental and recruitment contract to sell a 49% stake in Aramco's newly founded oil pipelines for a 25-year buyer and rights for the oil fee carried out by pipelines.
Saudi Aramco and an international coalition of investors included EIG and Mubadala Investment Company, they announced the completion of a 49% stake in Aramco for crude oil. One of America Saudi Arabia, which was established recently, compared to $ 12.4 billion .
