Saudi Aramco is seeking to secure a $ 7.5 billion loan to potential investors in its oil pipeline units.
According to Arabiya Net, the company has started talks with lenders to secure suitable terms for the financing package that will then be presented to investors, while negotiations are taking place in parallel to sell a stake in the pipeline unit. With expected revenues of $ 10 billion, according to Bloomberg Agency.
The deal to sell a share of the pipeline will be the first stage in Aramco's efforts to raise money from leasing rights or sell stakes in non-core assets.
The Saudi company is working with advisors including GB Morgan and Mullis N Co, a Wall Street investment bank that is also involved in ADNOC deals.
